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African Development Bank launches Africa Digital Financial Inclusion Facility
The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit Intros Money Transfer Service for SMEs
According to WorldRemit, the new service will make it easier for local enterprises to receive payment by UK-based partners via their bank account or cash pick-up. While some banks can take up to one week to process payments, WorldRemit says its transfers to SA are processed within 24 hours or less.
- Categories
- Finance
- Region
- Europe & Eurasia
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Uber Is Pivoting to Fintech, Something Asian Startups Have Been Doing for Years
The fintech pivot has been important part of the playbook for Asian ride-hailing companies for years. India’s Ola made fintech a priority in 2015 after spinning out its payment service, Ola Money, into a standalone app, according to Tech Crunch. Indonesia’s Go-Jek started its Go-Pay service in 2016, while Malaysia’s Grab made a major push into fintech two years ago.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, startups, transportation
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Fintech and Cleantech… an Odd Couple or a Perfect Marriage?
Startups focused on non-emitting-generation resources were once lauded as the next big cash cow, but the sector’s hype quickly got away from reality.
- Categories
- Energy, Environment, Finance, Technology
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MTN Introduces Africa’s ‘First’ AI Service For Mobile Money
The AI mobile money “assistant” enables customers to engage with MTN’s MoMo services, including payments, on various social media platforms such as WhatsApp and Facebook Messenger, and via SMS.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Front Lines of the Digital Revolution: Reasons for Hope and Caution as India Rides the Fintech Boom
India is now the world's second biggest fintech hub, trailing only the U.S. Its digital payments market is set to grow to US $500 billion by 2020, with its overall digital economy predicted to reach 30% of the country’s GDP by 2025. According to Moin Qazi, this ongoing fintech revolution offers a preview of what global banking may look like a generation from now, delivering vast benefits to both providers and customers. But it isn't free of downsides – for both traditional financial institutions losing their market share to tech-based entrants, and for customers navigating new risks.
- Categories
- Finance, Technology
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Airtel Africa to raise $750 million via IPO to reduce debt
Airtel Africa has a presence in 14 countries in Africa. As on December 31, 2018, Airtel Africa was the second largest mobile operator in Africa by number of active subscribers, according to Ovum.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Fintech Adoption up 64% With India and China in the Lead
Fintech adoption rate has risen to an average of 64% this year, with emerging markets like China and India leading the way, according to a report by Ernst & Young (EY).
- Categories
- Finance
- Tags
- fintech