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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
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You Can Now Invest in a ‘Racial Justice’ Index Fund
The new “Racial Justice” criteria joins more than a dozen other causes promoted by OpenInvest’s indexing technology—which allows investors to prioritize values including gender equality, LGBTQIA+ rights, and ethical supply chains and also combat issues like fossil fuels, deforestation, and greenhouse gas emissions, among others.
- Categories
- Investing
- Tags
- ESG, fintech, impact investing, startups
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Kenya Is Mobile Cash King but Ghana and Rwanda Lead in Reach
This means that seven out of every 10 Kenyans are using their mobile phones to access their bank accounts for services to save or get loans coinciding with a change by the lenders and micro-financiers to adopt mobile and digital platforms that cut on operational costs.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Report: Mobile Money Transfers Remain Costly for the Poor
Kenya is among the top five African countries in mobile penetration, even though the cost of mobile transactions remain high for poor households and businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream
Trulioo said it is teaming with Refinitiv — operator of the World-Check Risk Intelligence database — to promote global financial inclusion and fight fraud.
- Categories
- Finance, Technology
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Report: Global Fintech Adoption Grew 64% in 2019; India and China ahead in Emerging Markets
In the emerging markets, Russia and South Africa are trailing closely behind China and India.
- Categories
- Finance, Technology
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