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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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In Fintech Race, Go-Jek App Extends Consumer Credit to Offline Stores
PayLater marks 'beginning' of more financial services for Indonesia's unbanked.
- Categories
- Finance
- Region
- Asia Pacific
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PalmPay, Visa Partner to Drive Financial Inclusion Across Africa
In a statement made available to The Guardian, Vice President, Strategic Partnerships, Fintech and Ventures at Visa, Otto Williams, said the goal of advancing financial inclusion was the driving force for the collaboration, noting that the partnership would benefit consumers and merchants not previously addressed by traditional financial services across Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Finding the Right Balance: A Toolkit for Regulating Digital Financial Services in Emerging Markets
The number of financially excluded adults has dropped from 2.5 billion in 2011 to 1.7 billion in 2017, thanks largely to digital financial services (DFS). However, finding the right regulatory balance for these services is not easy: Too much regulation can undermine the business case for DFS, while too little can leave consumers exposed. Anton Didenko and Ross Buckley at the University of New South Wales discuss a recent paper that seeks to address these challenges through a comprehensive analytical framework – what they call the Regulatory Diagnostic Toolkit.
- Categories
- Finance, Technology, Telecommunications
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Five Things We’ve Learned Creating Data Standards for Inclusive Fintech
It’s no secret that capital is flowing into fintech. In 2018, global fintech investments exceeded USD $100 billion. Yet this investment is highly concentrated among a relatively small group of companies. Blaine Stephens and Chrissy Martin Meier of MIX share five insights from a new research initiative based on 40 interviews with fintechs, investors and ecosystem actors, designed to drive capital to inclusive fintechs in hopes of reaching 1.7 billion unbanked people around the world.
- Categories
- Finance, Investing, Technology
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