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Viewpoint: We Need to Talk About Credit
In the past five years, we have seen a lot of change in how credit markets are developing, not least because of the rapid growth in digital credit associated with mobile financial services. But how much do we actually know about digital credit? And how does it relate to other types of credit in the markets we care about? How is this new availability of credit contributing to the ability of low-income people to seize opportunities and manage risks?
- Categories
- Finance
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First Skirmishes in Brazilian Fintech War
According to a recent report by McKinsey & Company, there are now around 400 fintechs operating in Brazil which are growing at a compound annual growth rate of 96%.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- fintech
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Gates Foundation’s Mojaloop Finance Code Gains in Africa And Asia
Mojaloop will make payments faster, and through its centralist directory, more secure, said DFS.
- Categories
- Finance, Technology, Telecommunications
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India’s ZestMoney Raises $20m to Grow Its Digital Lending Service
The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in India.
- Categories
- Finance, Technology
- Region
- South Asia
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Vietnam Telcos Ready to Pilot Mobile Money
The three operators have submitted applications to launch mobile money services that will allow customers to transfer money using mobile phones, including Vietnam's unbanked population.
- Categories
- Finance, Telecommunications
- Region
- Asia Pacific
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Cambodia, Singapore In Cross-Border FinTech Pact
The banks have also agreed to share data on emerging markets. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions.
- Categories
- Finance
- Region
- Asia Pacific
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Naspers Arm PayU Buys Fintech Startup Wibmo in $70 Million Deal
Founded in 1999 by Setlur and Veena Mistry, Wibmo provides digital payment security technology in India and other emerging markets.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech, startups
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Can Ecsponent Find Profitable Traction at MyBucks?
It seems that under Van Niekerk, MyBucks — like BFS — has found itself under mounting financial stress. MyBucks’ interim results to end-December showed a net loss after tax of €4.8m (R78.2m), with the net asset value of the company negative by €2.56m (R42m).
- Categories
- Finance
- Tags
- fintech
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