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Press release: Credit Suisse joins with CGAP on the application of digital finance to alleviate poverty
Credit Suisse, one of the world's leading financial services providers, is partnering with the Consultative Group to Assist the Poor (CGAP) to support its work in building inclusive and responsible financial systems that help people move out of poverty, protect their economic gains and advance the broader global development agenda.
- Categories
- Finance
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How Informal Employment in Emerging Markets is Boosting Fintechs in Alternative Lending
The informal sector, which official GDP does not reflect, holds a significant share in the economies of developing countries. At the same time, if the volume of goods and services produced informally is rarely more than 40 percent of the official GDP, then the share of people employed off the books can be incomparably higher.
- Categories
- Finance
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Ant Invests $40M In Indonesia FinTech Akulaku
Launched in 2016, Akulaku started out with a virtual credit card before developing its own eCommerce platform, boasting 3C products and virtual payment scenarios.
- Categories
- Finance
- Region
- Asia Pacific
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M-Pesa to offer cash advances to clients
Safaricom users can now pay for goods and services even when they lack enough funds, piling pressure on conventional banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Why the next big thing in fintech is not mobile payments
The next big thing in fintech isn’t mobile payments – it’s data.
- Categories
- Finance
- Region
- Asia Pacific
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Telenor Microfinance partners with Alipay for Pakistan blockchain remittances
The service is provided by Telenor’s mobile banking service Easypaisa in Pakistan and another subsidiary Valyou in Malaysia. The aim is to make payments real-time, 24/7 and more efficient.
- Categories
- Finance, Telecommunications
- Region
- South Asia
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Nigeria Softens Rules Shielding Banks From Wireless Rivals
The central bank may have realized it can’t rely on lenders alone to achieve its objective of extending services to the 50 million adults still without a bank account in the nation of about 200 million people.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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In China, cash is no longer king
A cashless society has many advantages, including lower transaction costs. But it also creates a divide between those who can make cashless payments and those who cannot.
- Categories
- Finance
- Region
- Asia Pacific
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