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Money20/20 Launches Rise Up Program to Foster Gender Inclusivity Within the Financial Services & Fintech Industries
Money20/20 also revealed that Rise Up was created in partnership with Wnet (Women’s Network in Electronic Transactions), the premier professional organization for women in payments.
- Categories
- Finance
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Nigerians Bury Cash in Backyards as Mobile Money Stumbles
Financial inclusion in Nigeria -- which vies with South Africa as the continent’s biggest economy -- has gone backward as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Judge suspends new taxes on mobile money, kerosene in Kenya
Justice Wilfrida Okwany issued the directive saying there would be no practical way of compensating Kenyan taxpayers who have already been affected by the implementation of the new taxes.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, public policy
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90% of our money transfers to Rwanda via mobile phones – World Remit
“Transfers to mobile money accounts make up 90 per cent of WorldRemit’s transactions to Rwanda, and is growing rapidly,” a statement from Worldremit reads in part.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why Fintech May Be the Future of Ridehailing for Grab, Uber
Grab, a Singapore-based company whose app allows customers to order taxis, cars, and even motor bikes on-demand, has recently expanded into mobile payments. GrabPay—once just a way for passengers to pay their driver digitally with their phones—debuted in November to other merchants and small businesses that can now use the product to accept mobile payments.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Exclusive: Kenya’s Safaricom taking M-Pesa to Ethiopia, sources say
M-Pesa could transform Ethiopia’s economy, as it has done in Kenya, by allowing people to sidestep a decrepit and inefficient banking system and send each other money and make payments at the touch of a button.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s Banking Revolution Has Left Its Villagers Behind
Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down.
- Region
- South Asia
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Two Kenyan banks lose $0.86 million to hackers in a month
Kenyan banks are believed to have lost at least $860,000 to hackers in the past one month, which has seen two lenders temporarily terminate their mobile and online banking services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance