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UN pushes for cross-border mobile money payments
The move is intended to facilitate interconnectivity between registered mobile money account owners within Kenya and across the continent, totaling 277 million according to a 2017 report.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Mobile Phones Driving Zimbabwe’s Financial Inclusion, but Gender Gaps Persist
The Global Financial Index 2017 noted that Zimbabwe has accomplished a considerable achievement in enhancing financial inclusion, but also indicated that the country has a long way to go in order to catch up with nations like Kenya, where account ownership is over 80 percent of the adult population.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Tanzania considers pushing telcos to refund mobile money fraud victims
The minister responsible for communications, Mr Isack Kamwelwe told The Citizen newspaper that the government has received numerous complaints from the public against telcos, citing failure to take stringent measures against the theft.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Coming soon to Rwanda: Mobile money transfers across networks
These approvals will set the stage for the telcos to start commercial negotiations, agree on transaction tariffs and sign agreements with an independent switch provider, enabling them to embrace mobile money interoperability or the ability to offer services across networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Realizing blockchain’s potential for social impact
As is usually the case with disruptive new technology, blockchain comes with a lot of hype. While its best-known application, bitcoin, divides opinion and makes banks and governments nervous, the technology may have great potential to advance social good.
- Categories
- Finance, Technology
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Phone scam: How Kenyans are losing money
Mobile phones in Kenya are like bank accounts - some people keep all their savings on their phone - and fraudsters are trying to hack into them to steal the money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Step by Step Credit: Empowering the Unbanked through Progressive Finance
Despite notable progress in the financial inclusion sector, widespread, permanent change remains elusive. The good news, says Aristotle Socrates at Juvo, is that not only is this change possible, but everything we need to make it happen already exists. In fact, it might be as easy as setting aside long-held assumptions about the role of wealth and income in establishing credit. He outlines how improved data infrastructure is connecting lenders to creditworthy customers, producing big gains for both providers and the financially excluded in the developing world.
- Categories
- Finance, Telecommunications
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South African fintech JUMO secures first two commitments in new funding round
The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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