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Ant Financial and the Greening of Fintech
The fintech boom has certainly re-shaped the way business is done and fashioned societal shifts in China’s consumer market; it is changing behaviors. Can the fintech boom also create opportunities to help spur sustainable development?
- Categories
- Environment, Finance
- Region
- Asia Pacific
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China’s cryptocurrency crackdown cost bitcoin company BTCC tens of millions in revenue: ‘It was in the realm of our worst possibility’
BTCC founder and CEO Bobby Lee told Business Insider: "We always knew it was a risk that the Chinese government would look unfavourably on bitcoin and put some strong rules around it.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- cryptocurrency, fintech
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Expanding Financial Access Means Expanding Security – How ‘Tokenization’ Could Be the Key
When Experian was hacked last fall, the breach exposed the social security numbers of 143 million people in the U.S. Shortly thereafter, in South Africa, approximately 30 million citizens' identity numbers and financial information were hacked and leaked on the internet. As more people in emerging economies are equipped with personal identification numbers for digital financial services, the need for securing sensitive data grows exponentially. Suresh Rajagopalan of FSS touts tokenization as a remedy – and outlines some challenges it presents.
- Categories
- Finance
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IMF Urges International Cooperation on Cryptocurrency Regulation
The IMF, the United Nations’ organization for global monetary cooperation, financial stability and economic growth, is pushing a “greater international discussion and cooperation among regulators” globally to form policies on cryptocurrencies, CCN.com reported.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
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India’s coming UPI battle in mobile payments
All non-cash transactions (immediate payment service, electronic clearing service and national electronic funds transfer, credit and debit cards, usage at point-of-sale, all prepaid instruments, m-wallets and mobile banking) in December 2016 grew by 28% from the October figure— sharply higher than the 10% in the preceding months.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Selling Without Selling Out: How to Avoid Harmful Sales Tactics in Financial Inclusion
You are probably bombarded with offers for useless products on a daily basis, with little consequence other than mild annoyance. But what if you were living at the BoP and the product being offered were at best useless, and at worst likely to undermine your economic future? That's the case for many financial services clients in emerging markets, says Barbara Magnoni of EA Consultants. She explores responsible sales tactics that providers can use to avoid doing more harm than good.
- Categories
- Finance
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Fintech startups took nearly a third of all African venture funding in 2017
While fintech is seen as disrupting the traditional financial sector in more advanced economies, in Africa it is bridging gaps that have not been addressed by the banking industry to begin with. Between 2015 and 2017, African fintech startups including names like Flutterwave and Paystack jointly raised more than $100 million.
- Region
- Sub-Saharan Africa
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Mastercard’s New Platform Helps Kenyan Micromerchants Get Credit–And Restock Faster
Without a financial history, small shop owners struggle to access loans. A new project from Mastercard helps them build up a track record of payments through digitizing their orders from local wholesalers.
- Categories
- Finance
- Region
- Sub-Saharan Africa