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Rising wave of e-frauds puts Nigerian economy at risk
Recently, Nigerian banks were among the ones targeted by the North Korean hacker, Lazarus. The Central Bank of Nigeria, CBN, rates e-fraud as the biggest risk in the sector which has widely incorporated electronic payment solutions such as Automated Teller Machines, ATMs, NIBBS Instant Payment, NIP, and mobile banking.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Is Financial Inclusion Stalling? The 2017 Findex Results Raise Several Red Flags
The Global Financial Inclusion Database (Findex) - one of the most authoritative yardsticks on the state of financial inclusion - finds that 69 percent of the world’s adults now have bank or mobile money accounts. But while that's an exciting headline, it's also misleading, as millions of those newly opened accounts are lying dormant. And that's just one reason why industry stakeholders have found the latest Findex data underwhelming. Elisabeth Rhyne and Sonja Kelly at the Center for Financial Inclusion at Accion unpack some of the troubling stats – and highlight a few bright spots.
- Categories
- Finance
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Almost half of the world’s population still doesn’t use a bank account
The World Bank recently released data on the state of global financial inclusion, and the results are eye-opening.
- Categories
- Finance
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MTN Uganda Under Fire Over Mobile Money Transaction Reversal
The leaders of the campaign say they are entering a new phase after an elapsed deadline for MTN Uganda to commit to an open, transparent and constructive dialogue on how to put in place measures on mobile money reversals.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: Nigeria lagging behind in financial inclusion, mobile money
An International Finance Corporation report says Nigeria is lagging behind its peers in sub-Saharan Africa in terms of financial inclusion and mobile money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s finance minister says mobile money tax may be reviewed
Uganda’s finance minister told journalists on Monday that a new tax on mobile money transactions in the country that was approved by parliament last week, is different from what the cabinet agreed.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Singapore, India to boost fintech collaboration
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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MTN Ghana makes history with first mobile money-based IPO
The IPO is the largest ever undertaken by the country and if successful could set the stage for other companies to test the market.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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