-
PayPal, Safaricom partnership enables cross-border mobile payments in Kenya
“PayPal’s collaboration with M-PESA is part of the company’s long-term strategy to enable eCommerce and democratise financial services on the African continent,” says Efi Dahan, General Manager for the Middle East, Africa and Russia, PayPal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
-
Omidyar Network Led $2.8 Mn Seed Funding Round In Fintech Startup Kaleidofin
Chennai-based fintech startup Kaleidofin has raised over $2.8 Mn in seed funding from Omidyar Network. Blume Ventures and individual investors – including Israeli serial entrepreneur and inventor, Professor Shlomo Ben-Haim – have also participated in the round. This is Professor Ben-Haim’s first investment in India.
- Categories
- Finance
- Region
- South Asia
-
Kenya mobile phone firms to offer cross-network cash transfers
Subscribers of Safaricom, Airtel and Telkom will be able to transfer and receive cash from one mobile network to another, the companies said in a joint statement published in the Business Daily newspaper.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Study shows Kenyans’ soaring appetite for mobile loans
Mobile loans have become the largest source of credit for Kenyans besides family and friends, signalling the growing allure of financial technology (fintech) services in the country.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
-
First Digital-Only Bank in Ivory Coast Launches
Ivory Coast has the fifth highest percentage of adults with mobile money accounts in the world.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Asian Development Bank Report Looks at Impact of Digital Technologies on Remittances
Governments and international organisations can help create an enabling environment in digital finance to improve the remittance process and also have positive externalities such as financial inclusion.
- Categories
- Finance
-
IFC and VCs Want To Take Emerging Market Microfinance To Mobile
The developing world needs more fintech companies to extend financial inclusion to consumers and small businesses who aren't being served by existing banks. That's the thinking behind several venture capital firms which are working with the International Finance Corporation (IFC).
-
Can Tech Humanize Microfinance? An Unexpected Benefit of Going Digital
Shuffling through papers while standing at a pho vendor’s street stall. Asking customers the same questions over and over again every loan cycle. CEP’s staff and clients constantly dealt with such frustrations until the Vietnam-based microfinance institution rolled out an app that digitized the loan and repayment process. Laura Cojocaru and Kelly Nguyen of BFA report on how the technology not only saves time, but helps loan officers connect on a more personal level with clients.
- Categories
- Finance
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.