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Indian Prime Minister Modi launches UPI-based mobile payment app
Urging people to make digital payments a "habit" to make the country a cashless economy, Prime Minister Narendra Modi on Friday launched a mobile app for the Unified Payment Interface (UPI).
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- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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A Week at the Cutting Edge: Eight Insights into Emerging Market Fintech
This post by Jake Kendall and Stephen Deng, about innovators prototyping and testing new fintech ideas at the first DFS Lab Fintech Bootcamp in Dar es Salaam, was December's most popular. It's now in the running for Most Influential Post of 2016. Today's the last day to vote for it – or any of the other 11 entrants. The winner will be announced Wednesday.
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- Technology
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Microfinance Looks Toward the Future – But Will Fintech Revive the Controversies of Its Past?
James Militzer's wrap-up of European Microfinance Week says microfinance has lurched from development sector darling to punching bag over the years, but in the midst of this turmoil – and in reaction to it – practitioners at industry events have been diligently reimagining their sector. That take earned Militzer a spot in our Most Influential contest. You can participate by casting a vote ... but you've only got one more day.
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- Uncategorized
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OPIC Grants USD$5million to Venture Capital Group in Emerging Markets
The U.S. government’s development finance institution, the Overseas Private Investment Corporation (OPIC) has announced $5 million financing to support Unreasonable Capital Fund. Elizabeth L. Littlefield, OPIC’s President and CEO said, “OPIC is delighted to support Unreasonable Capital as the fund invests across several regions and in a variety of sectors, from energy access to financial technology, that will have a positive development impact.”
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- Impact Assessment
- Region
- Sub-Saharan Africa
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Finnovista: 2017 Will Be the Year of Fintech for Inclusion in Latin America
Cofounded by Fermin Bueno and Andres Fontao who also cofounded Startupbootcamp FinTech LATAM, Finnovisita sees itself as an impact organization that accelerates fintech entrepreneurship in Spanish speaking countries, builds bridges between startups and financial institutions and facilitates the transformation of advanced financial services and the eradication of financial exclusion. The platform is on the cusp of celebrating its fourth year boosting fintech in Latin America and Spain.
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- Technology
- Region
- Latin America
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Opportunity International and MyBucks: A Dangerous Partnership Decision?
Long-time microfinance watchdog Chuck Waterfield expresses serious concerns about the ramifications of Opportunity International's sale of six microfinance banks to the fintech company MyBucks – both for the clients of those banks as well as for the broader microfinance industry. This post, which originally appeared on June 21, was the most popular post on NB that month, and is part of our Most Influential Post of 2016 contest.
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- Uncategorized
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Paper: Digital Finance Interoperability & Financial Inclusion
Interoperability—the ability for different systems to connect with one another—is attracting a lot of attention among digital finance experts. Interoperable payment systems have the potential to make it easier for people to send payments to anyone and receive payments from anyone quickly and cheaply. Financial service providers welcome the new business opportunities that would emerge from this higher volume of transactions, and policy makers see interoperability as a means to bring more poor people into the financial system, thus fostering financial inclusion.
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- Technology
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Wari And Mastercard Partner to Deliver Digital Payment Solutions In 35 African Markets
Wari and Mastercard signed a Strategic Alliance Agreement that will help strengthen the Wari offering for its users but also the digital payment ecosystem in 35 African markets.
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- Uncategorized
- Region
- Sub-Saharan Africa
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