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Catching the FinTech wave: A survey on FinTech in Malaysia
In 2015 and the first half of 2016, US$345 million, representing 11% of total venture capital funding in Southeast Asia went into FinTech. The region’s growing economies and relatively large underbanked populations make it doubly attractive for new market entrants. We set out to assess Malaysian financial service players’ attitudes towards this emerging segment through an online survey and several interviews of top management from both the incumbents and newcomers.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, venture capital
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KCB Bank Kenya, Western Union Introduce Mobile Money Transfer
KCB Bank Kenya and Western Union have launched a mobile-phone based money transfer service.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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UNCDF releases its 1st Digital Financial Services Toolkit
UNCDF’s MicroLead program team is proud to introduce its series of practical toolkits titled, "How to Succeed in Your Digital Journey: a Series of Toolkits for Financial Service Providers”. The toolkits (available both in French and English) are designed for financial service providers (FSPs) who want to go digital.
- Categories
- Technology
- Region
- North America
- Tags
- fintech, microfinance
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Report: This Is What Would Happen to Kenya’s Economy if M-Pesa Was to Collapse
A Treasury report warns that an M-Pesa outage would cause loss of revenue and reduce confidence in the mobile money transfer services. FILE PHOTOA Treasury report warns that an M-Pesa outage would cause loss of revenue and reduce confidence in the mobile money transfer services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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M-Wallets Surge in Small Towns in Nation-Wide Cash-Crunch in India
As India outlawed its two biggest banknotes, mobile wallets are witnessing a spurt in enquiries and usage in small towns, as unavailability of currency hit wide across the country.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Modi’s ‘Masterstroke’ Cash Ban to Boost India Digital Push
Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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5 Ways To Bring Everyone Into The Mainstream Financial System
If everyone had a bank account, the global economy could expand by $3.7 trillion by 2025, a recent report showed. New digital tools, like mobile money accounts and peer-to-peer lending, can bring millions of people into the formal financial system, opening up their ability to save, borrow, and live better lives.
- Categories
- Impact Assessment
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More Bitcoin exchange platforms now focus on Africa
The level of awareness regarding Bitcoin in Africa seems to be on the increase, a several new platforms have emerged.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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