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Financial Inclusion Forum: The Technology Revolution
Technology was a recurring theme during the recent Financial Inclusion Forum. Eugene Amusin, chairman of the event, points out that while fintech is an enabler – it can decrease costs, providing new entrants with a competitive edge over incumbents who have legacy systems – there is a risk of new technology looking for problems to solve vs. creating technology to address identified obstacles.
- Categories
- Uncategorized
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Paytm to merge its mobile wallet service with its payments bank in India
One 97 Communications, the parent company of digital payments provider Paytm is preparing to merge its wallet service with the eponymous payments bank-- the licence for which is owned by its founder Vijay Shekhar Sharma— once it receives regulatory approval.
- Categories
- Technology
- Region
- South Asia
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How Catalyst Fund Helped PayGo Energy Build a Foundation for Growth
As startups move past a proof of concept and start to scale, they require whole new sets of systems, operational processes and skills that will allow them to grow and expand. A well-thought-out backend system can help make the transition, but building it requires a team with the technical expertise to implement the right changes.
- Categories
- Finance, Technology
- Tags
- fintech, microfinance
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Grameen Foundation lndia Launches G-LEAP e-Learning App
Grameen Foundation India, a technical services provider dedicated to advancing financial inclusion, launched Grameen Learning Program (G-LEAP), a first of its kind e-learning app for microfinance institutions which enables any-time, any-where learning. Powered by Handytrain, the app will help organizations train frontline microfinance staff and agents quickly and cost-effectively, anywhere and at anytime.
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- Technology
- Region
- South Asia
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Indians Skipping Plastic Money, Leapfrogging to Mobile Wallets
Unlike the West, Japan and China, which slowly graduated from landline to cordless to cellular telephony and from cash to plastic to mobile payments mode, India has virtually skipped the intermediate stages — cordless telephones and plastic money — of this technological revolution and jumped into cellular telephony and digital banking transaction.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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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.
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- 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.
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- 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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