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Analysis: Kenya Is Becoming a Global Hub of Fintech Innovation
Powered by smartphones and social apps, China has used remote payments and the digitization of money management to build a steady vehicle of financial inclusion. But it may not be the leader for long.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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With Over 1.3 Million Users, Nigerian-Based Fintech FairMoney Wants to Replicate Growth in India
There are more than 1.7 billion underbanked people globally, the majority of which are from emerging markets. For them, accessing loans can be difficult, which is a problem fintechs try to solve. One way they do this is by promoting financial inclusion by underwriting credit via a proprietary algorithm.
- Categories
- Finance, Technology
- Tags
- fintech
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MTN Teams up With Mastercard on Mobile Wallets in Africa
Africa’s leading mobile operator MTN has partnered with payment platform Mastercard to add online payment functions to its mobile wallet for user across its fintech footprint.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Kenyan Startup Finplus Passes $500 Million Transaction Value Mark
Kenyan fintech startup Finplus Group has announced its software has now processed over US$503 million in combined transaction value in less than four years of operations.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: BharatPe Raises USD $108 Million in Series D Funding at USD $900 Million Valuation
BharatPe, India’s leading financial services company for merchants, today announced that it has raised US$ 108 mn in Series D equity round, at a valuation of US$ 900 mn.
- Categories
- Finance
- Region
- Asia Pacific
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How Digital Technology Is Reshaping Rural Microfinance
“When most people think of microfinance, they think of group-lending programs or maybe even mobile money systems like M-Pesa,” said Carter. "But there are other opportunities with mobile phones, satellites and other digital technologies to enhance access to small scale financial services to low-wealth rural households in developing countries.”
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenya: Women Pay More to Access Mobile Money Services
According to the report, Payments System Design and the Financial Inclusion Gender Gap, the study conducted in major towns across the country shows a strong gender bias in transaction fees, with women paying about Sh11 per peer-to-peer transaction, compared with Sh7 for men, on average.
- Categories
- Impact Assessment, Telecommunications
- Region
- Sub-Saharan Africa
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COVID-19 Knocked $200 Million off Remittances Last Year in Uganda
Remittances fell by $200m for the year ended December 2020, highlighting the impact of Covid-19 within and without Uganda.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa