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World Economic Forum Recommends Adopting Clear and Actionable Cybersecurity Guidelines for Fintech Firms
The Fintech Cybersecurity Consortium has been tasked with identifying how organizations can simplify their baseline cybersecurity requirements for Fintech services.
- Categories
- Finance, Technology
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As Users Game the System, Telcos/Banks Rue ‘Mobile Money Freebie’ in Kenya
The date was March 16, 2020, and cases of the novel coronavirus had just begun to spike in Kenya. Following recommendations from the government urging less use of cash as a precaution against the virus, Kenyan banks and mobile money platforms had been forced to become generous, sort of.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Kenya Is Doubling Down on Regulating Mobile Loan Apps to Combat Predatory Lending
The country’s central bank is proposing new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN Cameroon to Soon Offer Mobile Savings and Loans Services
it will serve as the intermediary connecting users with financial institutions as is the case in Ghana with MTN Ghana and Kenya with M-Shwari.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Facebook’s WhatsApp to Partner with More Indian Banks in Financial Inclusion Push
“We now want to open up with more banks over this coming year to help simplify and expand banking services, especially to the rural and lower-income segments,” Abhijit Bose, WhatsApp’s India head told a fin-tech summit via a webcast.
- Categories
- Finance
- Region
- South Asia
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Ghana Mobile Money Interoperability Transactions Rise 400 Percent in Six Months
The huge jump in the MMI volume could be attributed to increased awareness that funds can now be transferred across wallets of different telecommunications networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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GSMA Launches Mobile Money Interoperability Test Platform Driving Financial Inclusion in Africa
In Africa over 50.7 million new registered mobile money accounts were opened in 2019-20 alone, taking the total number of registered accounts in the region to 481 million. The total transaction volume and value for mobile money accounts during this period was 24 billion and $461 billion (up by 20% and 27%) respectively.
- Categories
- Technology
- Tags
- fintech
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In Malawi, Residents Use Debit Cards, Mobile Money, To Pay For Water
The project has been implemented in communal water points in peri-urban areas. The initiative can, however, limit the have-nots’ access to water. Social activists have criticized the innovation saying that it robs residents of the right to water.
- Categories
- WASH
- Region
- Sub-Saharan Africa
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