-
G7 Urges Tough Libra Regulation, Agrees to Tax Digital Giants
In a summary of the informal G7 talks in Chantilly, north of Paris, the French presidency said the ministers and governors had agreed that “stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns”.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
-
PayPal Fires up “Ripple-Killer” Xoom App for International Payments
The mobile payments app offers next-day money transfers at fees lower than its main payments platform PayPal. According to the website, transfers on Xoom cost around $4 in Europe and $9 to countries further afield.
- Categories
- Finance
- Region
- Europe & Eurasia
-
Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific
-
Why Payment Fraud is a Critical Threat to Financial Inclusion – And How Mojaloop is Making it Worse
The next key step in financial inclusion is payment interoperability, in which digital finance providers’ networks are connected to enable transactions between users of different systems. But though interoperability has major potential for the sector, it also comes with huge risks, says Clear Purchase founder Nick Brown, an expert in payment infrastructure. He explains why a massive payment fraud attack could do substantial and long-lasting damage to the financial inclusion movement, and how an open-source platform like the Gates Foundation's Mojaloop increases the risk.
- Categories
- Finance, Technology
-
Two Companies Approved To Run South Sudan’s First Mobile Money Platform, m-Gurush
Theventure is a joint partnership between South Sudan’s Trinity Technologies Limited, a local tech firm, and Zain Telcoms South Sudan.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
-
Bank of Ghana Asks Mobile Money Operators to Reduce the High Cost of Services
The Bank of Ghana (BoG) has urged mobile money operators to reduce the cost involved in the transaction of business on the mobile money platform.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Report: Countries are Broadly Embracing the Opportunities of Fintech to Boost Economic Growth and Inclusion
Financial inclusion is one of the core themes throughout the document. Hundreds of millions of individuals are underbanked or simply unbanked around the world. Fintech can streamline the process in providing fully featured services to these underserved communities.
- Categories
- Finance
-
Kenya Regulators Warn MPs on Safaricom Split Bill
The issue of competition in Kenyan market is an issue politicians and regulators have regularly investigated over the last two years, with calls to spin-out mobile money units nothing new.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa