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Nobody Reads Privacy Policies: Why We Need to Go Beyond Consent to Ensure Data Privacy
We all “say” we read the privacy policies when we agree to the terms and conditions on websites and apps - but up to 97% of people don't actually read them. And even if we read them, few of us can understand the legalese. Now that the age of Big Data has reached emerging markets, and digital tech makes obtaining and monetizing user data easier than ever before, this lack of data privacy is a growing concern. David Medine and Gayatri Murthy at CGAP explore the problem – and some innovative tools that can help protect the world’s newest and most vulnerable digital consumers.
- Categories
- Finance, Technology
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Visa and MFS Africa Team on Digital Payments
“Africa is adopting a mobile-led, digital payments ecosystem and with Visa looking to accelerate the distribution of payment credentials and expand the acceptance space for digital payments, this partnership is an important one,” says Jack Forestell, chief product officer, Visa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand Rises for Services for Unbanked
Albo offers online banking services to the country’s large unbanked population, and permits customers to open an account online within minutes and get a prepaid Mastercard tied to a phone app.
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- Finance
- Region
- Latin America
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Press Release: QuickCheck partners with Jumia & PayAttitude for further Financial Inclusion in Nigeria
QuickCheck’s affiliation with Jumia will allow customers to easily take loans on a mobile app they are already actively using.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Tech Revolution in Financial Inclusion is Excluding Last-Mile Customers: Here are Four Ways to Reach Them
The world is experiencing a surge in internet access, with almost 300 million new users in 2019 – and this growth is happening especially in developing countries. But in many communities, this access is unreliable and unevenly distributed, say Rodrigo de Reyes and Mauricio Romero at Fundación Capital – and this has serious repercussions for digital and financial inclusion. They explore four key ways to deal with this challenge when serving last-mile customers.
- Categories
- Finance, Technology
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Africa’s Fintech Boom Is Creating Niche Ecosystems to Power the Industry’s Future Globally
Johannesburg, Cape Town, Nairobi and Lagos all rank among the top 100 cities for fintech ecosystems, keeping with a trend which sees nearly half of the top 100 cities located in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
"Traditional banks claim that credit in Brazil is expensive because of delinquency rates; but in reality, delinquency is high because the country has the highest interest rates in the world. It is a perverse and vicious cycle, and a difficult one to overturn. That’s why we are rebels: Our goal is to break up with this loop and start a new and virtuous cycle.”
- Categories
- Finance
- Region
- Latin America
- Tags
- fintech
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Lessons From M-Pesa for Africa’s New VC-Rich Fintech Startups
Over the last decade, Africa has been in the midst of a startup boom accompanied by big growth in VC and improvements in internet and mobile penetration.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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