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Zimbabwe Turns to Mobile Money Regulations in Bid to Stem Currency Plunge
The Reserve Bank of Zimbabwe on Monday stopped operators of mobile-money services, the dominant way in which money is moved in the country, from paying out cash.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Cellulant Wins Global Award; Integrates Into World Economic Forum
The Schwab Foundation award is in recognition of Cellulant’s work in building digital payments and financial services that enable businesses and consumers in critical sectors such as Agriculture, Retail Distribution, Transport, Logistics and E-commerce to access services at the very point where they need them.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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JPMorgan Commits $25M For Altruistic FinTech Services
“This new philanthropic investment follows a $30 million collaboration between the Financial Health Network and JPMorgan Chase over the past five years to identify and develop tools that help people in the U.S. improve their financial health,” JPMorgan Chase said.
- Categories
- Finance
- Region
- North America
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Kreditech, the AI-Based Near-Prime Loans Platform, Nabs $22m Under New CEO to Expand Globally
This is an equity round that it will be using to continue building its business specifically in the latter of those four countries — doubling down on the fact that India is not only one of the world’s biggest economies, but one of the fastest-growing, too.
- Categories
- Finance
- Region
- South Asia
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Cobro Digital in Mexico: (Not) Everyone is Ready, but Here It Comes
The effort centers on financial inclusion for the country. Just 38% of adults in Mexico have a bank account, according to a 2017 World Bank survey, half the rate of other countries with similar per capita income.
- Categories
- Finance
- Region
- Latin America
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Press Release: Indonesian Lending Startup JULO Raises $10M Series A2
“Access to affordable personal loans on a short-term basis is often the difference between a family being able to pay for its daily needs like education, or not,” said Adrianus, co-founder and CEO of JULO. “At JULO, we use proprietary credit scoring technology to put money in the hands of people who need it to pay for education, home improvements, or working capital -- all at affordable rates.”
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Viewpoint: Libra Is an Opportunity to Leapfrog Chinese Fintech to Achieve Cashless Economy
Penetration into offshore markets could accomplish a long-coveted Communist Party goal — replacing the international prominence of the dollar with a yuan-based alternative. If widely adopted, Libra — whose backers include Visa, Mastercard and Paypal — could shut those doors forever.
- Categories
- Finance
- Tags
- cryptocurrency, fintech
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Consortium Releases Technology-Enabled Sustainable Supply Chain Finance Model
The aim of the model is to drive more transparency in global supply chains and encourage sustainable production processes through supply chain finance.
- Categories
- Finance, Technology
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