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Financial Inclusion Week: Reflection and Action from Three Leading Voices
Today, the Center for Financial Inclusion is wrapping up Financial Inclusion Week. The intention for the week was to ask some soul-searching questions about what it means to be inclusive – and about how financial access in the age of fintech can impact the lives of millions, for good or ill. We caught up with three leading voices in the field, asking each of them three key questions focused on what financial inclusion means to them from a personal, organizational and international standpoint.
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- Finance, Impact Assessment, Investing, Technology
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Inclusive Fintech in Practice: Chipper Cash Illustrates Three Keys to Tackling Cross-Border Payments in Africa
Though the mobile money revolution has reshaped East Africa, only around 8% of the region's residents actively send or receive payments across borders. Akansha Kasera at BFA’s Catalyst Fund discusses how Chipper Cash is addressing the need for cross-border transactions through a simple, affordable payments platform. She breaks down what's driving the platform's rapid growth – and what other providers can learn from it.
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- Uncategorized
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A Devil’s Bargain to Bank the Unbanked: Why Financial Inclusion Advocates Shouldn’t Trust Facebook’s Libra
As you've likely heard, Facebook has entered the inclusive finance arena, pitching Libra, a global cryptocurrency – ostensibly to promote financial inclusion. But as Digital Equity co-founder Valerie Khan argues, there are plenty of reasons to doubt Facebook's intentions and Libra's “social good” marketing campaign. In fact, she says, "Facebook is not being transparent about its real interest in Libra" – and both financial inclusion advocates and emerging countries should beware.
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- Finance, Technology
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Making Technical Assistance Work in Africa: Three Keys to Success for Financial Services Providers
It’s not easy delivering data-driven financial services to financially excluded customers in Africa. That’s why technical assistance can be essential to these financial service providers' success. Dumisani Dube at Insight2Impact (i2i) explores the technical assistance programs that i2i provided to seven financial service providers across the continent, and shares what worked – and what didn't.
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- Finance
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Nubank Fintech Grows Client Base By 25 Percent Since August
The largest FinTech startup in Latin America — Brazil’s Nubank — is reporting a 25 percent increase in the number of clients since August, Reuters reported on Friday (Oct. 11).
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- Finance
- Region
- Latin America
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Viewpoint: How Aadhaar Bill Will Benefit Startups and the Fintech Segment
With the all-new Aadhaar Bill, the startup ecosystem has breathed a massive sigh of relief.
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- Finance, Technology
- Region
- South Asia
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Nigeria Is Finally Turning to Telcos to Drive Financial Inclusion Through Mobile Money
Financial inclusion in East Africa has been significantly impacted by the wide adoption of mobile money services—led by Kenya— but the uptake has been slow in Africa’s two largest economies, Nigeria and South Africa.
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- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Airtel and Mastercard Expand Digital Banking Services Across 14 African Countries
Telecoms and mobile money services provider, Airtel Africa announced that it is partnering with Mastercard to give over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network.
- Categories
- Finance, Telecommunications
- Region
- Latin America
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