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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
- Region
- Latin America
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Africa’s Most-Populous Nation Missed the Mobile Money Revolution
Nigeria is a laggard in a region that accounts for half of the world’s 866 million mobile banking and payment accounts.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Building The ‘Super App’ For The African Market
Tingg is taking a layered approach to the market, catering to different customers and business segments. Bill payment is a starting point, but the services on offer are relevant to banking, eCommerce, hospitality, food, travel, logistics and agriculture. In short, anywhere funds need to flow, Tingg aims to be the hub that makes it possible – and from as many locations as possible.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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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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Online Banking Still a Reserve for the Rich in Kenya – Survey
People in higher income brackets use their phones to obtain more information on products and services before purchase, and across all income brackets, users regularly keep track of their online fund balances.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Melinda Gates Pushes G7 to Close Digital Gender Gap in Africa
G7 finance ministers meeting in France are to endorse a paper from the Gates Foundation saying there is a serious risk that digital technology and mobile banking will bypass millions of women in Africa, leaving them disempowered for a generation.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenya Is Mobile Cash King but Ghana and Rwanda Lead in Reach
This means that seven out of every 10 Kenyans are using their mobile phones to access their bank accounts for services to save or get loans coinciding with a change by the lenders and micro-financiers to adopt mobile and digital platforms that cut on operational costs.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenyan Consortium Launches Mobile Banking App
CBK Governor Dr. Patrick Njoroge said, "Until now, lending to MSMEs has been constrained by the lack of reliable information to assess their creditworthiness. The innovation in this product is the use of all data on customers' transactions to fill this gap. In that sense it is revolutionary."
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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