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Mobile lenders drive microfinance entities to early grave
The zenith of microfinance lending in Kenya, as perfected by institutions such as Kenya Women Microfinance Bank saw many poor borrowers saddled with untenable debts.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How Informal Employment in Emerging Markets is Boosting Fintechs in Alternative Lending
The informal sector, which official GDP does not reflect, holds a significant share in the economies of developing countries. At the same time, if the volume of goods and services produced informally is rarely more than 40 percent of the official GDP, then the share of people employed off the books can be incomparably higher.
- Categories
- Finance
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M-Pesa to offer cash advances to clients
Safaricom users can now pay for goods and services even when they lack enough funds, piling pressure on conventional banks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why the next big thing in fintech is not mobile payments
The next big thing in fintech isn’t mobile payments – it’s data.
- Categories
- Finance
- Region
- Asia Pacific
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Telenor Microfinance partners with Alipay for Pakistan blockchain remittances
The service is provided by Telenor’s mobile banking service Easypaisa in Pakistan and another subsidiary Valyou in Malaysia. The aim is to make payments real-time, 24/7 and more efficient.
- Categories
- Finance
- Region
- South Asia
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Nigeria Softens Rules Shielding Banks From Wireless Rivals
The central bank may have realized it can’t rely on lenders alone to achieve its objective of extending services to the 50 million adults still without a bank account in the nation of about 200 million people.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why fintech in India needs to start counting for the unimaginable 2020
2020 will also be the year of action for SME and MSME banking. Despite playing a pivotal role in the country’s economic growth, the SME market remains relatively underserved with banks.
- Categories
- Finance
- Region
- South Asia
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Indonesia tightens screws on peer-to-peer lenders
Registered P2P companies are blaming the problem on illegal players, which OJK officials said are hard to control and often come from abroad, including China, Thailand and Malaysia.
- Categories
- Finance
- Region
- Asia Pacific
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