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Press release: Airfox Partners with Brazilian Retail Giant on Mobile Blockchain Financial Services
Airfox offers a mobile digital wallet that is already accessible in the Brazilian market nationwide and will eventually also be available in other emerging markets. This new collaboration allows Airfox to extend its mobile digital wallet to Via Varejo's national customer base and drive mainstream adoption.
- Categories
- Finance
- Region
- Latin America
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Mastercard partners with Vodacom to introduce first online card in Tanzania
The virtual card will allow M-Pesa mobile wallet holders to make payments on any local or international website or app where Mastercard is accepted for payment, without the need for a bank account or credit card.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Fintech Predicted to Contribute $150 Billion to Africa’s GDP by 2022
“If you look at the value chain, most of that money is coming out of mobile-phone companies,” Osano said. “So from the other support services the contribution is not much, but is expected to increase as fintech develops to address the financial needs of people or making services more accessible.”
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: FINCA Impact Finance and KfW Announce USD 8.5 Million Subordinated Loan Facility for Democratic Republic of Congo
FINCA Impact Finance is furthering its strategy of diversifying its sources of funding to pursue digital transformation and promote financial inclusion through mobilizing deposits and local currency debt funding. In the past year, it has attracted worldwide attention and interest from the investment community after issuing bond offerings in its subsidiaries in Pakistan, Nicaragua and Armenia, allowing greater flexibility to manage foreign exchange and geographic risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Interest in Cryptocurrencies on the Rise in Latin America
In hyperinflation-crippled Venezuela, privacy-focused cryptocurrency Dash is rising in popularity among locals with some 200 merchants and thousands of wallet downloads per month.
- Categories
- Finance, Technology
- Region
- Latin America
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Mobile Money Surpasses Checks as Leading Method for Non-cash Payments in Ghana
Data released by the Bank of Ghana last week reveals that mobile money is now the leading platform for payments in Ghana outside of cash itself.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Why Nigeria must embrace mobile money and agent banking
Up to 25 mobile money Operators (MMOs) have been licensed since the launch of mobile money service in Nigeria in 2009. Despite this large number of MMOs, high mobile phone and SIM card ownership, mobile money uptake and usage is still low in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Mexico’s new government wants fintech, banks to help financial inclusion
Arturo Herrera, one of two future deputy finance ministers, said in an interview that the lack of financial inclusion was one of the biggest obstacles in the new government’s fight against poverty, inequality and slow economic growth.
- Categories
- Finance
- Region
- Latin America
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