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Money20/20 Launches Rise Up Program to Foster Gender Inclusivity Within the Financial Services & Fintech Industries
Money20/20 also revealed that Rise Up was created in partnership with Wnet (Women’s Network in Electronic Transactions), the premier professional organization for women in payments.
- Categories
- Finance
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Nigerians Bury Cash in Backyards as Mobile Money Stumbles
Financial inclusion in Nigeria -- which vies with South Africa as the continent’s biggest economy -- has gone backward as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Exclusive: Kenya’s Safaricom taking M-Pesa to Ethiopia, sources say
M-Pesa could transform Ethiopia’s economy, as it has done in Kenya, by allowing people to sidestep a decrepit and inefficient banking system and send each other money and make payments at the touch of a button.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Two Kenyan banks lose $0.86 million to hackers in a month
Kenyan banks are believed to have lost at least $860,000 to hackers in the past one month, which has seen two lenders temporarily terminate their mobile and online banking services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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MyBucks Piloting Fintech in New Markets with Novel AI Credit Scoring
While MyBucks is currently listed on the Frankfurt Exchange, operating across Africa and Asia Pacific while at the same time actively promoting its portfolio at forums such as the European Microfinance Awards (2017 Financial Inclusion Award Winner) and at the American Banker Digital Banking Summit, it’s clear that their growth so too reflects the industry.
- Categories
- Finance
- Region
- Europe & Eurasia
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Ugandan Government Reviewing Controversial Mobile Money Tax, says PM Rugunda
"Government is now reviewing the taxes taking into consideration the concerns of the public" and an amended bill will be debated on July 19, said Rugunda.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Don’t Throw the Banks Out with the Bathwater: Why the 2017 Findex Shows Opportunity for Microfinance Institutions
The World Bank's most recent Global Findex report has cast significant doubt on the lofty goal of universal financial access by 2020. Signs point to the slowing of financial inclusion in many places, raising questions as to how regulated microfinance institutions should respond to the emergence of mobile money and other fintech disruptors. After examining the numbers, here’s why Scott Graham of FINCA International argues that traditional banks still serve a vital purpose.
- Categories
- Finance
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An Isolated Country Runs on Mobile Money
The continent, home to many of the world’s frontier economies, has come closest to skipping, or “leapfrogging” as it’s often called, traditional brick-and-mortar banks and going straight to heavily using phones as wallets.
And nowhere are the benefits of mobile money more apparent than in Somaliland, where the extreme economic and financial conditions have allowed Zaad, a service from the main local telecom, Telesom, to catalyze commerce in one of the most isolated parts of the world.- Categories
- Finance
- Region
- Sub-Saharan Africa
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