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The Quadrennial Quandary: Mobile financial inclusion still on an upswing, but women still face connectivity challenges
Going forward, the report highlights that the continuous involvement of businesses will be vital for unlocking opportunities to enhance financial inclusion.
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China takes a swipe at the fintech sector
Beijing has spent years sitting back and encouraging its powerful fintech firms to create and innovate. But it is starting to crack down on parts of an industry that it feels may have grown too far too fast, starting with peer-to-peer lenders.
- Categories
- Finance
- Region
- Asia Pacific
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China’s Great Leap Forward in Global Mobile Payments
Paradoxically, it was the country's reluctance to adopt conventional banking that led to almost universal adoption of mobile payments.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: SmartPesa announces ICO for new Blockchain solution that provides secure credit scoring data for SMEs
Accounting for 90% of companies, SMEs in emerging markets act as key drivers of economic development and generate nine out of 10 jobs. But 40% of these companies lack access to credit, creating an annual funding gap of $5.2 trillion. SmartPesa Credible is built using Blockchain technology to provide credible Know Your Customer (KYC) information, self-declared business data and cash flow statistics on a transparent, distributed and auditable platform.
- Categories
- Finance
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One of World’s Fastest Growing FinTech Startup Launches Its First Engineering Hub in India
Tala plans to build India as the hub for its Asian operations, and the Bangalore team will play an integral role in executing Tala’s vision for the market in the region.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, mobile finance
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Phone becomes a throw-in for mobile wallet app in South Africa
MyBucks, a company headquartered in Luxembourg that publicly trades in Frankfurt, was founded in 2011 to make microloans to small businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rising wave of e-frauds puts Nigerian economy at risk
Recently, Nigerian banks were among the ones targeted by the North Korean hacker, Lazarus. The Central Bank of Nigeria, CBN, rates e-fraud as the biggest risk in the sector which has widely incorporated electronic payment solutions such as Automated Teller Machines, ATMs, NIBBS Instant Payment, NIP, and mobile banking.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Is Financial Inclusion Stalling? The 2017 Findex Results Raise Several Red Flags
The Global Financial Inclusion Database (Findex) - one of the most authoritative yardsticks on the state of financial inclusion - finds that 69 percent of the world’s adults now have bank or mobile money accounts. But while that's an exciting headline, it's also misleading, as millions of those newly opened accounts are lying dormant. And that's just one reason why industry stakeholders have found the latest Findex data underwhelming. Elisabeth Rhyne and Sonja Kelly at the Center for Financial Inclusion at Accion unpack some of the troubling stats – and highlight a few bright spots.
- Categories
- Finance
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