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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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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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