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Does Universal Basic Income Really Work? Understanding the Early Findings from the World’s Largest UBI Experiment, and Their Implications for Financial Resilience
While the concept of Universal Basic Income (UBI) as a poverty solution has been widely debated, there has been limited evidence of its effectiveness. But as Tavneet Suri at MIT and Stella Klemperer at Flourish Ventures explain, that's beginning to change. They share early results from a 12-year randomized control trial exploring the long-term impact of UBI on 23,000 people in 195 villages in rural Kenya — the largest and longest UBI experiment to-date. The findings offer compelling evidence of UBI's impact on financial resilience, and can help inform the design of other UBI and cash transfer programs.
- Categories
- Finance
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Brazilian Payments Firm, EBANX, Expands into 8 New African Countries
Besides Africa, the fintech firm also revealed its plans for further expansion across Latin America and the Caribbean.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ant Group Introduces Ten Asian E-Wallets to China to Boost Cross-Border Mobile Payment
In total, these payment methods reach a population of over 175 million in Southeast and East Asia.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, mobile finance
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Analysis: Safaricom’s Bumpy Ethiopia Ride Has Investors Worried
While it started off well enough, signing up 5 million customers by August, it soon became apparent that Safaricom’s lofty ambitions have exposed managerial, operational, and domestic challenges.
- Categories
- Investing, Telecommunications
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Safaricom Launches M-Pesa Mobile Money Service in Ethiopia
The company is betting that Ethiopia, which has around 120 million people and one of Africa's youngest populations, will power growth for years to come.
- Categories
- Telecommunications
- Region
- Sub-Saharan Africa
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Mobile Money Carrier Nagad Becomes First Fintech Unicorn in Bangladesh
Nagad, a mobile money carrier based in Bangladesh, has emerged as a unicorn startup, becoming the fastest in Bangladesh.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, mobile finance, startups
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Chapa Partners with Telegram to Revolutionize Digital Payments in Ethiopia
This partnership brings a new level of ease and efficiency to the world of e-commerce, benefiting both businesses and consumers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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GiveDirectly Loses $900,000 in DRC Mobile Cash Fraud
More than 1,700 families in DRC’s South Kivu province were impacted by the fraud scheme.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa