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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, mobile money, MTN, regulations, taxes
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Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers
Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.
- Categories
- Finance, Technology
- Region
- South Asia
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The Emergence of ‘SupTech’ – And How it Can Move Past the Experimentation Stage
“Suptech” describes tech innovation that enhances regulators' supervision of financial service providers. According to Arend Kulenkampff at BFA, it is leveraging Big Data and Artificial Intelligence to radically improve the oversight capacity of financial authorities and lessen the regulatory burden for providers, boosting financial innovation and inclusion. But as the suptech field develops, questions are emerging about exactly what it includes – and whether it's stuck in experimentation mode.
- Categories
- Finance
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Debt Relief a Double-Edged Sword for South Africans Living on Loans
The situation of people like Rivele shows both the potential benefits - and unintended consequences - of a new law signed by President Cyril Ramaphosa in August, aimed at protecting vulnerable borrowers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: How Aadhaar Bill Will Benefit Startups and the Fintech Segment
With the all-new Aadhaar Bill, the startup ecosystem has breathed a massive sigh of relief.
- Categories
- Finance, Technology
- Region
- South Asia
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Zimbabwe Turns to Mobile Money Regulations in Bid to Stem Currency Plunge
The Reserve Bank of Zimbabwe on Monday stopped operators of mobile-money services, the dominant way in which money is moved in the country, from paying out cash.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Indian Government Expands Scope of CSR Spending
Till now, companies were allowed to provide CSR funds to technology incubators located within Centre-approved academic institutions.
- Region
- South Asia
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India’s Microfinance Industry To Self-Regulate With Code For Responsible Lending
Manoj Nambiar, Chairperson, MFIN, said: “This is a significant self-regulatory step across all RBI-regulated entities and others that aims at safeguarding the interests of low-income customers through enhancing transparency and compliance."
- Categories
- Finance
- Region
- South Asia
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