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National Bank of Kenya and WorldRemit’s join monetary forces
The newly-formed allegiance sees a partnership which will enable Kenyans living abroad to make instant transfers to Kenya.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Western Union targets Africa mobile remittance push
Reporting from a press conference in Nairobi, The Star said the company was also set to create an Africa-focused app to ease the process of transferring money through mobile handsets.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Mobile money is only just starting to transform some of Africa’s markets
Mobile money adoption in Africa outpaced growth in the rest of the world, with over half of all services globally and more than 40% of adults in active use.
- Categories
- Financial Inclusion, Technology
- Region
- Sub-Saharan Africa
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Global Remittances Conference has named Africa as the most expensive place to send money globally
“The absence or weakness of a digital payments infrastructure and acceptance network, a financially included population, and/or an identification system means that many of the traditional acceptance services, such as terminating into a bank account or mobile wallet, are not always available,” the report says.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Huawei Agrees to Deal to Help African Expats Send Money Home
The deal will let Huawei and WorldRemit tap into growing demand for money transfers from Africans living abroad using mobile-payments services, which are popular in places where banks are scarce or unreliable.
- Categories
- Financial Inclusion, Technology
- Region
- Sub-Saharan Africa
- Tags
- Africa, migrants, mobile money, remittances
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Why cross-border payments are the next innovation frontier
Market analysts have predicted that cross-border payments are the next frontier where innovative technologies will challenge the existing expensive, clunky business models.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Post offices are key to scaling up remittances and financial inclusion in Uganda
The new project, “Scaling Up Remittances and Financial Inclusion in Uganda,” will provide remittances services in poor rural communities as well as in refugee settlements, many of which are taking in those fleeing conflict and food insecurity in neighbouring South Sudan.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Payment Startups Lead Way In Africa’s Booming FinTech Scene
The report finds there has been a boom in the fintech space over the last two years, with more than half of the fintech startups currently operating launching after January 2015.
- Categories
- Financial Inclusion, Technology
- Region
- Sub-Saharan Africa
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