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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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Android Pay now used for international P2P transfers, courtesy of WorldRemit
This is a first for Android Pay, which up to now has been used for in-app and contactless payments and to make P2P transfers to people in the same country, but never international P2P money transfers.
- Categories
- Financial Inclusion, Technology
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Mobile money flourishing in Myanmar
Young migrant workers throughout the country use mobile money to make remittances to families back home. In Myanmar, only 20% of the population has a bank account. Thus, unbanked people often just carry stacks of cash when returning home.
- Categories
- Financial Inclusion, Technology
- Region
- Asia Pacific
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World Telecom Day: How data holds the key to sustainable development goals
The world is experiencing a data deluge with millions of devices and things talking to each other. According to one estimate, 90% of this data was created in the last few years only. As Eric Schmidt famously said, “There were 5 Exabyte of information created between the dawn of civilization through 2003, but that much information is now created every 2 years”.
- Categories
- Financial Inclusion, Technology
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