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Telcoin wants to bring cryptocoins to the ‘unbanked’
There were more than 900 cryptocurrencies floating around the planet midway through the year, with a jumble of serious and weird names (InsaneCoin. Cabbage. VGINA). And now here’s another one: Telcoin.
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- Inclusive Fintech, Technology
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GSMA launches industry guidelines on international remittances through mobile money
Because of its reach and growing use among underserved people, mobile money is uniquely positioned to transform formal remittance markets and to advance financial inclusion.
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- Inclusive Fintech
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It’s Not Just About Price: Innovative Solutions to Africa’s Remittances Problem
Through remittances, millions of migrants in developed countries support the basic needs of loved ones in their home countries. But with limited alternatives available, substantial costs are incurred – particularly in Africa where the average cost of sending money is 9.8 percent. Barry Cooper at Cenfri looks at some innovations that have the potential not only to decrease high fees, but to increase access beyond urban areas.
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- Uncategorized
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Huge remittances milestone for Africa as TerraPay gets South Africa license
A mobile payments and remittances startup called TerraPay may have achieved what could turn out to be a huge industry milestone in the remittances space in Africa. The startup announced today that it has secured a license from the Reserve Bank of South Africa to conduct low-value international money transfers in the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fintech can cut remittance costs to a fraction
An estimated 800m people around the world are now directly reliant on remittances. According to research by the International Fund for Agricultural Development, global remittances to developing countries increased by 51% between 2007 and 2016 to reach almost half a trillion dollars a year – although the number of migrant workers from the countries in question rose by only 28% over the period in question.
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- Technology
- Region
- Sub-Saharan Africa
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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.
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- Uncategorized
- 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
- Uncategorized
- 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
- Technology
- Region
- Sub-Saharan Africa
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