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African Money Transfer Firms Thrive as Pandemic Spurs Online Remittances
Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small perfume business he set up in South Africa. Then the pandemic struck. Borders closed. The buses he had used to send his cash stopped running.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Deutsche Bank: Is Egypt the New Darling of Emerging Markets?
The Egyptian economy is among the very few emerging markets (EMs) that is growing, and would continue to grow next year despite the novel coronavirus (COVID-19) pandemic shock, according to a new report released by Deutsche Bank.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Payments Fintech dLocal Raises $200 Million, Emerges as LatAm Unicorn
The company is planning on using the funding to boost growth by targeting 13 new markets over the next 18 months. The regions included Africa, Southeast Asia and Central America.
- Categories
- Entrepreneurship, Finance, Technology
- Region
- Latin America
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Asian Development Bank Supports Philippines Financial Inclusion Reforms With $300 Million Loan
ADB’s Inclusive Finance Development Program, Subprogram 2, is supporting reforms to help the government reach targets linked to the National Strategy for Financial Inclusion.
- Categories
- Finance
- Region
- South Asia
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The Game-Changing Potential of a Regulatory Sandbox: Why Creating a Safe Space for Digital Innovation Is a Necessity for Financial Inclusion in Bangladesh
While Bangladesh has made notable progress in accelerating financial inclusion, around 50% of Bangladeshis still remain unbanked. As Jakirul Islam at Bank Asia points out, this highlights a need for more technological disruption – and more regulatory innovation. He explores the potential of a “regulatory sandbox” approach, in which the government provides a safe harbor for businesses to test inventive new products, services and business models.
- Categories
- Entrepreneurship, Finance, Technology
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Press Release: Asian Fintech Firm TrueMoney Partners With Thunes, a Global Cross-Border Payment Network, to Expand Its Global Remittance Services
The partnership will transform the way people pay, send, and receive money in SEA, enabling TrueMoney's 58 million users to receive remittances across 100 countries.
- Categories
- Finance, Technology
- Region
- South Asia
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Analysis: Could Digital Currencies Make Being Poor Less Costly?
Blockchain-based payment systems can bring the more than 1.7 billion people who are unbanked or underbanked (including 25% of U.S. households), into the formal economy. And in doing so, they can render obsolete the expensive, usurious payment and informal financial services those people use to make ends meet.
- Categories
- Finance, Technology
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Liberia: MTN Liberia Launches International Remittances Direct to Mobile Money Accounts
Lonestar Cell MTN, one of Liberia's leading GSM and Mobile Financial Services companies, announces that, as of August 3, 2020, Mobile Money customers can receive money from their family and friends anywhere in the world directly to the MoMo accounts, free of charge with the launch of International Remittances.
- Categories
- Finance, Technology
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