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Is Universal Financial Access Still Possible?
The most recent Global Findex survey shows 515 million adults have opened bank accounts since 2014. While that's good progress, Daniel Monehin, who heads Financial Inclusion for Mastercard, points out that owning an account is just the first step towards financial inclusion - the real value comes with being able to use it in a safe and convenient way. That's why universal financial access must go hand-in-hand with efforts to drive usage, writes Monehin, who urges the sector to focus on people, products and partnerships.
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- Finance, Technology
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MTN expands financial services offering with Ecobank deal
MTN is moving further into the financial services space, announcing a partnership with major Pan-African banking group Ecobank.
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- Finance
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M-Pesa, Paypal deal to jolt Equity’s control
On market trends, the deal is likely to be a blow to Equity Bank which has dominated the Paypal transaction market in the Country since 2013.
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- Finance
- Region
- Sub-Saharan Africa
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Asian Development Bank Report Looks at Impact of Digital Technologies on Remittances
Governments and international organisations can help create an enabling environment in digital finance to improve the remittance process and also have positive externalities such as financial inclusion.
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- Finance
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Ghanaians to make int’l payments with mobile money as MTN partners Google
The Chief Executive Officer of MTN Ghana Ebenezer Asante has revealed that subscribers of MTN mobile money can now pay for any transaction across the world through the Google platform.
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- Finance
- Region
- Sub-Saharan Africa
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How immigrants are driving digital transformation of U.S. remittances
There are about 43.7 million immigrants in the United States, and remittances sent from here by foreign-born immigrants rose to $66 billion from $50 billion over the past five years, according to the World Bank.
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- Finance
- Region
- North America
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International remittances to exceed $600bn in 2018
The World Bank estimates that global remittances will grow by 3.4% to $616 billion in 2018. Sub-Saharan Africa, with an average cost of 9.1%, remains the highest-cost region, it says.
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Press release: TRANSFAST Partners With Bangladesh BRAC Bank and bKash Mobile Wallet for Global Money Transfers
Bangladeshi expatriates around the world can now send cross-border remittances to bKash Mobile Wallet users at any of TRANSFAST'S 200,000 payout locations in more than 120 countries. The funds can be either cashed out via bKash agent locations in Bangladesh, or can be utilized to make person to person fund transfers, top-up mobile airtime, pay bills, and shop in-store. TRANSFAST is the first money transfer company to partner with bKash to provide this service in Bangladesh.
- Categories
- Finance
- Region
- South Asia