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This Colombian town is trying to get rid of cash — but it’s not so easy
A town of 5,000 is trying to become the first in Latin America to entirely phase out cash and rely solely on digital currency.
- Categories
- Uncategorized
- Region
- Latin America
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Citibank, MasterCard Launch Digital Wallet for Debit, Credit Card Customers in India
Citibank India and MasterCard have launched digital wallet Citi MasterPass for both debit and credit card customers to be able to shop online at over 250,000 e-commerce merchants.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Crowdfunding Is Impacting the Global Economy
Innovation means creating something that makes a process or product more efficient. The result can be a price reduction passed on to consumers in the short run, or an increase in the speed at which a business operates. Ultimately, innovation serves as the backbone to overall economic and societal growth and can elevate standards of living. Today, equity crowdfunding is a one of these innovations.
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- Uncategorized
- Tags
- crowdfunding
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Central Bank of Nigeria Sets Aside N252 Billion For Women-owned Businesses
According to the CBN , the facility is dedicated to small and medium-scale enterprises (SMEs), and is meant to deepen and increase access to credit and reduce the high cost of funds for women-owned businesses across the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Point of Sale Base Growing Rapidly in Developing Countries
Mobile point of sale (mPoS) growth continues as the technology deepens its reach across vertical industries, merchant tiers and geographies.
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- Uncategorized
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Singapore Fintech Out to Empower Asia’s Unbanked
For most of us including Singaporeans, not having access to credit and debit cards is almost unheard of. Beyond the Little Red Dot though, citizens in Asia, Africa, Latin America and the Middle East continue to transact with cash and coins. They are the world’s unbanked who have minimal contact with banks and financial services. Though the unbanked make up about half of the world’s adult populace today, emerging financial technology startups including Singapore fintech startups are amplifying efforts to bring financial inclusion to the unbanked right at their fingertips.
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- Uncategorized
- Region
- South Asia
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Tencent’s WeBank Finds Sweet Spot in Microloans in China
Seven months after its launch, Tencent-backed (00700.HK) WeBank is showing off some of its first financial accomplishments that hint at the direction it may take as it carves out a place in China’s banking sector.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Islamic banking consistently expanding in Pakistan
Last week, the State Bank of Pakistan granted its first license to a micro-finance bank and brought it into the Islamic mode.
- Categories
- Uncategorized
- Region
- South Asia
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