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MobiCash Launches MobiSpaza in South Africa
The new platform is a spaza sector-focused mobile platform and is an inclusive business tool that builds bridges between spaza sector stakeholders, such as private corporations, state-owned entities, co-operatives, and not-for-profit organizations, and the township communities they serve.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Building Tools to Measure How, and How Much, Consumers Benefit from Financial Inclusion
It's easy to affirm that financial inclusion is increasing. It's more difficult – because of a lack of reliable and actionable tools – to determine how adults derive value from financial inclusion. To address that need, insight2impact recently developed and tested a needs measurement framework concept that takes users’ actual usage patterns into consideration.
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- Uncategorized
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Fintech companies take on banks, telcos with big data arsenal in Africa
Developing markets such as Kenya do not yet have the levels of Internet penetration and e-commerce sophistication to attract these online giants turned fintech entrepreneurs. At the same time, a stable of local fintech companies are sprouting and they are expected to mature as fast Internet becomes more affordable and as Kenyans embrace shopping and banking online.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Zimbabwe cash crisis hits microfinance institution GetBucks
“When we do have cash we have been able to disburse money, but particularly bond notes that we are receiving from the Reserve Bank of Zimbabwe. It differs daily based on demand so on one day it can be $30, $50 and $100. Its similar with what is prevailing in the market,” Soko said.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Intellecap CEO Nisha Dutt gets social entrepreneur of year award
Nisha Dutt, Chief Executive Officer of Hyderabad-based Intellecap has been honoured with the “Social Entrepreneur of the Year” award at The 7th Asian Awards in London.
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- Uncategorized
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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
- Uncategorized
- 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
- Uncategorized
- Region
- Sub-Saharan Africa
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Wider, deeper VC investment needed for Indian and African mobile money firms, says Gates Foundation report
In excess of 233 million and 60 million people in India and East Africa respectively still lack formal bank accounts and 50% of small businesses don't have access to formal credit. Financial technology (fintech) enabled firms such as M-Pesa in Kenya, which provides mobile payment, saving and credit facilities to 30 million people in East Africa, and the Paytm giant mobile m-commerce operation in India that claims 200 million users, are still the exception in terms of providing access to financial services for poor people.
- Categories
- Uncategorized
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