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Fidor, IFC partner to expand digital financial inclusion in Africa and Latin America
Digital banking services provider Fidor has signed a memorandum of understanding (MoU) International Finance Corporation (IFC), a member of the World Bank, to expand digital banking services in Africa and Latin America.
- Categories
- Finance
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South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco
JUMO leverages the mobile networks to provide loans and savings-products to its customers. It has developed a credit scoring algorithm which helps customers to unlock the value of their digital footprints by giving an accurate estimation of their creditworthiness.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MyBucks and Naga Group Team Up to Bring Cryptocurrencies to Emerging Markets
Fintech firms MyBucks and the Naga Group have announced a new partnership to implement Naga’s cryptocurrency wallet within MyBucks’ client interface and existing mobile wallet, enabling some 1.5 million users across Africa, Australia and other countries to manage, send and receive cryptocurrencies.
- Categories
- Finance, Technology
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MetLife Foundation Awards $2.5 Million Grant to The Financial Clinic to Bring Financial Security to Jobseekers Nationally
The Financial Clinic (the Clinic) announced April 11 the launch of WorkBOOST National, a three-year initiative that will bring financial security approaches to scale, made possible by a $2.5 million grant from MetLife Foundation.
- Categories
- Finance
- Region
- North America
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GSMA unveils mobile money mark of excellence
Mobile money services will be independently tested against several criteria to determine if they deliver secure, reliable financial services. This includes elements around protecting consumer rights, while also combating money laundering and preventing the financing of terrorism.
- Categories
- Finance
- Tags
- fintech, mobile finance, regulations
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A ‘miracle’ in India will disrupt e-wallets and incumbents
As countries around the globe endure fragmented payment markets, where citizens and businesses suffer from cash dependency, poor accessibility, high transaction costs and low interoperability between different payment systems, India’s Unified Payment Interface presents a miracle model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion.
- Categories
- Finance
- Region
- South Asia
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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.
- Categories
- Finance
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Viewpoint: Stop talking about financial inclusion. Identity inclusion must come first
When it comes to financial services, we tend to think that proving our identity begins at the credit bureau or bank branch, as a necessary step in the process of building up a credit history. But that’s back to front: identity and financial services intertwine well before this point.
- Categories
- Finance, Technology
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