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R2 Closes $15 Million Series A Round to Provide Frictionless Credit to Small Businesses
87% of credit demand by small businesses in Latin America is unmet, and R2’s goal is to change this reality through an embedded lending infrastructure.
- Categories
- Finance, Technology
- Region
- Latin America
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Why Credit is Key to Unlocking Africa’s Consumer Markets and Boosting Economic Growth
Africa’s consumer market is one of the fastest-growing in the world. But as Fehintolu Olaogun at CredPal points out, this growth has primarily occurred without consumer credit, as most sub-Saharan African economies remain cash-driven at the retail level. He explains why African markets need the kind of organized credit systems that are enjoyed by consumers in more developed markets, and explores the impact that credit access can have on e-commerce, informal commerce and overall economic growth in the region.
- Categories
- Finance, Telecommunications
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Analysis: Payment Service Banks: A Game-Changer for Financial Inclusion in Nigeria
Payment service banks are modelled on India’s Payment Banks, with a vision to similarly provide platforms for facilitating high-volume, low-value transactions in remittance, micro-savings, and withdrawals, in a secure technology-driven environment.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Data-Driven Experiences Critical to Bank Success as Industry Reaches ‘Inflection Point’ in Race for SME Customers
The race for SME (small and medium enterprise) customer primacy has reached a critical inflection point, according to a new guide from London-based Pollinate.
- Categories
- Finance
- Region
- Global
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Nigeria, Indonesia, Five Others Home to Half of World’s Unbanked Population
World Bank’s 2021 Global Findex report said about 1.4 billion adults are still unbanked, and do not have an account at a financial institution or with a mobile money provider.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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South Africa Becomes First African Nation to Get Google Wallet
South Africa's rising trend of contactless payments has been given another boost with search giant Google launching its Google Wallet service.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Indian Savings Fintech Jar Lands $22.6 Million in Series B Funding
The start-up says the influx of cash will be used to fuel the development of its products and technology for hiring new talent.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Augmented Reality for Financial Literacy: An Innovative Approach to Delivering Immersive Customer Education
India's Business Correspondents – i.e., retail agents engaged by banks to provide financial services at locations other than a bank branch – often struggle to learn about the new products and services their banks offer. And though online training has become the new normal during the pandemic, many of these agents find it difficult to complete. Piyush Singh and Rahul Ranjan Sinha at Grameen Foundation India discuss the value of augmented reality in addressing this challenge – and in enhancing online financial education more broadly for underserved customers.
- Categories
- Education, Finance, Technology
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