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Kenya lowers mobile money transaction charges in response to coronavirus
Mar 16,2023
The Central Bank of Kenya has issued emergency directives for mobile money use aimed at reducing the handling of cash. This comes after Kenya registered the third case of coronavirus, necessitating a raft of measures for curbing the spread of the dis...
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Kenya lowers mobile money transaction charges in response to Corona
Mar 16,2023
The Central Bank of Kenya has issued emergency directives for mobile money use aimed at reducing handling of cash. This comes after Kenya registered the third case of Corona virus, necessitating a raft of measures for curbing the spread of the diseas...
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Lesotho digitises pension payments
Mar 14,2023
Lesotho's Ministry of Social Development has integrated mobile money for pension payments, to ease service delivery to elderly and disabled clients. The ministry will use two mobile money services- M-Pesa and EcoCash for the project. In a report by C...
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Australia moves towards e-payments
Mar 14,2023
Australia's financial regulator- Australian Securities and Investments Commission (ASIC) has published a report outlining submissions made to its call for comments on a national e-payment system. Among issues featured in the consultation include whet...
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Mastercard and Samsung partner to enable digital inclusion
Mar 12,2023
Mastercard and Samsung are partnering to promote digital inclusion among consumers and small businesses in emerging markets through the extensible Pay on Demand platform, which will be kicked off in collaboration with the Samsung Knox team in the Mid...
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Mobile money and humanitarian assistance: How open APIs enable a fast, low-cost, and secure delivery channel?
Mar 10,2023
The GSMA Inclusive Tech Lab revealed the result of a survey with nearly 100 third-party service providers across 12 industry verticals, which included the humanitarian sector, to understand the challenges of integrating with Mobile Money Providers (M...
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African Development Bank approves US$2.33 million grant to support the modernization of electronic payments infrastructure in Ethiopia
Mar 10,2023
EthSwitch Share Company, an initiative led by National Bank of Ethiopia, was granted US$2.33 million by the Board of Directors of the African Development Bank to modernise its payments infrastructure. The project aims at facilitating the design and u...
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The US President Biden signs the Executive Order on digital assets
Mar 09,2023
The US President Joe Biden, signed the executive order that is addressing issues around digital assets. Digital Assets is a joint term for cryptocurrencies, blockchain issued tokens, and other digital objects (such as NFTs) traded or exchanged over t...
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Nigeria: Unity Bank introduces local language USSD
Mar 09,2023
Among Nigeria's top ten banks, Unity Bank has introduced unstructured supplementary service data (USSD) in three of Nigeria's popular local languages, Yoruba, Igbo, and Hausa. USSD is a protocol used in mobile communications to communicate with mobil...
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Africa Digital Inclusion Facility to allocate US $ 1.3 million to improve women's access to digital financial services
Mar 08,2023
The African Development Bank, by means of its Africa Digital Inclusion Facility has decided to allocate US$1.3 million in order to improve women's access to digital financial services, including loans and micro-insurance. The funds will be attributed...
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The African Development Bank extends a grant of US$2 million to strengthen cybersecurity and boost financial inclusion in Africa
Mar 05,2023
To address cybercrime in Africa and leverage the resilience of digital financial ecosystems, the Board of Directors of the African Development Bank has granted US$2 million to set up the African Cybersecurity Resource Center (ACRC) for financial incl...
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Sri Lanka unveils first national financial inclusion strategy
Mar 04,2023
The Central Bank of Sri Lanka with support from the International Finance Corporation (IFC) has unveiled a financial inclusion strategy aimed at making financial services more accessible, efficient, and affordable for all households and businesses in...
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