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Kenya's Central Bank pursues regulation of Mpesa
Mar 03,2023
The Central Bank of Kenya has announced that it will in the next four years work towards curtailing the dominance of mobile money service Mpesa. This is part of the National Payments Strategy for the period 2022-2025. Mpesa facilitates almost all mob...
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EU regulators raise concern over risk of digital financial risk
Mar 03,2023
A joint report by the EU's banking, insurance and markets watchdogs has raised concern over the risks associated with digital finance. Noting that digital finance had opened new synergies between financial and non-financial activities, the report als...
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Pay on Demand: The digital path to financial inclusion in Africa
Mar 03,2023
Mastercard published a white paper titled 'Pay on Demand: The digital path to financial inclusion in Africa'; which examines how access to financial services could promote digital inclusion. The paper looks at financial inclusion at the African conti...
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The G7 group propose policy principles for future central banks digital currencies
Feb 25,2023
Gathered in the Public Policy Principles document, the G7 group issued a general guide to possible regulatory solutions related to the central bank digital currencies (CBDC). The G7 group recognised this moment as "a pivotal time for the future of mo...
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Digital remittances to rise by 21%
Feb 18,2023
Global cross country digital remittances are expected to  rise by 21% in 2020 according to a report by Statistica. The report takes stock of money sent by individuals from one country to another and excludes domestic exchanges. It estimates the ...
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Saudi Arabia promotes digital cash through new digital initiatives
Feb 18,2023
Saudi Payments, a state-owned payment infrastructure provider, and Saudi Telecom Company's STC Pay, an integrated payment application, kicked off a partnership to develop its mobile wallet and collaborate on digital projects. STC highlighted that the...
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Mastercard and MTN establish partnership to promote digital financial inclusion in Africa
Feb 17,2023
Mastercard has established a partnership with MTN that aims to promote digital financial inclusion in 16 African countries. In order to promote safe and secure global e-commerce payments, the initiative will link Mastercard's virtual payment service ...
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Sabah Pay partners with Alibaba
Feb 13,2023
Malaysian Sabah Credit Corporation (SCC) has partnered with Alibaba to host an e-wallet system for its payment platform Sabah Pay. SCC hosts Sabah state's government e-wallet platform. Announcing the partnership, SCC chief executive officer George Ta...
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Sasakawa Peace Foundation launches a gender financial inclusion toolkit
Feb 13,2023
Sasakawa Peace Foundation launched a gender lens incubation and acceleration (GLIA) toolkit during the he Asian Venture Philanthropy Network (AVPN) Southeast Asia Summit. The toolkit will raise awareness and assist actors in the financial sector to t...
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UN and SHE Investments launch mobile bookkeeping app for women entrepreneurs
Feb 12,2023
The UN Economic and Social Commission for Asia and the Pacific (ESCAP), the UN Capital Development Fund (UNCDF), and SHE Investments kicked off the bookkeeping app KOTRA- Riel that helps Cambodian women micro-entrepreneurs plan and manage cash flows,...
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Kenya undertaking credit reforms
Feb 12,2023
Kenya is pushing forcredit reformsthat will expand existing credit facilities to small and medium enterprises (SMEs). Speaking during the 5th Africa Credit Information Sharing (CIS) Conference in Nairobi, Central Bank Deputy Governor Sheila Mbijiwe n...
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Philipines studying fintech for financial inclusion
Feb 12,2023
Bangko Sentral ng Pilipinas (BSP) in partnership with ING Bank, N.V. and the United Nations Children's Fund (Unicef) has launched the Fintech for Impactpartnershipprogram in Makati City. Speaking at the launch, BSP Center for Learning and Inclusion A...
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