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Online payment solution finder to pave way for small businesses in e-commerce
Oct 07,2023
The International Trade Centre (ITC) published a survey revealing that 60% of small businesses in 22 developing countries, across Africa, Central America, and South Asia, are discontented with the options available vis-
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ITU mapping ICT infrastructure and financial inclusion in Mexico
Oct 06,2023
The ITU, in collaboration with the Federal Telecommunications Institute (IFT) in Mexico, has released an interactive map showing the gaps and barriers to financial connectivity across the country. The map is built on ITU Broadband maps, an interface ...
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Nigerian Federal Government to introduce fintech in capital market
Oct 05,2023
Lamido Yuguda, Director General of the Securities and Exchange Commission (SEC) announced at the Senate Committee on capital market that finance technology (fintech) will soon be introduced in Nigeria's Capital Market. Fintech is any business that us...
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Kenya leads South Africa, Nigeria in the use of digital payments, Visa reports
Oct 04,2023
The multinational financial services corporation Visa published a survey that examines the impact of digital platforms. It revealed that fewer Kenyans (71%) use cash as a means of payment, compared to higher use of cash by businesses in South Africa ...
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Zimbabwe lifts ban on mobile money for cash transactions
Oct 03,2023
The Reserve Bank of Zimbabwe (RBZ) has lifted a banon mobile money to cash transactions following public outcry. The RBZ had on 30 September issued a directive to mobile payment system providers and merchants that effectively froze cash in and cash o...
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Central Bank of Nigeria postpones eNaira launch
Oct 02,2023
The Central Bank of Nigeria has postponed the launch of the country's digital currency- eNaira to pave way for independence day celebrations. According to the Central Bank, the digital currency is expected to save costs of printing physical Naira not...
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Mastercard, Samsung, Airtel, and Asante partner to drive digital inclusion in Africa
Oct 01,2023
Mastercard, Samsung, Airtel Africa, and Asante Financial Services Group partnered to kick off their pay-on-demand payments platform to boost the digital economy across Africa. The platform seeks to provide financing opportunities to consumers, entrep...
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United Nations Secretary-General's Task Force on Digital Financing of the Sustainable Development Goals releases interim report
Sep 27,2023
The United Nations Secretary-General's Task Force on Digital Financing of the Sustainable Development Goals released its interim report titled 'Harnessing Digitalisation in Financing the Sustainable Development Goals'. The report explores how financi...
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Ethiopia calls for financial inclusion for women
Sep 25,2023
Ethiopia is calling on Africa to increase financial inclusion so as to increase women's economic participation. Speaking during a panel discussion of G7 and African countries during the 75th UN General Assembly, Minister of Finance Eyob Tekalign stat...
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Digital financial inclusion must include gender -says report
Sep 24,2023
A report by Mastercard Center for Inclusive Growth and HERproject shares insights on financial inclusion during COVID-19.  From studying digital wages for low income earners across several countries, the report found that financial literacy trai...
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Africans call for global fiscal reform at UNGA in response to COVID-19?
Sep 23,2023
Speakers at the 75th session of the UN General Assembly (UNGA) have called for financial assistance from multilateral institutions in order to rebuild economies following the COVID-19 pandemic. The session, which took place virtually, was addressed b...
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SASSA launches online grant application portal
Sep 23,2023
The South African Social Security Agency (SASSA) launched an online grants application portal that will initially cover child support, older persons, and foster child grants. This is expected to ease the process for applicants who often have to stand...
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