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Zambia fintech bags 1 million dollars investment
Jul 09,2023
Zambian fintech Lupiya has received an investment of$1-million from US venture capital fund Enygma Ventures. Lupiya is an all digital microloan service that was founded in 2015. Its products target small and medium businesses as well as women's enter...
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Inclusive digital economies for the sustainable development goals, UNCDF new release
Jul 08,2023
The UN Capital Development Fund (UNCDF) released a new publication that explores the future of digital economies and how to make the digital transformation inclusive. The report highlights the potential of digital technology and associated innovation...
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Can digital G2P transfers drive financial inclusion and digital payments? Evidence from India
Jun 28,2023
The Center for Global Development released a paper that examines the factors that have driven the adoption of digital payments in India by beneficiaries of Pradhan Mantri Garib Kalyan Yojana (PMGKY) which is a comprehensive relief package launched by...
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Zimbabwe bans mobile money platforms and stock exchange
Jun 27,2023
The Reserve Bank of Zimbabwe (RBZ) banned all mobile money transactions as well as trade on the local stock exchange in a bid to slow down the country's declining currency. Zimbabwe has been struggling with its monetary policy since the 2000s when th...
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Zimbabwe bans mobile money and stock exchange
Jun 27,2023
The Reserve Bank of Zimbabwe banned all mobile money transactions as well as trace on the local stock exchange in a bid to slow down the country's declining currency. Zimbabwe has been struggling with its monetary policy since the 2000s when the US a...
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UN pushes for global digital ID system to boost financial inclusion
Jun 25,2023
The United Nations is advocating for the implementation of a digital ID system with banking and mobile payment platforms to enhance access to financial services and government services globally. This system aims to provide convenient access to a wide...
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Kenya: Increase in mobile money subscribers in first months of COVID-19
Jun 24,2023
The Central Bank of Kenya noted that mobile money subscribers increased by 1.6 million following measures announced to facilitate cashless transactions in March 2020. There was also an increase in low-value transactions (below USD$10), which accounte...
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MITI and UN launch online tool to help investors find sustainable investment opportunities in Malaysia
Jun 21,2023
The Ministry of Investment, Trade and Industry (MITI) and the United Nations (UN) in Malaysia have launched the Malaysia SDG Investor Map, an online tool to help private investors find investment opportunities that align with the Sustainable Developm...
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Ghana: Banking association introduces a joint common mobile money solution
Jun 21,2023
Aiming at promoting digital transformation and upholding financial inclusion, Ghana's banking association Ghana Interbank Payment and Settlement Systems (GhIPSS) launched a mobile money service, dubbed GhanaPay. The service, which is provided by loca...
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IMF working on a new central bank platform for digital currencies
Jun 20,2023
At a conference with African central banks in Rabat, Morocco, International Monetary Fund Managing Director (IMF) Kristalina Georgieva announced the organisation's plan to develop a platform for central bank digital currencies (CDBCs). As addressed i...
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Safaricom customers redeem one billion loyalty points in first months of COVID-19
Jun 16,2023
The Kenyan mobile network operator Safaricom has announced that over one billion bonga points were redeemed in the Bonga for Good programme introduced during the COVID-19 pandemic. Under the programme, customers can use their loyalty points (known as...
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WMNfintech program empowering women entrepreneurs in fintech for digital inclusion
Jun 14,2023
BMO and 1871 announced five participating companies, on 14 June, in its 2023 WMNfintech program, which provides women entrepreneurs with resources, support and mentorship to accelerate their digital inclusion and growth. BMO and 1871 have mentor...
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