IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.
Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.
hoolah, a two-year-old Fintech startup offering Buy Now, Pay Later (BNPL) payment solutions, confirmed that it is moving forward with its plans to expand into Asian markets.
Remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021.
Symbiotics publishes its inaugural global impact fund survey, merging its historical microfinance investment vehicle survey, started with the CGAP in 2007, and its private debt impact fund survey, started with the Global Impact Investing Network in 2018.
The pandemic highlights the crucial role of insurance as a safety net when people lose their jobs or are unable to get to work, when bread-winners get sick or die, or when small businesses are forced to shut.
Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.