Mobility FinTech Moove has teamed up with Japanese financial services company MUFG and carmaker Suzuki to promote financial inclusion among gig workers in Africa. With the collaboration, “Moove … aims to advance financial inclusion and job creation as well as upskilling opportunities in the sector,”...
Until recently, it could take up to three days to transfer funds between accounts in Egypt, but the introduction of instant banking payments has completely changed the country’s payments landscape, Frans van Eersel, the CEO of Middle East and North Africa (MENA)-focused FinTech startup dopay,...
Whether it’s offering bill payments, airtime recharge, funds transfer or remittance services to customers, mobile money agents play a pivotal role in providing access to financial services for Africa’s unbanked and underbanked populations. “They’ve become socially relevant within their community because they are now the...
Proxtera is working with a number of other entities, including the Monetary Authority of Singapore, on the rollout of an open financial education and action program intended for Asian and African micro-, small- and medium-sized enterprises (MSMEs). According to the Tuesday (June 28) press release,...
The on-demand economy is growing, and it’s no longer limited to mobility, food and entertainment services like Uber, DoorDash and Netflix. According to Andrzej Nowak, CEO and founder of Poland-based FinTech Flexee, growing inflation and sky-high interest rates on small, short-term loans are driving on-demand...
OPay and Mastercard are collaborating to drive financial inclusion across the Middle East and Africa by partnering to open up digital commerce in the region, according to a press release Wednesday (May 18). The mobile payments FinTech startup OPay was launched in Nigeria in 2018...
Alif, a FinTech based in Tajikistan, is looking at getting more into the Pakistan FinTech space to help the unbanked, according to a report Sunday (April 24) from The News International that cited Mahmood Shamsher Ali, the country representative of Alif. Alif was started in...
Credit card startup Yonder is teaming up with open banking platform Yapily to provide consumers access to credit without needing a U.K. credit score. Working together, the companies are striving to level the playing field when it comes to access to credit by accessing a...
WSFS Bank, the primary subsidiary of WSFS Financial Corporation, launched the WSFS Down Payment Grant Program on Monday (April 18), which will offer grants of up to $10,000 to support eligible homebuyers, totaling $3 million in the next three years. According to a press release,...
