In Africa’s ever-changing payments ecosystem, innovation is the norm. In just two decades, major transformations have taken place across the continent — and virtually every few years, a new shift takes place. From the rise of telco-led mobile money, notably with PESA in Kenya in...
With as many as 67% of Egypt’s residents without a bank account, Mastercard and FinTech Kashat have signed a deal to digitize onboarding, disbursement and collections for the Middle East and North Africa, the companies announced Tuesday (Feb 8). The five-year agreement comes as Egypt’s...
In today’s FinTech news, Gen Z banking, eSports payments and decentralized finance (DeFi) loans grab headlines, while a former Google executive heads to Brazilian payments FinTech Ebanx as president of global payments. Meanwhile, Argentina Central Bank Governor Miguel Ángel Pesce sang praises for FinTechs’ ability...
In an interview with the Buenos Aires Times on Friday (Feb. 4), Argentina Central Bank Governor Miguel Ángel Pesce applauded FinTechs for serving an underbanked population, but also cautioned that they were not financial institutions. Pesce noted that it’s been “very important to make the...
Credit data company Experian has launched Experian Go, a free program to help almost 50 million “credit invisibles,” or people with limited or no credit history, start building credit by creating an Experian credit report, according to a Wednesday (Jan. 26) press release. Experian research...
“They’ll just use it to buy drugs.” It’s a rationale you’ve likely heard before in discussions of giving money to homeless people. The founders of GiveCard would dispute that idea. This Boston-based FintTech nonprofit – profiled recently in the Boston Globe – offers prepaid debit...
As a growing number of competitors enter the family finance segment, Brian Dong says this proves that Greenlight was right to move into the space and deliver services to cover a previously unmet need. “I think it’s a tremendous validation of the space that we pioneered,” the chief financial...
As the U.K. moves toward its recovery from the COVID-19 pandemic, a recent report by Her Majesty’s Treasury and the U.K.’s Department for Work and Pensions (DWP) has outlined measures that will help boost financial inclusion and capability for more people in the country. According...
Digital banking startup Kwara raised $4 million in a seed funding round to further develop its neobank app in Kenya and turn traditional savings cooperatives into modern digital banks, according to a press release on Thursday (Dec. 9). The round was led by Breega, with...