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,”...
PayPal has joined the White House’s new Economic Opportunity Coalition (EOC) to address economic disparities and move things forward for various underserved communities, the company said in a press release Thursday (July 28). The coalition will include 21 corporations and three foundations, working on aligning...
Financial exclusion is a broad category that can range from an inability to access banking services to cultural, economic, and infrastructural barriers to the adoption of electronic payment methods. A good measure of how countries compare in terms of their relative financial inclusion is the...
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,...
Innovative Payment Solutions, Inc. (IPSI) has teamed with Mario Lopez, a TV personality who has appeared on “Access Hollywood” and “Saved by the Bell,” to boost awareness of products involving remittances to Mexico, the company announced Monday (July 11). The FinTech provides digital payment solutions...
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...
When it comes to tackling poverty and improving the quality of life of the world’s poor and excluded communities, the concept of financial inclusion has been used by governments, nongovernmental organizations (NGOs) and businesses as an index of people’s ability to access banking services and...