Mastercard, a US-based financial services corporation, and Vodafone Fiji, an affiliate of the UK-based communications services provider Vodafone Group, have collaborated to launch the M-PAiSA Mastercard, which will give users of Vodafone Fiji’s M-PAiSA mobile money app the ability to
Tag: Digital Payments
MICROCAPITAL BRIEF: Bankingly, Woodcore Partner to Help FSPs in Africa to Offer Digital Financial Services
Bankingly, a Uruguay-based company that helps smaller financial services providers (FSPs) implement digital financial services, and Woodcore, a provider of core banking software with offices in Nigeria and the US, recently partnered on an effort to help microfinance institutions and other FSPs in Africa to add
MICROCAPITAL BRIEF: M-Kopa Raises $250m to Expand Financing of Mobile Phones, Solar Equipment in Africa
M-Kopa, a Kenya-based company serving 3 million customers in four African countries, recently announced that it has raised approximately USD 250 million in fresh funds to expand its facilitation of financial and digital inclusion. In particular, the firm finances devices that it sells, such as
MICROFINANCE PAPER WRAP-UP: “The Global Findex Database: Financial Inclusion, Digital Payments and Resilience in the Age of COVID-19;” by Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, Saniya Ansar
This report presents findings from a World Bank survey of approximately 125,000 adults in 123 emerging markets regarding financial inclusion. The survey was conducted during 2021 and follows analogous surveys performed in 2011, 2014 and 2017.
Account ownership among respondents in all regions has been growing rapidly, from 51 percent in 2011 to
MICROFINANCE PAPER WRAP-UP: “The Opportunity for Digital and E-commerce Payments in the Pacific Region,” by Chris Statham et al, Published by UNCDF
This paper explores the challenges and opportunities associated with leveraging digital payment structures, including how such structures might promote financial inclusion and improve economic conditions in the Pacific Island region. The study focuses on six of the 14 archipelagic countries in the region that are in
MICROCAPITAL BRIEF: Kushki Raises $86m in Equity to Grow Fintech Services for Retailers in Latin America
Kushki, a digital payment processor that is active in Latin America, recently raised USD 86 million in its Series B funding round. The investors – not all of which have been named – include Spain-based Conexo Ventures, Mexico-based Dila Capital,
MICROCAPITAL BRIEF: Genie Enables 14m Bank of Ceylon Customers to Upload Funds for Digital Payments to Retailers, Utilities, Schools, Friends, Family in Sri Lanka
The operators of Genie, an app for performing financial transactions in Sri Lanka, recently partnered with the state-owned Bank of Ceylon (BOC) to allow the 14 million customers of BOC to upload funds to Genie, which can “securely hold credit and debit cards, current and savings accounts and eZ Cash accounts to promote seamless payment experiences.” Genie and the mobile wallet eZ Cash are