Latest Financial inclusion News: Finextra Research

Standard Bank leads $4 million round in mobile finance startup Nomanini

Standard Bank has led a $4 million investment in Nomanini, a mobile pint-of-sale and data analytics service for merchants operating in typically cash-based economies.

27 August 2019

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Microlender Tala raises $110m for Indian push

Tala, a California-based outfit that uses customers' mobile phone data to build credit profiles and make lending decisions, has raised $110 million for a push into the Indian market.

22 August 2019

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PayPal backs global programme to help entrepreneurs tackling financial health

PayPal has joined forces with insurance giant MetLife and VC Village Capital to launch an initiative supporting more than 100 early-stage entrepreneurs around the world building tech-based financial health products and services.

14 August 2019

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Indonesian regulator OJK shuts down 826 fintechs – Bloomberg

The Indonesian Financial Services Authority, known as OJK, has shuttered a staggering 826 fintech startups operating without a license in this year alone, despite the increased appetite for the industry in the Southeast Asian nation.

02 August 2019

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Visa invests in Indonesian ride-hailing app Gojek; buys Payworks

Visa has invested in Indonesian ride-hailing firm Gojek as part of a deal that will see the pair work together to spread digital payments throughout South East Asia.

17 July 2019

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Uber drives financial inclusion with in-app account from BBVA

Uber is tapping the power of Open Banking to provide unbanked drivers with access to a digital account from BBVA within its mobile app in Mexico.

04 July 2019

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Carney positive on Facebook's Libra; says BofE could open up balance sheet to new players

Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.

21 June 2019

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Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

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EBAday 2019: Is cashless across Europe attainable?

The message is clear at EBAday 2019: Sweden does not accept cash. While the ABBA Museum may prefer card or mobile payments, Frantz Teissedre, head of interbank relationships at Société Générale, believes that a purely cashless society across Europe may be ambitious.

19 June 2019

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Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

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African Development Bank creates fintech fund to boost financial inclusion

The African Development Bank has allocated £100 million in working capital and £300 million in debt financing to boost financial inclusion initiatives across the continent.

14 June 2019

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Money 20/20 Europe 2019 Q&A: Rabobank’s Nico Strauss and Signicat’s John Erik Setsaas

Following their panel on why KYC is seen as a necessary evil, Finextra spoke to Nico Strauss, Tribe Lead B2B services at Rabobank and John Erik Setsaas, VP of Identity and Innovation at Signicat about how KYC could be used for social good, why digital identity is crucial for vulnerable groups like migrants and the impact of PSD2.

12 June 2019

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