Financial InclusionRSS

Veridium and Wala bring blockchain power to Africa’s unbanked

Africa

Biometrics firm Veridium has teamed with Wala, a blockchain-powered financial services platform, as they target the unbanked and underbanked population in Africa. The duo will collaborate on a pilot programme in sub-Saharan Africa to demonstrate their digital model offering “zero-fee banking”. This pilot is funded by a grant awarded to Veridium from the Digital Financial […]

TransferTo and Fern Software get UN funding for payments push

United Nations

Cross-border mobile payments network TransferTo and banking software provider Fern Software have both been awarded a grant as a part of the United Nations Capital Development’s Shaping Inclusive Finance Transformation (Shift) Challenge Fund, reports Julie Muhn at Finovate (Banking Technology’s sister company). The goal of the fund is to use remittances to improve the economic power of women […]

Mastercard, Bank Asia and a2i team for financial inclusion in Bangladesh

Bangladesh flag

Access to Information (a2i, an innovation lab supported by the Bangladeshi government), Bank Asia and Mastercard have signed a tripartite memorandum of understanding (MoU) to facilitate financial inclusion in Bangladesh by making digital payment services accessible countrywide through the Union Digital Centres (UDCs).

Fintech start-up Ualá targets Argentina’s unbanked with new mobile banking service

Championing financial inclusion in Argentina

Argentina-based fintech start-up Ualá has launched a mobile banking service app to champion financial inclusion in the country.

Interview: Martin Grunewald, BankservAfrica – the African payments dream

Martin Grunewald, BankservAfrica

In an exclusive interview with Daily News at Sibos, Martin Grunewald, chief payments officer at BankservAfrica, discusses its vision for a modern payments system in Africa and why replication is a good thing. “If we don’t start, we won’t get to the finish line”. There is a lot of planning and talking now, but South […]

Bill & Melinda Gates Foundation to launch underbanked service with Dwolla, Ripple and others

Dwolla

The Bill & Melinda Gates Foundation has launched a new service created with in partnership with Dwolla, along with collaboration with Ripple, Crosslake Technologies, ModusBox, and Software Group.

IBM, KlickEx Group and Stellar unveil cross-border payments solution

IBM and friends launch cross-border payments solution on blockchain

IBM, KlickEx Group, a regional financial services company, and Stellar, a non-profit organisation that supports an open source blockchain network, have unveiled a new regional cross-border payments solution using IBM’s blockchain technology to provide clearing and settlement of trades on a single network in real time.

Mauritius looks to blockchain for financial inclusion boost

Mauritius

The State Bank of Mauritius, SBM Group and SALT, creator of a blockchain-backed loan platform, have entered into an exploratory relationship to use blockchain assets as collateral for lending services. SALT, which stands for Secured Automated Lending Technology, says it offers risk mitigation software which allows financial entities, like SBM, to participate in this new […]

Ovamba and Microsoft team for first African language driven chatbot

Ovamba

Fintech firm Ovamba says it is working with Microsoft to create “the first African language driven chatbot designed to serve the millions of African SMEs who face exclusion from financial services due to the challenges of functional and business literacy”.

Utkarsh Small Finance Bank goes live with Intellect’s core banking system

India

Utkarsh Small Finance Bank, a microfinance institution in India, has rolled out Intellect Design Arena’s core banking system. The bank received its licence last year, and according to Intellect, one of the key requirements for Utkarsh was to have a joint liability group solution that would enable it to provide group loans to the microfinance […]

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