News from the Financial Inclusion Summit 2019 Fintech Cohort: Blockbonds
Blockbonds signs agreement in an additional African market Blockbonds is pleased to announce a signed partnership with Cavmont Bank Ltd, aiming to launch the product SPENN in Zambia during 2019. SPENN is a cost-free mobile banking app, powered by Cavmont Bank Ltd, covering both personal and business accounts, accessible through a smartphone. Mr. Jens…
Read Article →News from the Financial Inclusion Summit 2019 Fintech Cohort: Red Flash
SMARTR TAX Optimised tax collection and financial inclusion of the informal sector The informal sector accounts for a large portion of the economy in Africa, 30-50% of the GDP. Taxation and local revenue collection from this sector is today a manual process with low efficiency. Improving tax collection is therefore of high priority for…
Read Article →News from the Financial Inclusion Summit 2019 Fintech Cohort: Aion Sigma
A Nordic – Zambian partnership between Musanga Logistics and Aion Sigma addresses the gap of SME finance through trust solution Musanga Logistics of Zambia and Aion Sigma of Finland create financial inclusion through leasing of smartphones through enterprises in Zambia. The partnership builds a credit history for Musanga’s truck drivers thus improving their…
Read Article →News from the Financial Inclusion Summit 2019 Fintech Cohort: DataDrivenFinance
DIGITISING AND HARNESSING SOCIAL CAPITAL TO OFFER LOW COST INSURANCE DataDrivenFinance AS, with its daughter company DataDrivenFinance Kenya Ltd (DDFinance -K, established March 2018), a new digital challenger, has committed to delivering scalable risk management solutions to the majority low income segment in Kenya, by providing affordable insurance products using basic mobile phones. In…
Read Article →News from the Financial Inclusion Summit 2019 Fintech Cohort: Bancore
Instant smart payments reaching all of Africa Bancore and Global Processing Partners (GTP) are introducing a payment concept that allows instant settlement of financial transactions to hundreds of thousands of prepaid VISA/Mastercard in Africa. This is a major milestone, as it enables instant settlement of incoming transactions to prepaid cards and will be available…
Read Article →News from the Financial Inclusion Summit 2019 Fintech Cohort: askRobin
askRobin: serving the unserved According the Global Findex Database 2017: Measuring Financial Inclusion and Fintech Revolution, there are an estimated 1,7 billion adults in the world without access to financial services. In countries where access to financial services is low or frictional, fintech can have major social and economic impact by enabling universal…
Read Article →New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third
The mobile phone could draw an extra 607 million into the financial mainstream – but access to mobile money is just the first step in achieving true financial inclusion Oslo, Norway (March 28, 2019) – A new report from Mastercard confirms the power of mobile technology to improve financial inclusion. The research shows that…
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Oslo summit puts Norway at the centre of fight to end global financial exclusion
HRH Crown Prince Haakon and Norwegian State Secretary Mr Aksel Jakobsen is meeting fintechs from across the Nordic region, NGOs and global development agencies to discuss collaboration OSLO: 28 MARCH 2019 – The inaugural Financial Inclusion Summit takes place in Oslo today (28thMarch) – for the first time bringing together representatives of international humanitarian…
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The Financial Inclusion Summit Series: Issue no. 27
Interview with Instantor Instantor is a Swedish fintech company founded in 2010 by John Grundström and Niklas Bergman. The founders identified a strong need to provide a broader range of people access to responsible and better financial services. There is a substantial demand for financing that is not met by the retail banks and…
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