All News and Announcements
Mastercard Builds on COVID-19 Response with Commitment to Connect 1 Billion People to the Digital Economy by 2025
Mastercard this week expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.
New Data: How COVID-19 Is Driving CUs’ Digital Leap
COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home.
China Takes Steps to Become First Cashless Society After COVID-19
As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.
Bangko Sentral ng Pilipinas Encourages Shift to E-payments Amid Quarantine
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno championed the use of e-payments amid the Luzon-wide, enhanced community quarantine (ECQ) to minimize face-to-face transactions and prevent the spread of COVID-19.
Fintech And Coronavirus: US Stimulus Payments Boosted Mobile Banking Registrations 200 Percent
Consumer use of mobile finance, banking and insurance apps jumped 71 percent in 2019. In 2020, however, they’ve gone from nice-to-have to essential.
Contactless Payments Skyrocket Amid Coronavirus Worries Over Handling Cash
Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is surging as people come to see their phones as the safer way to pay.
Facebook, Three Fintech Firms in Talks to Launch Mobile Payments Service in Indonesia
If approved by country’s financial regulator, it would be among the first such service under the social media giant’s Facebook Pay application.
Kenya: Banks, Mobile Money Agents Are Counting Losses
In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.
Vodacom and Safaricom Buy M-Pesa
Vodafone has sold M-Pesa to South African and Kenyan telecoms companies Vodacom and Safaricom, which are targeting further expansion for the leading African fintech brand.
List of Digital Lenders Denied CRB Access by Central Bank of Kenya
The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?