Airtel Networks Zambia Plc and the UN Capital Development Fund have announced a partnership designed to bring digital financial services closer to Zambians living in remote areas across the country through Airtel Money.

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.

Microfinance startup Lupiya has received an investment of $1 million from a US Venture Capital fund Enygma Ventures.

As the world continues to face economic turmoil resulting from the COVID-19, communities in Zambia are turning to informal savings groups to cushion the impact of the pandemic.

More U.S. banks and credit unions will be allowed to estimate the international remittance fees they charge consumers in instances when it may be too expensive to provide exact figures under a new rule issued on Monday.re

Grameen America announced the launch of Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs.

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.

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.

Tech firms see the opportunity they’ve been waiting for as shoppers and business recoil from paper money. Who’s hurt when legal tender goes away?