News

News

Fri, 12/15/2017
Cotonou, BENIN

Caption : Zem are the most commonly used means of transport

Thu, 12/14/2017
Vientiane, LAO PDR

On October 16th 2017, Yong Duangphachanh did not make the 2-hour journey to a banking agent point in the district town to deposit money for her children’s educational fees. Instead, she attended a Xainiyom Micro Finance (XMI) center meeting in her village in northern Lao PDR and was the first in her area to experience the latest evolution in branchless banking.

Wed, 12/13/2017
Dakar, SENEGAL

« Fintech », contraction of «technology» and «finance», refers to a structure that offers innovative financial products and services without itself being a financial institution (bank, microfinance institution...). In Senegal, Fintechs are entering into the market, offering various products and services that could contribute to the growth of digital finance in the market. However, they are having to experiment in an environment that is not necessarily set up to favor them.  

If you're a Fintech start- up be prepared for the following challenges:

Mon, 12/11/2017
Lusaka, ZAMBIA

Although there is ample demand for mobile money services across Zambia, one of the key contributors to slow uptake of these services among customers is the challenge of liquidity management that agents have continuously faced. It leads to situations where agents ‘bounce’ customers when they do not have enough float to handle the customers’ requests to deposit or withdraw money. Bouncing of customers in turn leads to low trust by customers, less traffic of customers, lower commissions for agents and slower business growth for agents.

Fri, 12/08/2017
Porto-Novo, BENIN

La composante « Distribution » est un des éléments clé de l’approche écosystémique du programme MM4P. Pour cause, les agents représentent les canaux principaux par lesquels les clients sont servis; ils constituent donc des leviers essentiels pour « délivrer » une bonne expérience client et assurer un bon usage des services financiers numériques (SFN). 

Wed, 12/06/2017
Kampala, UGANDA

Digitizing basic transactions such as records of milk delivery and sales, is essential for the further growth of the dairy sector in Uganda. A small change can bring big changes. If instead of writing down the 15 litres brought to the collection centre by farmer Godfrey this data is entered into an application, farmer organisations unlock the power of data. And with this information farmer groups can potentially access financial services which are now not willing to provide financing, because of the lack of collateral.

Wed, 11/29/2017
Dakar, SENEGAL

Depuis le mois de Septembre, Aby Ndour vingt-six ans, originaire de Saly joseph un quartier de Mbour, se lève chaque matin avec une nouvelle énergie. « J’ai été sélectionnée parmi beaucoup d’autres jeunes de mon village pour participer à un projet et c’est une chance inespérée.  Mon mari est décédé il y a quelque temps me laissant avec deux enfants de quatre ans et seize mois. Depuis je me débrouille comme je peux en faisant des petits boulots comme du ménage, ou de la vente à mi-temps. Mais rien de fixe.  J’ai le contact facile et je suis douée pour le business.

Tue, 11/21/2017
Brussels, BELGIUM

Two weeks ago, Friends of Europe organized a stimulating conference called ‘Making the Digital Revolution Work Better, Faster for Development’ and my main takeaway was that there’s nothing fast about it.

Thu, 11/16/2017
Freetown, SIERRA LEONE

After a period of selection and voting, the Bank of Sierra Leone (BSL) in collaboration with Financial Sector Deepening Africa (FSD Africa), UNCDF’s Mobile Money for the Poor (MM4P), with support from USAID and the Sida-funded Last Mile Trust Fund, will today announce the finalists of the Sierra Leone FinTech Challenge 2017.

Wed, 11/15/2017
Lusaka, ZAMBIA

The United Nations Capital Development Fund will be hosting the premier digital financial services (DFS) awards event in Zambia. The Digital Chikwama Awards will be given to organizations and individuals from the private sector who have contributed significantly to advancing digital financial inclusion for the benefit of all Zambians.

Pages