Ugandan fintech social enterprise Innovate More is empowering savings and credit cooperatives with digital information management systems to provide financial services tailored to the needs of unbanked communities.
KAMPALA, Uganda, March 12, 2019 /3BL Media/ – Fintech social enterprise Innovate More Uganda has joined Business Call to Action (BCtA) with a commitment to provide access to digital financial management services to 168,000 low income Ugandans, along with complementary digital finance and mobile banking training, by 2023.
Happy New Year! I hope that wherever you are in the world, and however you choose to celebrate the holiday season, that you are entering 2019 rested, re-energized, and with a clear sense of mission. As I’m sure some of you did as well, I took a bit of time for reflection over the last few days. We get so busy in our day-to-day work that I’m always thankful for those quiet moments and the opportunity to take stock and look forward.
PayPal is committed to using its platform to democratize financial services and improve financial health. See how PayPal is expanding its products and services to offer their customers more flexibility in how they manage their financial lives.
At PayPal, we harness the power of technology to help connect people to the causes they care about. Watch how we continually seek new ways to increase charitable giving and engage our PayPal users to make a difference in the community.
PayPal is committed to harnessing the power of our technology and scale to help charities raise mission-critical funds and provide new ways for people to connect and give to the causes they care about – anytime, anywhere, and in any amount. Watch the video above to see how we’re powering charitable giving around the world.
If mobile money was the first phase in the development of digital finance in Africa, the next phase of digital financial services on the continent will focus on lending, insurance and wealth management.
In “Beyond Payments: The Next Generation of Fintech Startups in Sub-Saharan Africa,” the venture capital firm Village Capital, and their reporting partner, PayPal, tip their hat to M-Pesa and mobile money in Africa, but say that there’s a wave of innovation still to come.
The financial technology, or fintech, revolution is gaining momentum in the MENA (Middle East/North Africa) region. Fintech investments in MENA totaled $18 million in 2016. In 2017, that figure was surpassed by a single $20 million round raised by the payment platform Paytabs, leading to heightened interest among investors: Wamda Research Lab, for example, puts total 2017 fintech investments in MENA at more than $50 million, a 270 percent year-over-year increase.
In a time when technology has transformed people’s lives in so many ways, financial services is one area where the full potential of the Internet era has yet to be realized. We’ve been hearing for decades about how the decline of cash and the rise of the digital economy will revolutionize financial services and usher in more convenient, accessible and affordable transactions. But so far, the traditional financial order remains firmly in place. While change is underway, the way most people move and manage their money hasn’t changed much since credit cards appeared on the scene 50 years ago.