Articles

Digitisation in Africa: Channelling Funding to SMEs

Proparco’s 10-year anniversary issue of the Private Sector & Development magazine focuses on SME finance in Africa.

Articles

Articles

Digital Footprint. By kentoh / Shutterstock
Originally posted on the World Bank Blogs Platform . Have you noticed the large number of digital trails that are left behind in your browser and social media? Have you ever received an offer for a product or service that you were just thinking of? A friend of mine was researching about a critical illness and looking for insurance plans on the...
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Among the leading fintech companies that are performing well in India are Paypal , PhonePe , Paytm , Google Pay . Trading companies like Share Khan and Money Control too have a large presence in the market. Insurance companies like Policy Bazaar can also be included in this list. Yet, there is a huge vacuum when it comes to the different fintech...
Image Credit: Medici article
Reserving equity crowdfunding rounds exclusively for customers is emerging as a popular method of fundraising. Read more here . Article via Medici .
Go-Jek drivers wait for orders at a coffee stall in Jakarta- The app has become much more than a ride hailer -Credit Reuters
The phenomenon can be traced to the development of emerging economies that picked up just as smartphones were catching on. Millions of people in Asia's emerging markets missed the personal computer era but have leapfrogged straight to smartphones, and using apps is second nature to them. Read more about WeChat and Go-Jek here . Article via Nikkei...
Pic via gomedici.com
After the 2008 financial crisis, FinTech leveraged the opportunity to address the needs of SMEs when banks could not. The solutions and innovations presented by FinTechs were crucial and came from digital-only neobanks/digital banks. Read more here via Medici .
Bank towers in Toronto's financial district.Brent Lewin/Bloomberg files
P2P lending and fintech companies are subjected to strict regulations holding back the creative disruption of financial services. Article via Financial Post .
P2P: Why SME Debt Is A Must-Have For Any Investor Portfolio
The unmet SME financing needs have thus created an opportunity for the rise of alternative financing models, such as peer-to-peer lending platforms powered by fintech. Pooling private credit from accredited investors, money can be loaned to carefully screened SMEs, and the minimum buy-in is lower than typically needed for bonds sold at the private...
A Chinese flag flies in front of the People's Bank of China headquarters in Beijing, China. On Monday, the central bank said it is "almost ready" to release a digital currency that has been five years in development. Giulia Marchi—Bloomberg via Getty Images
"If you want to see the future of fintech, just go to China," said Edith Yeung, managing partner of Proof of Capital, a blockchain-focused investment firm at a breakfast roundtable Fortune hosted at its inaugural Brainstorm Finance conference earlier this year. She cited Alibaba-spinoff Ant Financial and Tencent's WeChat as paragons of digital...
Enabled by fintech, financial services are becoming a horizontal across the world. GETTY
Non-financial firms – from ecommerce distributors to healthcare providers – have myriad unique assets, notably a large customer base, unique insights, and crucially, trusted relationships. Capitalizing on these, non-financial companies can offer financial products and services to their customers. Article via Forbes
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Hong Kong’s first virtual banks are not expected to be operational for at least another month, but banking customers in the city are already reaping the benefits. For the first time in about two decades, eight of the special administrative region’s largest banks will no longer charge fees for failure to maintain a minimum monthly balance.