unbanked population

Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Miljardit

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Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over…

Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission

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According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said Nigeria…

Viimane ülemaailmne Findexi uuring: Pangakontoga täiskasvanud elanikkonna osakaal 76% — 1.4 Miljardid täiskasvanud on endiselt pangata

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Between 2011 ja 2021, the share of the world’s adult population that had bank accounts rose from 51% juurde 76%, the findings of the latest World Bank Global Financial Index survey have shown. Umbes 1.4 billion adults are, Kuid, still unbanked,…

Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change

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As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes…

Nigerian President Muhammadu Buhari to Unveil Country’s CBDC

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The Nigerian President, Muhammadu Buhari, is expected to formally launch the country’s keskpanga digitaalne valuuta (CBDC) on October 25, 2021. High-Level Endorsement of the CBDC According to a statement released by the Central Bank of Nigeria (CBN), the formal event…