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Canadian Fintech Periculum, Officially Launches In Nigeria, Set To Build Credit Assessment Infrastructure For Africa
The availability of domestic credit is a key requirement for consistent economic growth in developing countries. The vitality of financial services such as banking, savings, debt and equity financing, investment management, and point-of-sale lending is largely dependent on the maturity of its domestic credit industry. Nigeria’s domestic credit market pales in comparison to similar countries of the same size.
More Than 1,000 Merchant Users Choose PolCard Go from Fiserv for Contactless Payments via Mobile Phones
More than 1,000 users representing businesses of all sizes across a range of industries are using PolCard Go from Fiserv, a leading global provider of payments and financial services technology and the owner of PolCard, a well-known Polish brand. Initially announced in late 2019 as a first-of-its-kind software point-of-sale solution, the newly branded PolCard Go enables businesses to accept contactless transactions easily, quickly, and securely on their own smartphones or tablets, with no additional hardware required.
Nestlé, Nomanini and Standard Bank Partner to Solve the Stock Needs of Africa’s Underbanked Informal Retail Traders
The informal economy in sub-Saharan Africa accounts for 38% of the region’s GDP[1]. What’s more, according to the International Labour Organization, retail and wholesale is the second biggest employer across the region after agriculture. However, informal retail Micro, Small, Medium-sized Enterprises (MSMEs) are largely underserved and underbanked.
The Metaverse Arrives On the Cardano Blockchain
Pavia.io Officially Launches As The First Cardano Metaverse. As Non-Fungible Tokens (NFTs) explode onto the Cardano blockchain, the Metaverse officially arrives in the form of the pavia.io project, which is somewhat similar in style to Decentraland but build on proof of stake blockchain technology.
Hyundai Capital and CGI Finance Launch Hyundai Capital France
Hyundai Capital Services, a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a subsidiary of Societe Generale Group, announce the launch of a joint venture, Hyundai Capital France (HCF). HCF will support Hyundai Motor France, Kia France and their dealer network – spread across nearly 400 sites in France – in lease and loan financing for new vehicles and used vehicles in addition to serving as a sales agent for relevant insurance policy products.
