Kenya is deploying mobile lending initiatives in an effort to address the small business credit gap. Reports in Reuters on Monday (May 20) said five banks in the country are collaborating on a mobile lending solution to address the credit squeeze on small businesses resulting...
First National Bank and Trust Company is planning the launch of a digital small business lending portal and has tapped a partner to create the solution. The financial institution (FI) said Tuesday (Dec. 12) that it is working with FinTech firm RCGILTNER Services to deploy the...
When operating a small business, “up” is typically a positive direction. SMEs need profits, sales, and performance all to be on the rise. But up isn’t always good. In the latest PYMNTS Data Digest, we look at the research on what’s “up” with SMEs — like...
October 24, 2019
The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. Bloomberg is reporting that lending companies that don’t get deposits, like Tala, which is backed by Alphabet, and […]
