A Southeast Asian country that implemented a crypto transaction tax, leading to significant revenue loss.
UmrahCash is building the “OPay for pilgrims” travelling to Saudi Arabia
Since 2017, at least 10 million Muslims have traveled to Mecca yearly for Umrah, except during the pandemic. Pilgrims from West Africa face financial challenges due to currency restrictions and unreliable access to hard currency.
Kenya’s Crypto Tax Gamble Threatens Africa’s Digital and Fintech Future
Kenya's proposed 1.5% crypto transaction tax risks driving startups abroad and weakening its fintech leadership. The tax could increase transaction costs, pushing young Africans towards informal systems.
Exclusive: TymeBank to launch in Indonesia as it continues Southeast Asia focus
TymeBank plans to launch in Indonesia by the end of 2024, focusing on offering its lending product to SMEs. The company sees a significant opportunity in the small business lending space in Indonesia and the region.
