Tag: Business story

Several Countries Spend More than 50% Their Monthly Income on Christmas, finds WorldRemit study

Several Countries Spend More than 50% Their Monthly Income on Christmas, finds WorldRemit study

Inkuru Zamamaza
 Holiday Costs in 14 Countries: Rwanda Spends Highest Percentage of Annual Income, finds WorldRemit study Majority of Rwandan households spend nearly 60% of annual income on Christmas costs Six countries observed - Rwanda, Cameroon, Nigeria, Mexico, Lebanon, Philippines - spend 100% or more of monthly income on Christmas  LONDON, 30 November 2021 -- The holiday season is here! Around the world, families are making plans to celebrate the season with unique traditions, once-a-year meals, gifts and more. In line with this exciting time, WorldRemit conducted a multi-country study1 to determine the true cost of Christmas in 14 countries, mining data to showcase the average costs of traditional Christmas meals, decorations and gifts. Of the 14 countries observed, data showed
Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation

Banks across Africa Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation

Ubukungu
IBM today announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately broadening access to financial services on the continent. COVID-19 continues to accelerate the already rapid changes that were happening across the financial services sector in Africa, fast-tracking the adoption of digital technologies to boost financial inclusion. With over 475 million Africans expected to be mobile internet users by 2025 GSMA –The mobile economy sub-Saharan Africa 2020, digital and mobile play a critical role in facilitating the delivery of digital financial services to consumers who transact on their mobile phones. As banks focus their efforts
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