Digital wallets have become a crucial aspect of our daily routines in this fast-paced digital era. They have transformed the way we handle financial transactions and manage our finances. Two primary types of digital wallets dominate the market: closed loop and open loop.
A healthy and vibrant community is a vital aspect of every company, especially an early stage one, and can be a good indicator of whether things are running smoothly for you. Below we will share with you our top 5 tips
n an era where technological advancements shape every aspect of our lives, the global financial landscape is also experiencing a significant transformation. The traditional cash-based society, which has been the backbone of transactions for centuries, is gradually giving way to the convenience and efficiency of a cashless society.
In times of economic crisis, sending money to loved ones in Lebanon can be a daunting and challenging task, especially with the rise of the unbanked population. Lebanon is now primarily a cash economy, with over 80% of the population no longer using traditional banking services or having bank accounts.
Early adopters are the adventurous pioneers of the business world. They are not only always on the lookout for the next big thing, embracing new technologies, products, and ideas with open arms but they also immensely contribute to the success and growth of a product.
Discover the journey of Purpl in the Financial Inclusion for Migrants 2023 Program Summit led by Village Capital. Join Purpl as we strive to democratize cross-border money transfer and foster financial inclusion in Lebanon and the MENA region.
Are you planning to travel to Lebanon this summer? Or perhaps you are already there? Rest assured you won’t be alone. Lebanon is expecting over 2 million tourists this summer according to this article from our friends at L’Orient Today, which is the highest level seen since the summer of 2019. This would lead to an expected $9B much-needed cash boost to the economy according to The National.
We had discussed in a previous blog article that financial literacy levels among the Lebanese population are much lower than what they should be.
We had also discussed that financial literacy is essential for individuals and groups to make informed financial decisions, manage their finances effectively, and feel financially secure.
The economic crisis Lebanon is facing has caused a decline in financial literacy and inclusion.
In an interconnected world where people constantly migrate searching for better opportunities, remittances have become a vital component of the global economy. These financial flows, often sent by expats to their home countries, contribute significantly to the socio-economic development of nations and support the livelihoods of millions of individuals and families worldwide.
in Lebanon