In Latin America, over half of adults don’t have a bank account and even more do not have access to a full range of financial services, such as credit cards or loans.
Uulala, an Ontario-based fintech company, is a mission-driven organization designed to facilitate and accelerate the financial inclusion of the under-banked and unbanked population by providing access to financial tools.
Employees who can easily access personal loans can avoid distractions caused by financial difficulties and perform better at their jobs, a study has shown. It is easier to grant personal loans to employees who earn a regular income and have a good credit score, and by taking out a loan, financial worries will be reduced which leads to higher productivity at work.
There is a growing concern for the large number of underbanked and unbanked members in our society. While there has been a drop from 8% in 2011 to 6.5% in 2017 of underbanked and unbanked people in the US, the world has now more than 1.5 billion people still living without a bank account.
Uulala, is a blockchain based fintech company focusing on helping underbanked Latinos, refugees, and migrants. Uulala has built an ecosystem consisting of a mobile app, blockchain and banking core technology to provide an encompassing solution for financial inclusion and to build blockchain based credit.
There is a growing concern for the large number of underbanked and unbanked members in our society. While there has been a drop from 8% in 2011 to 6.5% in 2017 of underbanked and unbanked people in the US, the world has now more than 1.5 billion people still living without a bank account.
As a mission-driven organization committed to bringing financial access to the underbanked, Uulala not only offers digital finance to previously unbanked individuals but also starts creating a credit history for each user from their first transaction.
The Uulala Inc. firm was born with the mission of dignifying Latinos through financial inclusion. Cointelegraph en Español talked on June 24 with its founder and CEO, Oscar García, to learn his perspective on fintech, blockchain technology and cryptocurrencies.
The Humanity 2.0 Forum is a broad spectrum gathering of luminaries and stakeholders at the Vatican to explore specific impediments to human flourishing and to discuss courses of action aimed at overcoming them. Here is a video of my interview
Uulala's vision is to positively impact the lives of millions of low-income, unbanked, migrant and refugee people around the world through the implementation of financial technology that has been designed to empower, elevate and sustain the financial future of its users.
More than 50% of Latinos do not have access to digital money. How do you then send money, ask for credits and buy online?
The first Initial Exchange Offering (IEO) arrived in Latin America. Hand in hand with Kapytal Exchange, the company focused on financial inclusion through Blockchain; Uulala will carry out the first IEO in Latin America, this being a pioneering project in the region.
Will it be possible for Latin America to achieve an important technological development? Listen to the opinion of entrepreneur and technological innovator Óscar García.
ADC Forum is collaborating with the South Australian Government to stage a major international Summit to help Australian businesses realise the enormous opportunities presented by blockchain. The ADC Global Blockchain Summit will bring together world leading entrepreneurs, financiers, regulators, researchers and innovators with Australian business leaders to focus on strategies and practical applications for business growth.
FIBC is the longest established FinTech Conference focused on pitch contests in Japan. Uulala Wins Audience Award.
Founded in 2012, FIBC attracts global audiences from Financial Institutions, FinTech Start-ups, Investors, Media and Corporations. The FIBC Conference pools together a network of distinguished people from FinTech at every level to contribute, explore, and network. By holding the Conference in English, we hope to foster growth within Japan and build an international community of forward thinking innovators related to the Financial Industry.
NEWSWEEK IS WORKING WITH GLOBAL EXPERTS IN THE BLOCKCHAIN WORLD TO PRESENT THE FIRST EVER NEWSWEEK BLOCKCHAIN IMPACT AWARDS. THE AWARDS ARE RECOGNIZING ENTREPRENEURS AND ENTERPRISES THAT ARE DEVELOPING BLOCKCHAIN APPLICATIONS TO ACCOMPLISH A SOCIAL GOOD.
OUR MISSION IS TO SPOTLIGHT THE PROMISE OF THEIR DISRUPTIVE IDEAS, DRAWING ON NEWSWEEK'S NEARLY CENTURY-LONG HERITAGE OF COVERING THE WORLD AND THE FORCES AND MOVEMENTS THAT SHAPE IT.
This is Uulala's promo video created and used at the FIBC FinTech Conference in Tokyo. Fast paced 1 minute introduction of our services and capabilities.
THE PAPAL encyclical on the environment, entitled “Laudato Si” and published in 2015, has been one of the most influential contributions to the debate about climate change and its connection with other woes like inequality and forced migration.
Leaf uses blockchain technology to connect the unbanked to the global economy. Uulala does this but also lets users build a credit profile through small transactions, such as paying a utility bill, and take out microloans.
Uulala, a fintech company with a social mission, has become the first applicant to win approval to launch an initial coin offering in Bermuda under the island’s new regulatory regime.
The announcement was made at the Bermuda Executive Forum in Miami yesterday, from where Wayne Caines, the Minister of National Security with responsibility for ICT Policy and Innovation, said it was “the start of a new era for Bermuda”.
Progress towards reducing the unbanked population worldwide is encouraging: between 2011 and 2014, the number of adults worldwide with a minimum of a basic transactional bank account rose from 51% to 62%, and in the developing world it rose from 41% to 54%. Unfortunately, the global gender gap in finance is still 7%, and in the developing world persists at 9%.
The gathering of impact investors and firms driving change around the triple bottom line has the potential to make waves across many industries. Impact investments are investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return. Impact investing challenges the long-held views that social and environmental issues should be addressed only by philanthropic donations, and those market investments should focus exclusively on achieving financial returns.
Uulala is a mission-driven organization which is developed exclusively for the unbanked or under-banked population across America. The ultimate aim of the organization is to bring an improved banking status among the Latinos by introducing a trustworthy banking platform. Secure financial transactions, build credit, provide remittance services, online shopping services, access to entertainment, etc. are some of the main features of Uulala.
Uulala has a Power User program which meets the demand for instant mobile remittance combined with the flexibility of thousands of loading stations. It also offers mobile phone top-up minutes, international bill pay, cashback on shopping and ability to build credit becomes clear differentiators in servicing this customer demographic. It also gives various reward-based incentives for increased use of the platform and for sharing the platform with friends and family.
With a focus on accessibility, security and transparency, blockchain-based fintech solutions are driving much of the growth in this arena.
One example of a company dedicated to implementing accessible financial services in developing communities is Uulala, a blockchain-based, mission-driven organization that accelerates the financial inclusion of the underbanked and unbanked population across the Americas. The Uulala platform empowers these communities by providing financial tools for them to build credit, send money, participate in ecommerce and reach a higher platform than just a cash-only environment.
Ser pobre no es barato. Eso lo sabe Oscar García desde que era niño y acompañaba a su madre, jornalera en el campo primero y trabajadora en una fábrica después, a recoger el cheque de su salario. García recuerda las filas para obtener ese papel y luego cómo parte de ese dinero se iba en canjear el cheque o comisiones en otras operaciones.
“Yo no sabía por qué mi mamá no podía comprar pan dulce”, explica García en una conversación telefónica con este diario.
Emerging solutions are striving to find ways to combat disparaging financial management data.
Championing inclusiveness should not be considered a fleeting marketing trend or a campaign gimmick to resonate activists or Gen Z "do-gooders." Rather, inclusiveness must be transformed from a novel notion to an essential thread within a company's fiber.
Uulala is a blockchain-based company that has created a comprehensive digital platform to handle the needs of unbanked, underbanked and remittance-sending households.
Many in the crypto community are focused on using blockchain technology for social good. This article will introduce you to 18 projects in various stages of development, from ideas to ready-to-launch companies.
For each of the projects listed, I’ve included a short description of the project and its social impact provided by one of the principals involved in it. They are listed in alphabetical order. This should not be considered a comprehensive list—to the contrary, it is a non-scientific sample.
Despite the explosion of cryptocurrencies, including many with clear social impact agendas, big challenges remain in the process of making them part of mainstream society and to the successful implementation of their social objectives.