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Viewpoint: The Pandemic Pain of Emerging Markets
As COVID-19 continues its global march, the whole world is paying the price for some countries' negligent and incompetent political leadership and the virtual breakdown of the rules-based multilateral order. But emerging and developing economies are likely to suffer the most.
- Categories
- Coronavirus, Finance, Health Care
- Tags
- public health
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Analysis: Digital Financial Inclusion – Kenya and Nigeria Case Studies
Digital financial services are both broadening and speeding up financial inclusion in many African countries – a key factor in accelerating economic growth. In this study, Rafiq Raji looks at their development in Kenya and Nigeria and notes the differences in their impact
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: How Can Digital Financial Services Help a World Coping With COVID-19?
The global economy will likely contract by over 5 percent in 2020 due to the impact of COVID-19, according to the recently released Global Economic Prospects. The deepest global recession in eight decades is sending hundreds of millions into poverty, and recovery appears to be far off. Still, the crisis has encouraged incentives for economic transformation and adoption of digital business models, including increased use of digital financial services (DFS).
- Categories
- Coronavirus, Finance, Technology
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South African Telecom Operator Telkom Moves into Financial Services
South Africa’s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Future of Microfinance: An Interview With Ira W. Lieberman
Though its profile is somewhat lower than in its heyday, microfinance remains a relevant player in the development sector, supporting some 200 million people worldwide. A new book, “The Future of Microfinance,” contemplates the industry's tumultuous evolution and future development. NextBillion spoke with Ira W. Lieberman, a co-editor of the book, to discuss its thought-provoking insights.
- Categories
- Finance
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Analysis: Africa’s Mobile Banking Will Be Redefined by Social Media
The COVID-19 pandemic has precipitated a race among African Banks to become fully digital as consumers increasingly demand more personalised service across multiple channels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Venio Launches ‘Nano-Credit’ Lending App to Boost Financial Inclusion in Emerging Markets
‘Nano-credit’ mobile application company Venio has begun offering credit facilities for the unbanked consumers in the Philippines.
- Categories
- Finance
- Region
- South Asia
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Fintech Startup Remitly Raises $85M
Fintech startup Remitly has raised $85 million in a new round of funding, bumping its valuation up to $1.5 billion.
- Categories
- Finance
- Tags
- cash transfers, fintech, remittances, startups
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