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China Investors Back Africa-Focused Fintech Startup
OPay, located in Lagos, was incubated in 2018 by Opera, a Norway-based and Chinese-controlled online consumer icompany. OPay provides consumers with a wide range of services including mobile payments and transfers, ride-sharing and food delivery.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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India’s Financial Services Firm Paytm Raises $1B
Paytm mobile wallet enables users to transfer money to each other, pay for food delivery and clear utility bills, buy train and movie tickets as well as secure small loans.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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Viewpoint: Europe Needs Its Own Development Bank
The European Union needs a development bank so that it can strengthen its capacity to respond to global and regional challenges – above all, to risks and opportunities in Africa. At a time of increasing uncertainty, growing international threats, and fundamental challenges to multilateralism, solid institutions are needed more than ever.
- Categories
- Finance
- Region
- Europe & Eurasia
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Three Key Sessions from Three Days of Discussion at European Microfinance Week
European Microfinance Week is always a whirlwind of activity and insights, and this year was no exception. As a media partner at the event, NextBillion covered some of the key sessions. Here we highlight three of them, one from each day of the event – starting with Friday's must-see plenary, which was streamed live and can now be viewed in a video embedded in this article.
- Categories
- Finance
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Everything You Need to Know About African Fintech Right Now
Africa is home to the world’s youngest labor force, and a rapidly growing rate of mobile phone use. Providing essential financial services to this market has major potential—and global investors, from Silicon Valley venture capital firms to international finance institutions, are taking notice and backing African fintech companies.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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A New Program Aims to End Africa’s Financial Gender Gap
Singer Angélique Kidjo is promoting Affirmative Finance Action for Women in Africa, a program that seeks to boost financing for female entrepreneurs. “Why do banks give more loans to men versus women? That’s the question I have,” she said.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How Can We Stop Losing Our Minds?: Producing a Legacy From Development Projects, Not Just a Document
Have you ever run, funded or been part of a development project? Have you ever thought: “We should definitely share what we learned?” But then someone wrote a report and that was the end of that. Gavin Starks, the founder of dgen.net, argues that shouldn’t be the end, but the beginning. The power of an open approach to development has many benefits, he says. Done well, it changes the way people collaborate during projects — and helps them produce a legacy, not just a document.
- Categories
- Finance, Technology
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Viewpoint: Why Mexico’s Fintech Sector Will Be One to Watch in 2020
Mexico has become a regional leader with more than 273 fintech ventures operating in the country. Over the past year, many of Mexico’s fintechs have also attracted significant investment.
- Categories
- Finance
- Region
- Latin America
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