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Interest in Cryptocurrencies on the Rise in Latin America
In hyperinflation-crippled Venezuela, privacy-focused cryptocurrency Dash is rising in popularity among locals with some 200 merchants and thousands of wallet downloads per month.
- Categories
- Finance, Technology
- Region
- Latin America
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Mobile Money Surpasses Checks as Leading Method for Non-cash Payments in Ghana
Data released by the Bank of Ghana last week reveals that mobile money is now the leading platform for payments in Ghana outside of cash itself.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Amazon India’s Fintech Play
The ecommerce behemoth is making strategic investments to build an ecosystem of financial products and services to take on Flipkart and Paytm.
- Categories
- Finance, Technology
- Region
- South Asia
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Sagicor, Digicel and Mastercard launch new prepaid card, MyCash, in Jamaica
Christopher Zacca, President and CEO of Sagicor Group Jamaica, noted that the partnership with Digicel Group (through its subsidiary Prism Services Jamaica) and Mastercard is a game-changer for the Jamaican market with the development of the MyCash product.
- Categories
- Finance
- Region
- North America
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African microlender OKash integrates facial recognition to prevent fraud
A recent report by Financial Sector Deepening suggests that 73 percent of Kenyans have a mobile money account, and the country has one of the world’s fastest-growing digital economies, according to TUKO, but mobile money fraud has become a widespread problem.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Kenyan fintech Lendable secures $450k grant from Dutch development bank FMO
The convertible grant is being provided by the Dutch government through its MASSIF fund — which FMO manages. The fund aims to support small businesses, inclusive enterprises, women as well as youth entrepreneurs by financing local financial intermediaries and other institutions that contribute to development.
- Categories
- Finance
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Seeking a Happy Ending: Will Nigeria’s New and Improved Financial Inclusion Strategy Work Better Than the Last One?
Nigeria's Central Bank has finally admitted something it had been hinting at for months: The 2020 goals described in its National Financial Inclusion Strategy are not feasible. Building off the wins and learning from the shortcomings of that strategy, the country is now setting new goals and targeting new gains in financial access. Olayinka David-West and Ibukun Taiwo of the Lagos Business School share their five recommendations for the next phase in Nigeria’s efforts to reach the unbanked.
- Categories
- Finance, Telecommunications
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Why Airtel, Telkom have failed to whittle down Safaricom market share
Airtel Africa boss Raghunath Mandava had a rare chance to get excited last week when results of the Indian telecommunications giant were released. The chief executive officer, who had seen the African business lose so much money that his parent company Bharti Airtel started considering pulling out of some key markets on the continent, had for the first time a different story to tell investors.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa