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McDonald’s Philippines goes cashless with PayMaya
Over 40 McDonald’s restaurants nationwide have started accepting card payments for all types of Mastercard and Visa credit, debit, and prepaid cards, through a collaboration with PayMaya Philippines.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Growing Success of Telkom and Equitel Could Shift Kenya Mobile Money Dominance Debate
As Kenya waits for the publication of the controversial report on market dominance by the Communications Authority of Kenya (CAK), latest data from the Telecoms regulator shows that rivals can eat into Safaricom’s market share. The total mobile subscriptions recorded by Telkom Kenya jumped by 18.5 per cent to stand at 3.4 million from 2.8 million reported in the previous period, according to the first quarter report covering July and September 2017.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Bono’s Fund Makes Its First Fintech Investment, Backing Acorns
Financial technology startups are grabbing a greater share of capital from investors. Now Bono is getting in on the action.
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Perspective: Financial inclusion can leapfrog with blockchain technology
Positioned from the outset as an alternative to traditional banking mechanisms, Blockchain raised the possibility of a revolution in the world of financial technology, and the way money was controlled. Nine years on, we see different economies and industries across the globe still trying to understand and adopt the technology.
- Categories
- Finance
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Econet Wireless, Untu Capital partner to launch mobile money bond platform in Zimbabwe
Zimbabwe's Econet Wireless, touted by analysts as best placed to develop mobile money offerings alongside Safaricom, has opened a mobile money bond purchase platform in partnership with Untu Capital to raise US$1 million in support of local start-ups - specifically to address the low level of funding in this space.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s central bank wants to put a leash on the booming fintech sector
“Bringing fintech under the regulatory ambit should provide a level playing field and encourage financial innovations. In this context, the Reserve Bank (of India, RBI) is working on framing an appropriate response to the regulatory challenges posed by developments in fintech in India,” the central bank said in its Trend And Progress Of Banking In India report, released in December.
- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations
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Press release: Acumen America Makes Its First Financial Inclusion Investment Under New Partnership With Metlife Foundation
Acumen, the nonprofit global venture fund, today announced its first financial inclusion investment under its Acumen America portfolio. Launched in 2016, Acumen America invests in social enterprises addressing the problems of poverty in the United States with a focus on the sectors of health care, workforce development and financial inclusion.
- Region
- North America
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Opinion: What the debate about Safaricom dominance is really about
That Safaricom is dominant in the voice, data and mobile money markets is not really debatable. What is debatable is what the regulator plans to do about it.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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