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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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Tidal launches in Africa—in countries known for banning music
In partnership with Africa’s largest mobile company MTN, Tidal announced its presence with a launch party in Uganda’s capital Kampala on Aug. 22. The music and video service was already available on the continent. This is the first time it’s specifically targeting African subscribers.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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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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AI For Humanity: Using AI To Make A Positive Impact In Developing Countries
There is a lot of untapped potential in terms of AI usage, especially in humanitarian areas. The impact could have a multiplier effect in developing countries, where resources are limited. By leveraging the power of AI, businesses, nongovernmental organizations (NGOs) and governments can solve life-threatening problems and improve the livelihood of local communities in the developing world.
- Categories
- Technology
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Fighting ‘Tech Complacency’ in Social Enterprise: Why it’s Time to Embrace Blockchain
All around us, Fortune 500 firms and VCs are embracing disruptive innovation – so why aren't more social entrepreneurs following suit? Gautam Ivatury, founder and CEO of LendLedger, says the time has come for the social sector to take some risks and get out of its comfort zone – instead of simply waiting for technologies to filter down to its target beneficiaries. With blockchain, he says, social entrepreneurs "can redraw how industries work, not just create the latest in an endless series of mission-driven service providers."
- Categories
- Finance, Social Enterprise, Technology
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Solar Startups Are Plugging Africa’s Energy Gap
Based on current trends, the World Bank predicts that even by 2040 over half a billion people in Sub-Saharan Africa will still lack electricity. Although energy use across sub-Saharan Africa has risen by 45% since 2000, supply has not kept pace with demand.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Impact of digitisation: The new rural reality
Rural India contributes a substantial part of the total net value added in many sectors, with an overall 46% contribution to Indian national income.
- Categories
- Finance, Technology
- Region
- South Asia