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Africa as a Hotbed for Innovation: Technology Providing New Ways to Look at Age-Old Problems
Intellecap’s latest research explores how emerging technologies can trigger a set of big shifts in Africa over the next decade, and how innovators and enterprises there can leverage these shifts to help address the continent’s mega-challenges in a variety of sectors, including agriculture, financial services, health care, education, energy and water.
- Categories
- Social Enterprise, Technology
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Reserve Bank of India allows co-operative banks to issue mobile wallets
The Reserve Bank of India (RBI) has allowed co-operative banks, who are permitted to install ATMs and issue debit cards, to also issue prepaid payment instruments PPIs like mobile wallets.
- Categories
- Technology
- Region
- South Asia
- Tags
- mobile finance
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This refugee aid app was built over a weekend. Now hundreds of nonprofits rely on it.
Taylor is behind the Refugee Aid app, or RefAid, which connects refugees with crucial services when and where they need them most. More than 400 of the largest aid organizations in the world—from the Red Cross to Save the Children to Doctors of the World—all use it.
- Categories
- Technology
- Tags
- nonprofits, refugees
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Inside India’s Plans To Leapfrog The Western Model Of Car Ownership
If successful, the shift would save the country $60 billion in diesel and gas costs in 2030. Instead of 170 million cars, the number expected with the current trajectory, there would be 77 million. CO2 emissions from passenger transport would drop 37% compared to the business-as-usual scenario; energy use in passenger transport would drop 64%.
- Categories
- Technology
- Region
- South Asia
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Investors and Entrepreneurs in Africa Take Note: Price of Solar’s Dropping While Demand’s Increasing
A number of factors are combining to create a favorable environment for decentralized clean-energy systems – and strong investment opportunities – in emerging markets, according to Ankit Mishra of Premise Data. Most noteworthy, energy use in non-OECD countries is expected to rise by 71 percent through 2040, and the cost of renewable energy is projected to decline rapidly.
- Categories
- Agriculture, Energy, Investing, Technology
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Four Ways Digital Finance Can Prepare for the Next Wave of Mobile Money Disruption
The mobile money and agent banking markets of the developing world are due for disruption, so digital finance providers should start preparing. A new research paper from the Helix Institute of Digital Finance offers tips on preparing for the new wave, plus some advice: Focus on data, "the common denominator and foundation for all financial technology companies."
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- Technology
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Indians are using mobile wallets more but for smaller purchases
As the Indian economy recovers, mobile wallet payments are continuing to accelerate. Their transaction value of over $3.6 billion in the first quarter of 2017 marked a 60% increase from the previous quarter, according to a new report from RedSeer Management Consulting.
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- Technology
- Region
- South Asia
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Fintech’s Coming to Trounce India’s Banks
India's banks, which still dominate the country's financial landscape, appear to have hardly a kick left in them. Stressed assets without any loan-loss cover now exceed $96 billion, McKinsey & Co. said last week. An overwhelming 91 percent, or $87 billion, of the provisioning gap is at state-run lenders, whose net worth would be wiped out if they took the hit on their capital.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance