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How Social Entrepreneurship Is Making a Difference in the World
We have grown accustomed to the Silicon Valley zeal driving startups to develop new technologies that will disrupt the market in yet another way.
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- Technology
- Region
- South Asia
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New Study Reveals Massive Scope for Mobile Growth in Kenyan Retail Market
A new Nielsen Study on Kenyan Retailers and Technology reveals that despite the massive uptake in mobile usage in Kenya, there is still significant scope for growth in the market, particularly in the retail environment.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Vodafone M-Pesa Reaches 25 Million Customers Milestone
Vodafone M-Pesa now has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service, it was announced today.
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- Technology
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- fintech
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Consuelo Offers Blockchain-Powered Microinsurance to Migrant Workers
Bitcoin and blockchain technology have the ability to bring financial services to the unbankedthat otherwise would be unavailable to them. Mexican mobile payments platform Saldo.mxallows to pay for their loved ones’ utility bills across borders. Saldo recently debuted a microinsurance service, Consuelo, to allow users to easily use a fixed health and life insurancepolicy.
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- Technology
- Tags
- digital payments, fintech
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Global Mobile Money Adoption in 2015: What the Data is Telling Us
In markets where mobile money is available, 10 percent of mobile connections are now linked to a mobile money account, compared to 8 percent in December 2014, according to the GSMA. Across Sub-Saharan Africa, the growth is even starker: one in three mobile connections were linked to a mobile money account in December 2015, up from 22 percent in December 2014. A closer look at the numbers.
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- Technology
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PayPal Participates in $30m Round in Acorns Micro-Investing App
Acorns, the micro-investing app that allows users to invest their ‘spare change’ or ‘acorns’ in an automated manner, has today announced a $30 million round of financing. It was obtained from PayPal and with participation from the Rakuten Tech Fund and existing investors e.ventures and Greycroft Partners to help the company expand its partnerships and automated investment features, according to a company press release.
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- Investing, Technology
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- fintech
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Tanzania Deploys the First Mobile Money Monitoring Solution for Regulatory Authorities in the World
As Mobile Money services continue to grow in popularity in the United Republic of Tanzania, the Tanzania Communications Regulatory Authority (TCRA) has had the foresight to implement a technological platform to enable the monitoring of mobile money services in the country. The Mobile Money Monitoring (M3) platform provided through the joint efforts of SGS-Société Générale de Surveillance (SGS) and Global Voice Group (GVG) and inaugurated in 2015 by the Hon Prof Makame M. Mbarawa, Minister of Communications, Science and Technology, is making this possible. Tanzania is now the first country—in the East African region, and also in the entire world—to implement a Mobile Money monitoring solution.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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NexThought Monday: The Role of STEM Professionals in Global Sustainable Development
The science, technology, engineering and math (STEM) community is changing. Many passionate, hardworking students are not as excited about taking up well-paying, but arguably monotonous, jobs in large corporations. Their big question is: what do we do next? To answer this question, Khanjan Mehta of Penn State spent over three years interacting with hundreds of innovators to find new pathways toward careers in social innovation and global sustainable development.
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- Energy, Technology
- Tags
- employment, innovation