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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.
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- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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Why a Few More Women Coders Isn’t Enough to Close the Digital Gender Divide
“Girls in ICT,” “women in tech,” “women in STEM,” “girls that code." Attend any conference on business, social enterprise or technology in emerging markets and you can likely take in a panel on one of these topics. But while high-level discussions and new initiatives to encourage girls to enter the technology field are steps in the right direction, there is still a long way to go in closing the digital gender divide.
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- Technology
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OpenInvest Asks Investors to Put Their Money Where Their Values Are
OpenInvest is grown 85 percent since its soft launch last September, so Tech.Co used their seed round announcement as an opportunity to have a chat with OpenInvest CEO and cofounder Conor Murray about just how OpenInvest’s unique approach to socially responsible investing works.
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- Investing, Technology
- Region
- North America
- Tags
- impact investing
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Rural Knowledge Meets Tech Innovation: What Ultra-Poor Entrepreneurs Can Teach the World
What happens when Barefoot College, a global NGO which trains entrepreneurs in poverty-stricken rural areas, melds its expertise and values with tech innovators like Apple? It sparks the emergence of a new kind of entrepreneur who has much to teach the world, says Scot Bolsinger – along with new opportunities for rural communities to share and connect in ways never before possible.
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- Education, Technology
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Paytm to start India payments bank operations from May 23
The company will transfer its wallet business, which has over 218 million mobile wallet users, to the newly incorporated entity -- PPBL -- under the payments bank licence awarded to a resident Indian, Vijay Shekhar Sharma, the founder of One97 Communications that owns Paytm.
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- Technology
- Region
- South Asia
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With Android Go, Google tries again at emerging markets
On Wednesday, at the Google I/O developer conference in Mountain View, California, Google said it's starting a new program, focused on phone software, instead of phones themselves. It's called Android Go (though that's just an internal name), and the goal is to make Google's blockbuster mobile software better cater to people on entry-level phones.
- Categories
- Technology
- Region
- South Asia
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