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Zimpost Extends Money Transferring Service to Nigeria
Harare- Zimbabwe’s postal and courier company, Zimpost has extended its money transfer service to Nigeria with immediate effect to allow the sending and receiving of money among citizens from the two African states, the postal company’s communications officer Anna Munembe has said.
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- Sub-Saharan Africa
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India’s Mobile Wallet Market Likely to Cross $11B Mark By 2022
Owing to increasing penetration of smartphones as well as tablets, India has emerged as one of the fastest growing mobile wallet markets in the Asia Pacific region. 6Wresearch, a global market research and consulting firm, said in a report that India's Mobile Wallet Market is projected to reach $11.5 billion by 2022.
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- South Asia
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- digital payments
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Fintech Spotlight: Citi at the Crossroads of Fintech Disruption
his fall, Citi is currently organizing the fourth class of its Fintech Accelerator Program in Israel. The program is one of many fintech related events being sponsored by Citi and is part of an active year for the bank assisting the fintech startup scene. Beyond their accelerators, Citi has also presented a mobile challenge to spur innovation in mobile banking, with participants from across the globe. Among their coming events are global Fintech Expos being held within their Innovation Labs.
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Airtel, Tigo to Launch a Mobile Money Interoperability Pilot in Rwanda
Airtel Rwanda and Tigo Rwanda, a subsidiary of Millicom, have announced a partnership to pilot interoperability between their two mobile money transfer service platforms.
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- Sub-Saharan Africa
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Morgan Stanley Introduces Catholic-Focused Investing Program
The influence of Pope Francis’ recent visit to New York is being felt at Morgan Stanley (MS). The wirehouse said early Friday that it is rolling out a tool kit for financial advisors based on Catholic values.
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- impact investing
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Indian Banks’ Association Wants to Be Made Party in Supreme Court Challenge to Aadhaar Validity
To protect the interests of the banking industry, Indian Banks’ Association (IBA) on Monday moved the Supreme Court seeking to be made a party in a batch of petitions challenging the validity of the Aadhaar card.
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Paga Raises Additional $13M: Targets Dominance of Nigeria’s Mobile Money Market
Nigeria’s leading mobile payment company, Paga, has announced the completion of a $13m Series B financing led by Adlevo Capital which is expected to expand its lead position in Nigeria’s mobile payments sector.
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- Sub-Saharan Africa
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NextBillion’s Most-Read, Most-Shared Posts for August: Building the perfect accelerator, new rules in Indian banking and what can be learned from Walmart’s relationship with USAID
How do you design a business accelerator that A) supports enterprises concentrating on new products and technologies designed for poor and low income people and B) engages investors – not just their money – but also their knowledge and mentors. One accelerator that hopes to do both was our most There’s no single formula, especially if this entrepreneurial assignment takes place in developing countries and across multiple industry sectors. Many smart people are studying what makes a good accelerator a great one. In fact, it’s the subject of a big research project called the the Global Accelerator Learning Initiative (GALI), a collaboration between the Aspen Network of Development Entrepreneurs and Emory University.
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