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BitPay Raises $30m in Record-Breaking Bitcoin Funding Round
Atlanta-based bitcoin merchant processor BitPay has officially raised $30m in Series A funding in the largest-ever financing round for a bitcoin company.
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- impact investing
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What is holding back the social entrepreneur
Ramasubbu Shankar, given his ordnance factories background, likes to cite the works of Lieutenant General Mikhail Kalashnikov, who developed the versatile AK-47 series of assault rifles. Just like the late Russian officer, Shankar, with just an engineering diploma, revels in tinkering. He doesn't possess strong academic credentials but betrays an intuitive hold on engineering from his decades of hands-on work in defence-related technologies.
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Citi starts Latin American mobile startup challenge
Citi is hosting a major new mobile innovation competition in Latin America. Called the Mobile Challenge LatAm 2014, the competition aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.
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Promoting Access to Finance in Nigeria
The introduction of the tiered Know-Your-Customer regime for potential bank customers will drive the country’s quest for improved access to finance, writes Obinna ChimaIn most developing countries, large population of low income earners has little access to financial services.
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- Sub-Saharan Africa
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6 Reasons Online Remittances Are Primed to Explode: International money transfers are moving online – and that’s good news for the BoP
Global remittances to developing countries are estimated to exceed $436 billion in 2014, and research suggests that they help lower poverty significantly. Unfortunately, high fees have claimed a substantial part of this money. But multiple factors are driving the industry online, says Logan Lemberger - and that could be a boon for the global poor.
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CWC Launches Panama’s First Mobile Money Service
Cable & Wireless Panama (CWP) has launched MovilCash, Panama’s first mobile money service.
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Indian Mobile Payment Market Poised for Massive Growth
As an increasing number of Indian consumers obtain smartphones, experts are predicting more payments and money transfers will be made via mobile.
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Africa Progress Report Asks Governments To Promote Mobile Banking
A new report has urged African governments to emulate Kenya in supporting the development of mobile banking and electronic commerce to increase financial inclusion.
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- Uncategorized
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- Sub-Saharan Africa
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