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India’s push for financial inclusion gets a fresh impetus
Pradhan Mantri Jan Dhan Yojana will now be an open-ended scheme and have double the overdraft facility along with a higher insurance cover.
- Region
- South Asia
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Press release: Xoom Partners with OXXO to Add More Than 17,000 New Cash Pickup Locations in Mexico
“We’re thrilled to be the first online-only remittance provider to partner with OXXO,” said Julian King, Xoom’s Vice President and General Manager. “With this partnership, Xoom is furthering its mission to empower customers with the technology to send international money transfers quickly and securely so they can enjoy peace of mind knowing their loved ones have fast and convenient access to their funds.”
- Source
- Press release
- Categories
- Finance
- Region
- Latin America
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Press release: FINCA Impact Finance and KfW Announce USD 8.5 Million Subordinated Loan Facility for Democratic Republic of Congo
FINCA Impact Finance is furthering its strategy of diversifying its sources of funding to pursue digital transformation and promote financial inclusion through mobilizing deposits and local currency debt funding. In the past year, it has attracted worldwide attention and interest from the investment community after issuing bond offerings in its subsidiaries in Pakistan, Nicaragua and Armenia, allowing greater flexibility to manage foreign exchange and geographic risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Bill Gates Foundation eyes Kenya’s mobile money with Mojaloop software
Mojaloop will be expected to connect the six mobile money providers and 44 registered banks upon securing approval.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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With a $10 million round, Nigeria’s Paga plans global expansion
The company is planning to release its payments product in Ethiopia, Mexico, and the Philippines— CEO Tayo Oviosu told TechCrunch at Disrupt San Francisco.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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Foreign banks are pouring into Cambodia’s microfinance sector
When Samic Microfinance sold its entire operation to South Korea-based NongHyup Bank late last month, Samic’s CEO King Kap Kalyan said the decision was due to rising competition within the country’s financial industry.
- Region
- Asia Pacific
- Tags
- microfinance
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MTN’s successful IPO in Ghana shows the far-reaching potential of mobile money in Africa
MTN successfully pulled off a first: a historic initial public offering done mainly through mobile money.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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EFInA Boosts Financial Inclusion in Nigeria with $2m FinTech Challenge Fund
The fund is expected to boost the usage of financial services by the low-income population in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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