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Taxing mobile money will hinder financial inclusion, says GSMA
“I am very concerned anytime there is any indication that government or anybody wants to take any step that may inhibit the growth of mobile money. When you tax mobile money, you are taxing the people who are probably the most excluded in mainstream financial service."
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Delhi-based fintech startup Affordplan raises Series B round
Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round from a clutch of investors.
- Region
- South Asia
- Tags
- fintech, startups, venture capital
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Fidor, IFC partner to expand digital financial inclusion in Africa and Latin America
Digital banking services provider Fidor has signed a memorandum of understanding (MoU) International Finance Corporation (IFC), a member of the World Bank, to expand digital banking services in Africa and Latin America.
- Categories
- Finance
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South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco
JUMO leverages the mobile networks to provide loans and savings-products to its customers. It has developed a credit scoring algorithm which helps customers to unlock the value of their digital footprints by giving an accurate estimation of their creditworthiness.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MyBucks and Naga Group Team Up to Bring Cryptocurrencies to Emerging Markets
Fintech firms MyBucks and the Naga Group have announced a new partnership to implement Naga’s cryptocurrency wallet within MyBucks’ client interface and existing mobile wallet, enabling some 1.5 million users across Africa, Australia and other countries to manage, send and receive cryptocurrencies.
- Categories
- Finance, Technology
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How a Foundation is Looking to Help Millions of Young People Find Work in Africa
By 2035, there will be more young people entering Africa's workforce each year than in the rest of the world combined. Can that high-stakes challenge be solved with better training and education, savvy use of technology, and wider financial inclusion?
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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A ‘miracle’ in India will disrupt e-wallets and incumbents
As countries around the globe endure fragmented payment markets, where citizens and businesses suffer from cash dependency, poor accessibility, high transaction costs and low interoperability between different payment systems, India’s Unified Payment Interface presents a miracle model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion.
- Categories
- Finance
- Region
- South Asia
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Concern Worldwide, Trickle Up and MetLife Foundation to support ultra poor women in Bangladesh
The program aims to support 600 families through an adapted graduation approach and increase access and usage of financial services for 12,400 women.
- Region
- South Asia
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