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Report: Financial Inclusion Can Help Curb Detrimental Effects of Inequality
An academic from Queen Mary University of London has published a research paper which shows that financial inclusion could be a tool to curb the rise in poverty in the wake of the Covid-19 pandemic.
- Categories
- Coronavirus, Finance
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Nigeria, Kenya, South Africa Attracted $3.9 Billion VC Deals in 6 Years
Fintechs, information technology firms, and other companies in Nigeria, Kenya, and South Africa attracted a total of 613 Venture Capital (VC) deals valued at $3.9 billion, between 2014 and 2019.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- fintech, venture capital
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Viewpoint: Enhance Protection in Digital Financial Space
Over the past decade and half, digital innovations have transformed the financial sector in Kenya, generating significant benefits for consumers and the economy. As a result of the digital transformation, customers - many of whom were financially excluded or underserved - can now borrow loans, pay bills, transfer money and access their bank statements easily using their computer or mobile phone. This so-called financial inclusion miracle has mainly been driven by mobile money; as such, many of these digital financial services are based on M-Pesa, the revolutionary mobile money service launched in 2007 by Safaricom.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Bandhan Bank, Small Finance Banks in India Emerge as Job Creators Amid Coronavirus Pandemic
These lenders are in the process of raising staff strength by 5-10% in the next three-four months, although several others in the sector might be more circumspect. The new workforce will largely be deployed for client servicing and to boost repayment, people familiar with the matter said.
- Categories
- Coronavirus
- Region
- Asia Pacific
- Tags
- microfinance
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African Startups Can Apply for 2nd Edition of Inclusive Fintech 50
Applications have opened for the second edition of the Inclusive Fintech 50, which will identify 50 high-potential, early-stage and innovative fintech startups driving financial inclusion and resilience for the three billion financially underserved people worldwide.
- Categories
- Finance, Technology
- Tags
- digital payments, fintech
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Digital Financial Services Policy Aims to Power Digitisation Trend in Ghana
Barely 15 years ago, financial services in Ghana were the preserve of banks and other institutions licensed by the central bank.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Catalyst Fund Announces Seventh Cohort of Inclusive Fintech Startups
All startups in the latest cohort are addressing critical challenges in times of COVID-19, in emerging markets
- Categories
- Coronavirus, Finance, Technology
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BigPay’s Remittance Service Achieves Record Growth
BigPay’s remittance service has grown at an average of 35 per cent month-on-month since its launch in September 2019 and it now looking to open up more corridors across the Asian region.
- Categories
- Finance, Technology
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