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Yet again, China’s Alibaba pumps Paytm with fresh funding of $200 mn
To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation of about $1 billion. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal, reportedly.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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How Jack Ma’s Acquisition Of US-Based MoneyGram Could Be Good For Africans
China’s richest man, Jack Ma, and his acquisition of U.S.-based money transfer firm MoneyGram show the importance of remittances as a powerful driver of economic change at both the individual and international level, according to the competition.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Common Cents Report: Behavioral Interventions Helping Americans Save More
The report details findings from seven completed behavioral intervention programs and ongoing research begun in 2016. The work is part of Common Cent Lab’s three-year effort to improve the financial well being for 1.8 million low-to-moderate income (LMI) households in America.
- Categories
- Uncategorized
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First Global Competition for Hardware-Led Social Innovation Issues Call for Entries
The American Society of Mechanical Engineers (ASME), the world’s largest organization for the field of mechanical engineering, today announced a call for entries to the 2017 ASME Innovation Showcase (ISHOW).
- Categories
- Impact Assessment
- Region
- North America
- Tags
- innovation
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Top 11 Reasons Why Fintech StartUps in South East Asia Fail
You have an incredible fintech balance marketable strategy. You gather your group and make your start-up. Here are ten regular missteps you ought to keep away from on the off chance that you need to have an opportunity to experience one more day in South East Asia.
- Categories
- Technology
- Region
- South Asia
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Profits? Nice, but for These Investors, Conscience Matters More
Seth Holehouse, who owns an auction house in New York City, has focused his investments on renewable energy and recycled products. He has done so for the last five years — despite steadily losing money on the strategy.
- Categories
- Impact Assessment, Investing
- Region
- North America
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Microfinance major Ujjivan commences its small finance bank operations in India
India-listed microfinance major Ujjivan Financial Services Ltd has begun the process of restructuring its business to becoming a small finance bank, following the Reserve Bank of India’s approval of its bank licence in September 2015. The new banking entity Ujjivan Small Finance Bank (Ujjivan SFB) began operations with effect from February 1, 2017.
- Categories
- Uncategorized
- Region
- South Asia
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African Development Bank and Alliance for Financial Inclusion Partner to Promote Financial Inclusion in Africa
The African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) signed a Memorandum of Understanding (MoU) to enhance access to quality financial services on the continent on Tuesday, January 31, 2017, in Abidjan, Côte d’Ivoire. The agreement aims to create a collaboration framework to promote financial inclusion in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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