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As India Goes Cashless, Both E-Money Stocks and Bitcoin Benefit
India's Prime Minister Narendra Modi announced on November 9, 2016, that 500 and 1000 rupee notes would be taken out of circulation in an effort to reduce corruption, terrorism, black money and counterfeiting, and will no longer be accepted as legal tender in India. His surprise announcement caused chaos in the country as citizens scrambled to adjust to a new monetary norm that banned about 85 percent of cash in circulation.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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The Curious Case of 4.5 Million Jan Dhan Accounts That Were Closed During India’s Demonetisation Chaos
The Narendra Modi government’s flagship financial inclusion scheme—the Pradhan Mantri Jan-Dhan Yojana (PMJDY)—has always been about big numbers.
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- Uncategorized
- Region
- South Asia
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GetBucks Goes for the Bucks in Botswana
The Botswana Stock Exchange (BSE) has approved the Programme Memorandum for the Note and it is anticipated that the Note will be listed on the BSE on Monday, 30 January 2017. Proceeds from the first tranche of the Note of up to BWP 200 million will be used by the Issuer to reduce the cost of funding.
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- Technology
- Region
- Sub-Saharan Africa
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Airtel launches payments bank in India
Bharti Airtel today said it will invest Rs 3,000 crore in its payments bank, as it became the first off the block to launch the new model of banks aimed at taking financial services to the millions who are outside the banking system.
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- Uncategorized
- Region
- South Asia
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MobiKwik, Paytm Go Multilingual As e-Wallets Tap Users in India’s Hinterland
Majority of the mobile wallets companies are launching multilingual interfaces as focus shifts to make digital payments and commerce more inclusive and widespread by enabling users to transact in their native languages following demonetisation.
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- Technology
- Region
- South Asia
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GameMania Launched Kenya’s First Ever Money Casino Mobile App
Kenyans have been introduced to their very first casino mobile application on Android phones. Rambo Resource Ltd together with the Licensing Board in Kenya announced the launch of GameMania. The app allows mobile users to enjoy online slots machines on the go for free or with no deposit bonuses.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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Fintech start-ups can lead the way to India’s financial inclusion
India is changing into an effervescent ecosystem offering fintech lending start-ups a platform to potentially grow into billion-dollar unicorns. Although relatively young at present, the sector is escalating rapidly, fueled by the large innovation-driven start-up landscape, and responsive government policies and regulations.
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- Technology
- Region
- South Asia
- Tags
- fintech
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Demonetisation has hit micro loans repayment in India
Demonetisation of high-value currency notes has hit repayments of micro loans, many of which originated in Uttar Pradesh and Madhya Pradesh and were adversely impacted following political intervention by local leaders and rumours of loan waivers, Rating Agency ICRA has said.
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- Uncategorized
- Region
- South Asia
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