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WorldRemit Lowers Transaction Cost for Remittances to Africa
The new lowered prices, allows customers to send more to family and friends via the mobile app or website to the various African corridors, where Kenya remains a key destination for remittances.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Mastercard and USAID Partner to Launch ‘Project Kirana’ for Women Entrepreneurs
The project aims to build financial and digital literacy and improve basic business management skills to help women become successful kirana entrepreneurs.
- Categories
- Finance
- Region
- Asia Pacific
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YC-Backed Cashfree Raises $35.3 Million for Its Payments Platform
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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Billionaire Bezos Backs Start-up in Maiden Africa Investment
Jeff Bezos agreed to back Africa-focused financial technology company, Chipper Cash, making it his first start-up investment on the continent.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, impact investing, startups
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M-Pesa Revenue Dip in Kenya Is Beyond Mobile Money Fee Waivers
While it’s logically a good move putting the health and the wellbeing of people first, this single directive is found to have also caused a significant dip in revenue for Kenya’s dominant mobile money service, M-Pesa, and by extension, the country’s leading telco, Safaricom, took a hit.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Mastercard, Juvo Team up To Help Underbanked Build Credit in LATAM, Caribbean
Mastercard is teaming up with FinTech startup Juvo to help the “underbanked” in Latin America and the Caribbean to build credit histories so they can engage in a wider range of financial services.
- Region
- Latin America
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AVPA Launches Africa Social Investment Landscape Mapping Study Report
Insights into the current state of the social investment landscape and key trends that will influence the increased flow of capital into social investments in Africa
- Region
- Sub-Saharan Africa
- Tags
- philanthropy
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Digitisation of Remittances Can Support Africa’s Economic Recovery
Across the continent, where tourism and hospitality have come to a grinding halt, thousands of jobs have been lost in both the formal and informal sectors. Amidst this gloomy narrative, a shining light has been the formidable resilience of remittance flows into African markets after the initial shock of the pandemic and national lockdowns.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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