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Perspective: Will Facebook Make Crypto Relevant For The Underserved?
Earlier this month, the WSJ reported that Facebook is building a team and getting its crypto ducks in a row to launch a “cryptocurrency-based payments system on the back of its gigantic social network.” Public details on the effort are thin and may have been outshone by news that one of Facebook’s co-founders is calling for the company to break up. But the fintech world is predictably aflutter about the perils and opportunities of a brand new digital coin that could allow users to hold and send money safely and securely to nearly every socially networked person on the planet.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- cryptocurrency, fintech
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This Senegalese Startup Opens Amazon, Jumia Up to Mobile Money
Senegalese startup Comparez is making it possible for users in nine African countries to order goods from e-commerce platforms like Amazon and Jumia and pay for them using mobile money.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- e-commerce
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India Is Shutting Down ATMs Even as People Use Them More
India already has the fewest ATMs per 100,000 people among BRICS nations, according to the International Monetary Fund.
- Categories
- Finance
- Region
- South Asia
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Viewpoint: Reforming Microfinance to Alleviate Poverty, Foster National Development
About 90 per cent of Nigeria’s businesses are considered microenterprises. Despite this huge number, easy access to funds has remained a challenge for most Small and Medium Enterprises, in spite of several government funding initiatives.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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New Banking Model At Play In Nigeria
Nigeria, Africa’s most populous nation, with about 190 million people, wants 80% of its citizens in the banking system by the end of 2020. The central bank reports that 36.8% of the adult population is excluded from the financial system.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Financial Inclusion in Africa To Be Boosted Following Launch Of This New Fund
In a bid to continue supporting financial inclusion in Africa, Dubai-based Investment banking advisory firm Nimai has unveiled a USD 150 Mn fund in a partnership with Kenya’s Victoria Commercial Bank .
- Categories
- Finance
- Region
- Sub-Saharan Africa
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China’s Sinking Online Lenders Seek Lifeline From Big Investors
Industry insiders are betting that a handful of closely regulated players will emerge from the cull. They envision a revamped model -- similar to the one adopted in America -- in which P2P platforms match small borrowers with institutional money managers and banks, instead of individual savers.
- Categories
- Finance
- Region
- Asia Pacific
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World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance
The Central Bank of Kenya and the Monetary Authority of Singapore yesterday announced the inaugural Afro-Asia FinTech Festival. Dubbed “FinTech in the Savannah”, the theme of the Festival is “Sustainable Finance: Inclusive and Green”.
- Categories
- Finance
- Region
- Sub-Saharan Africa