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China’s Ant plans equity fundraising at potential $100 billion valuation – sources
Ant’s last fundraising in 2016 valued the owner of Alipay, China’s top online payment platform, at about $60 billion. The new round should start with a valuation of between $80 billion to $100 billion, the people said.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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What Blocks The Success Runway For Fintech Startups In India?
Despite adequate funding and an unprecedented growth of 135% in just two years, most fintech startups are grappling with inefficiencies in multiple operations. However, with India slowly but surely making the transition towards a cashless economy, access to internet services, and increasing transparency in transactions, the outlook for the future is most certainly robust.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, regulations, startups
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Apple brings Alibaba-linked payment system into China stores amid market push
Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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WhatsApp is hurting mobile revenue growth in Africa—and telcos want to fight back
Unlike in more advanced markets, phone operators in sub-Saharan Africa are still investing in adding voice users which along with SMS text messages drives the majority of revenue. The region is expected to add another 100 million subscribers in the next three years. This is all happening as smartphone penetration and mobile-data networks also grow—and with more users starting to use apps like WhatsApp, Messenger and Skype.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mercy Corps and Mastercard Foundation take Fintech to Farmers
Humanitarian agency Mercy Corps is partnering with Mastercard Foundation to push for adoption of technology to benefit millions of small-scale Kenyan farmers for better food production and ending perennial shortages.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Mercy Corps and Mastercard Take Fintech to Farmers
Humanitarian agency Mercy Corps is partnering with Mastercard Foundation to push for adoption of technology to benefit millions of small-scale Kenyan farmers for better food production and ending perennial shortages.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Nigeria to wield axe on failing mobile money brands
The newspaper tipped the majority of the 21 companies operating services in the country to fall foul of tough new cash requirements. Central Bank of Nigeria (CBN) rules, effective from the end of December 2017, stated operators must have NGN1 billion ($2.8 million) in reserves.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance, regulations
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Kenya: Mobile money interoperability to launch in March 2018
Interoperability will also present consumers with choices of services and not being locked into one service or mobile network, given how costly it has been to transfer money between mobile money services.
- Categories
- Finance
- Region
- Sub-Saharan Africa