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WhatsApp Hastens Payments Push for 200 Million Indians
“WhatsApp has a great starting point: a monopoly in chat,” said Vivek Belgavi, leader for financial technology at PwC India. “High engagement makes it a credible competition.”
- Categories
- Finance
- Region
- South Asia
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
- Categories
- Finance
- Region
- Asia Pacific
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IBM’s Microfinance Blockchain in Kenya Tests the Viability of Hyperledger
IBM is back supporting a microfinance project using a Hyperledger blockchain to help administer small loans at low interest to food sellers in Kenya.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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A New Cryptocurrency For Social Entrepreneurs That’s All About Collaboration
The aim is to reward and encourage collaboration among members, who are located in 21 countries. “We think it’s going to help free up time and space for members to support each other and collaborate more,” says CEO Mark Eckhardt.
- Categories
- Finance, Technology
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Kenyan regulator could force Safaricom to share agents’ network
Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls 72 percent of Kenya’s mobile market, with close to 30 million subscribers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya moves to regulate fintech-fuelled lending craze
“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Monsanto’s Venture Capital Arm Makes First Direct Investment in Brazil
Start-up company that created a platform to digitize the grain buying and selling chain, Grão Direto, receives investments worth R$ 2.3 million from three companies
- Categories
- Agriculture, Investing
- Region
- Latin America
- Tags
- agtech, startups, venture capital
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Retail giant launches mobile money in South Africa
Shoprite is one of the largest retail chains in South Africa and on the African continent.
- Categories
- Finance
- Region
- Sub-Saharan Africa