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After downturn, Islamic finance eyes profits, fintech: survey
Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices, an industry body said on Wednesday.
- Categories
- Finance
- Region
- North Africa & Near East
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Uganda’s Taxes on Mobile Money to Stifle Inclusion, say Financial Institutions
Proposed taxes on mobile money transactions are likely to negatively impact financial inclusion, according to a number of players involved in curbing financial exclusion.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Mastercard and Unilever Break Down Barriers to Growth for Micro Entrepreneurs with First-of-its-Kind Digital Lending Platform
“Financial inclusion is a key enabler of the 2030 Sustainable Development Goals – lifting individuals out of poverty and supporting overall economic growth. By broadening our collaboration with Mastercard, working across sectors and including additional private and public partners, we are further expanding the positive impact of financial and economic inclusion” said Paul Polman, chief executive, Unilever.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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With 128.5m projected mobile subscriptions by 2025, Nigeria can achieve 80% financial inclusion
With unique mobile subscribers currently at 93.5 million, coupled with the projected growth, Nigeria is likely to hit its financial inclusion target for 2020.
- Region
- Sub-Saharan Africa
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Viewpoint: Saving financial inclusion
I need no convincing that society requires people to be part of a formal financial system in order to thrive, nor that exclusion, whereby products and services are not available or are unaffordable, needs to be addressed. But it feels like financial inclusion has been engulfed by a focus on payments and transactions that misses its larger aim.
- Categories
- Finance
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Viewpoint: Lessons from China’s mobile payments revolution
There is no disputing that China is ahead of the rest of the world in mobile payments. What insight does it offer U.S. bankers?
- Categories
- Finance
- Region
- Asia Pacific
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One of the world’s biggest mobile money services wants to become a social network
Kenya mobile network operator Safaricom is launching a platform that will allow its customers to send and receive money while they chat. The move is set to reinforce the dominance of the world’s mobile money transfer service M-Pesa, advance its ambition to become an innovative global business, while also facilitating a further connection between tens of millions of subscribers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Ankur Capital to launch $50m new fund next quarter, looks to cut bigger cheques
Mumbai-based impact investor Ankur Capital is gearing up to launch a new fund of up to $50 million in the next few months, which will provide the investment firm the bandwidth to cut bigger cheques.
- Region
- South Asia