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Why India’s financial inclusion drive may be running out of steam
India has the highest share of inactive accounts in the world, the latest World Bank survey on financial inclusion shows.
- Region
- South Asia
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Fintech deals see record numbers in Q1 2018 – with emerging markets leading the way
Fintech funding in Asia saw the biggest gain of any continent, advancing 188% from $701 million in Q4 to $2.2 billion in Q1.
- Categories
- Finance
- Tags
- fintech, venture capital
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Migrants Sent Record $466 Billion Home in 2017: World Bank
“The overall recovery in remittances is better than we expected. It is driven by stronger growth in the European Union, the Russian Federation, and the United States,” the bank said in a statement.
- Tags
- migrants, remittances
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Mobile money increasing healthcare access
With access to healthcare remaining a major problem in Sub-Saharan Africa because of costs, the continent could benefit from using services such as mobile money and savings.
- Categories
- Finance, Health Care
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The uneasy relationship between online betting and mobile money transactions
The combined size of the gambling industry in Kenya, Nigeria, and South Africa is projected to be worth USD$37 billion in 2018. In Kenya alone, a 2017 study found that an estimated 2 million individuals engage in mobile-based sports betting.
- Region
- Sub-Saharan Africa
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Global Findex: Indonesia leads East Asia and the Pacific in financial inclusion progress
Almost fifty percent (48.9%) of the adults in Indonesia now own a bank account, reflecting a true turning point in the country’s journey to boost financial inclusion. This also registers a marked improvement from its 36% of account ownership in 2014 and 20% in 2011.
- Region
- Asia Pacific
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European Investment Bank and International Monetary Fund join forces to boost financial inclusion in Africa
The European Investment Bank (EIB), the EU Bank and the International Monetary Fund (IMF) have signed a letter of understanding to promote sustainable economic development, financial stability and inclusive growth in Africa
- Region
- Sub-Saharan Africa
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Block-chain based microfinancing for Kenyan food stall owners
IBM Research and Twiga Food will be extending access to microloans to 220 food stall retailers across Kenya using a block-chain based financing system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech, microfinance