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AI Can Do a Lot for Financial Services Penetration in the Hinterlands in India
The departure from a ‘brick-and-mortar’ structure to branchless banking (agent & mobile) can be attributed to ICT adoption by users. This has led to a structural and technical reform in the financial services landscape in the last decade.
- Categories
- Finance, Technology
- Region
- South Asia
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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Egypt Launches Microfinance Incentives to Contain Informal Economy
Microfinancing seeks to provide capital needs for small farmers and the self-employed, home-based projects, day-to-day sellers and street vendors.
- Categories
- Finance
- Region
- North Africa & Near East
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MTN Cameroon Gets GSMA Mobile Money Accreditation
In a statement, the telco said that the certification followed "a rigorous, independent assessment" of the reliability of its financial services in December, describing the feat as "a source of pride" for the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How E-Payment Systems Promote Financial Inclusion in Indonesia
Indonesia – through various studies and surveys – has learned that cashless transactions or e-payment systems have bolstered its financial inclusion last year.
- Categories
- Finance
- Region
- Asia Pacific
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Mobile Money Waits for Legal Corridor to Become Formal Payment Method in Vietnam
Mobile money refers to the use of a mobile account for payment in general. This method is gradually more feasible now that 90 percent of the population in Vietnam own a mobile phone.
- Categories
- Finance
- Region
- Asia Pacific
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CoDi in Mexico: No News is Good News
Fraud rates are among the highest in the world and the lack of political stability creates a unique problem for financial inclusion.
- Categories
- Finance
- Region
- Latin America
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A New Digital Bank Will Launch in the Philippines in 2020
TONIK believes that Philippines banking sector is ripe for a digital disruption, and will follow the lead of other markets globally, where digital-only “neobanks” have rapidly captured millions of customers and attracted over $5B of investor funding in the last 2 years alone.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital finance, fintech