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Mastercard Targets Emerging Markets With Mobile-Payments Acquisition
More than 80% of the world's purchases are still made using cash. Mastercard thinks mobile payments technology might hold the answer to digitizing those transactions.
- Categories
- Finance
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Indonesia eyes fintech regulation to avoid ‘loan shark-like’ practices
The emergence of these peer-to-peer (P2P) lending platforms, offering loans ranging from as little as a few hundred dollars to several thousands, has so far been welcomed by Indonesia, Southeast Asia’s biggest economy where tens of millions of people have little or no access to bank credit.
- Categories
- Finance
- Region
- Asia Pacific
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MTN targets mobile money comeback in South Africa
In comments cited by South African newspaper Business Day, MTN CEO Rob Shuter revealed the company is building new products around financial services including loan offers, investment products and insurance, as it looks to boost its offering in the segment and attract customers in South Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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With revamped T-kash, Telkom Kenya aims to challenge Safaricom’s dominance
Telkom Kenya relaunched a mobile financial services platform on Monday that it hopes can challenge Safaricom’s dominance of Kenya’s lucrative mobile money market.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: MIT and Mastercard Foundation Launch 2018 Zambezi Prize for Innovation in Financial Inclusion
The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the launch of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that promote and advance financial inclusion on the continent.
- Source
- Press release
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Amazon considers launching branded checking accounts for unbanked
Amazon is reportedly in talks with JPMorgan Chase & Co., and Capital One Financial Corp., to offer checking account services to younger customers and the unbanked.
- Categories
- Finance
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GIC-Backed Bandhan Bank’s Indian IPO to Raise Up to $689 Million
Bandhan Bank Ltd., the first Indian microfinance lender to get a banking permit, has set the price range for its initial public offering, which could raise as much as 44.73 billion rupees ($689 million).
- Region
- South Asia
- Tags
- microfinance
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Bill & Melinda Gates Foundation announces $170 mln investment to boost women’s economic empowerment
The investments, focussed in India, Kenya, Tanzania and Uganda, are aimed at advancing gender equality, spreading digital financial inclusion, increasing job opportunities, and supporting the agricultural sector
- Categories
- Investing