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Social Stock Exchange Idea Highlights India’s Move Away From Foreign Aid
Proposal could provide cheaper funding for charities, says finance minister Nirmala Sitharaman, but critics warn against greater government control of welfare projects.
- Categories
- Finance
- Region
- South Asia
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Opera Founded Startup OPay Raises $50m for Mobile Finance in Nigeria
Opera founded OPay in 2018 on the popularity of its internet search engine. Opera’s web-browser has ranked No. 2 in usage in Africa, after Chrome, the last four years.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN, Sanlam Insurtech Partnership May Face Stumbling Blocks
Arthur Goldstuck, founder of World Wide Worx and ICT analyst, points out that with mobile money having failed repeatedly in SA, mobile insurance offers no guarantee of success, in a country with a large number of uninsured populations.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Mastercard Debuts Card to Act as ID, Payment for Underserved
Members of underserved populations don’t always have credit cards. City Key is Mastercard’s effort to help cities distribute services and benefits by creating a tool that can act as an ID, payment card or access pass.
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- Finance
- Region
- North America
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India’s NiYO ‘Neo-Bank’ Raises $35m to Help Blue-Collar Workers Access Financial Services
NiYO Solutions serves as a “neo-bank” that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers to customers additional features such as lending and insurance. Blue-collared employees in India (and many other markets) continue to struggle in availing crucial financial services from banks that typically reserve them for the privileged segment.
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- Finance
- Region
- South Asia
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The “Financial Inclusion Compass 2019”: e-MFP to Launch 2nd Annual Survey of Financial Inclusion Trends
A positive reception to the survey and the Compass has meant that, one year on, e-MFP is ready to launch the second annual survey.
- Categories
- Finance
- Region
- Europe & Eurasia
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Ghana Is Now the Fastest-Growing Mobile Money Market in Africa
Ghana provides a unique case of governmental commitment to create a suitable working environment for innovation.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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White House Touts Help For Poor Areas — But Questions Endure Over Who’ll Benefit
Smith, who helps lead the White House efforts on the zones and other domestic policy matters, told NPR that the zones help cities and towns draw on private-sector investment in an innovative way. But the federal law does not specify how those funds should be used; investors might build affordable housing — or they might build high-end apartment buildings.
- Categories
- Finance
- Region
- North America