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Cyber-threats increase as India goes cashless: Study
As India shifts to a cashless economy, cyber-threats are at a new high with the number of such incidents occurring in banking systems increasing in the last five years.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Price fixation of essential drugs hits profitability: Novartis
The government's push for prescribing the drugs by generic names could pose further challenges, Novartis India said in the latest annual report for 2016-17.
- Categories
- Health Care
- Region
- South Asia
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Why M-Akiba bond may present new headache to many banks in Kenya
The banks, which are already reeling from the effects of interest rates capping, now face huge competition on deposits from the bond, which gives 10 per cent interest a year, above the capped 7 per cent that banks are offering.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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MetLife Foundation & Verb Launch Competition To Accelerate Financial Innovation In Egypt & Lebanon
The competition launches in Egypt & Lebanon this week and will attract participants that have an innovative idea or solution to empower the nearly 50 million Egyptians and Lebanese that manage their day-to-day financial lives without a bank account.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Visa pushes further into Africa
Visa has partnered with Interswitch, Africa's integrated payments and transaction solutions company, to bolster adoption of mVisa, the card network’s mobile payment solution, according to Vanguard.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Airtel loses 5 million mobile money users in Kenya in three months
The firm’s subscribers stood at 6.3 million in March, a decline from 6.8 million in December, which the regulator attributed to the revision of a popular offering by the operator resulting in customers slowing down on use of its products.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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World’s First Social Sustainability Bond Listed on a Stock Exchange
The US$8 million bond provides loans to social enterprises and microfinance institutions, which, in turn, aim to help more than 385,000 women in Cambodia, the Philippines and Vietnam.
- Categories
- Investing
- Region
- Asia Pacific
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Nigeria: 10 Microfinance Banks Account for 40 Percent of Industry Loan
THE Central Bank of Nigeria (CBN) has said the ten microfinance banks account for 40 percent of total loans in the subsector.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance