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Press release: BFA’S Catalyst Fund Initiative that Accelerates the Future of Fintech in Emerging Markets Reaches 20 “Inclusive Fintech” Companies
“Bank accounts and payment transfers are receiving a lot of attention and are growing in the number of subscribers, but they aren’t being used with the frequency that you’d expect,” said David del Ser, a Director at BFA. “We’re accelerating inclusive fintech companies whose solutions will achieve greater usage and help address the complete financial lives of these populations — there is great need and demand for these kinds of products and services in emerging markets.”
- Categories
- Finance
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Press release: IFC, Mastercard Foundation present key tool to expand digital financial inclusion
“Agent banking and mobile money have begun to transform the financial landscape in many African markets, and there is an increasing body of evidence to show that this has real, positive impact on people’s lives and livelihoods,” said Riadh Naouar.
- Categories
- Finance
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Nigeria Inter-Bank Settlement System targets 500,000 agents to boost financial inclusion
The Nigeria Inter-Bank Settlement System Plc has relaunched an e-payment platform, mCASH, targeting 500,000 agents, in a bid to deepen financial inclusion in the country.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Singapore FinTech Enables Instant Blockchain Remittance for Myanmar Migrant Workers in Thailand
The remittance industry stands as one of the most disrupted industries by blockchain technology.
- Categories
- Finance
- Region
- Asia Pacific
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Mobile industry to add $150b to Africa’s economy by 2022, as subscribers rise
GSMA is pegging the rise to the growing number of mobile subscriptions, which it expects to hit 634 million — equivalent to 52 per cent of the population — by 2025, from 44 per cent as at the end of 2017.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Jack Ma’s fintech startup shakes up China’s banks
Ant Financial Services Group, founded by Chinese billionaire Jack Ma, has become the world's biggest financial-technology firm, driving innovations that let people use their phones for buying insurance as easily as groceries, enabling millions to go weeks at a time without using physical cash. That success is also putting a target on the company's back.
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- Finance
- Region
- Asia Pacific
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WhatsApp Payments India launch delayed as Facebook awaits government’s nod
In an earnings call with analysts after reporting its Q2 2018 results, CEO Mark Zuckerberg said the company has been testing the payment feature on WhatsApp in India for some time.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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How blockchain technology could revolutionise microfinance in Cambodia
A new Cambodia-based startup thinks it might have found a way to change how microfinance lenders operate and cut down lending fees by more than half – by jumping on the blockchain bandwagon.
- Categories
- Finance, Technology
- Region
- Asia Pacific