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To sell payment services in rural India, MoneyOnMobile borrows a U.S. model
In India, tens of millions of merchants still operate largely in cash with a mostly unbanked rural population. Technology could solve their problems, but the bigger differentiator may be in how payment services are sold.
- Categories
- Finance
- Region
- South Asia
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Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services
The Singapore-based company has been pushing itself into fintech for some time, with the most visible moment being the launch of its mobile payments service last November. Today, it extended that further still by introducing micro-loans and insurance options for Grab drivers and businesses that use its GrabPay services.
- Categories
- Finance
- Region
- Asia Pacific
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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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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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Equitel launches mobile-based insurance in Kenya
Equitel subscribers will now have access to a mobile-based insurance product, called Riziki Cover. According to the company, the solution aims to ease the financial burden associated with lost daily income from one’s employment or personal business in case they are admitted to hospital.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- insurance, mobile finance