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Six months after demonetization, Kolkata’s first cashless transactors shift back to cash
The winds of change that brought in plastic money and e-payments to traditional shops have blown over. Cash is back.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Kenya: Risks to Safaricom Outstrip Mere Business
This issue is even more pertinent considering that the electoral agency will require a technology partner to provide results transmission services during the upcoming general election.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Indian Digital Wallet Company Founder Says Its Biggest Competitor is Cash
Co-founder & Director of India’s leading mobile wallet company expects overall digital payments to contribute 35-40 percent of total transactions in the economy by 2018, citing cyber security as one of the most crucial issues for banks and consumers.
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- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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Sisu Global Health wins $25,000 at GE-backed competition
CEO Carolyn Yarina states that funding received from competition will provide crucial resources for commercialization of new blood recycling device.
- Categories
- Health Care, Technology
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The Fight For The $400 Billion Business Of Immigrants Sending Money Home
A new class of startups is using bitcoin and the blockchain to drastically lower fees as they try to grab a share of the remittance market from old competitors like Western Union.
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- Technology
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MFIN launches mobile app to spread financial literacy
MFIN, an association of the microfinance industry in India, today launched a financial literacy mobile app for clients. The multi lingual financial literacy app will act as a guide and ready reckoner for the clients, said Microfinance Institutions Network (MFIN), which mainly caters to underbanked and unbanked population in the country.
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- Technology
- Region
- South Asia
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MFS transaction limits taking toll on SMEs, e-commerce in Bangladesh
An account holder can now make deposits and withdraw amounts twice in a day. Previously, the limit for cash-in was five and for cash-out it was five. On January 11 this year, Bangladesh Bank issued an order to all mobile financial service providers to comply with the revised mobile banking transaction ceiling, citing abuse of the facility by a section of people.
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- Technology
- Region
- North Africa & Near East
- Tags
- digital finance
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This Is How Cryptocurrencies & Blockchain Could Solve Asia’s Financial Inclusion Issue
In 2016, staff members within the International Monetary Fund (IMF) suggested that virtual currencies could promote financial inclusion. The IMF issued the standard cautions about how virtual currencies (VCs) might be used for money laundering, terrorism and other nefarious purposes. But it also wrote that, “VCs offer many potential benefits, including greater speed and efficiency in making payments and transfer--particularly across borders--and ultimately promoting financial inclusion.”
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- Technology
- Region
- South Asia