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Cash Is Dying, and the Unbanked Are Being Left Behind
A report by the Boston Consulting Group identified five main barriers to cashless payment systems: high cost of electronic payments to retailers, lack of solutions for the customer, lack of governmental support, insufficient trust in digital payments, and an absence of support infrastructure. And those reasons make sense.
- Categories
- Finance
- Region
- North America
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Gates Foundation Mobile Money Projects in Developing World to Go Live This Year
Kosta Peric, deputy director of financial services for the poor at the Bill & Melinda Gates Foundation, said projects in Pakistan, Tanzania and eight West African countries could go live as early as the middle of this year.
- Categories
- Finance
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Jeff App, the ‘Tinder for Loans’, Raises €150k to Boost Financial Inclusion in Southeast Asia
Latvian fintech startup Jeff App has raised €150K to further evolve its “Tinder for loans” solution in the Vietnamese market, as well as expand to Indonesia later in 2020. A number of European business angels participated in the Jeff App pre-seed round, the very first company’s funding round to date.
- Categories
- Finance
- Region
- Asia Pacific
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‘Green Is Good.’ Is Wall Street’s New Motto Sustainable?
As big institutions go green, it can make for strange bedfellows, like some of Goldstein’s clients who were carried into the Goldman Sachs fold. Among them, a group of Midwestern nuns known as the Franciscan Sisters of Mary, a Roman Catholic group out of St. Louis.
- Categories
- Investing
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Viewpoint: Today’s Africa Is the China of 20 Years Ago
The barriers that slow down entrepreneurship in Africa are similar to those I had to fight against twenty years ago when I created Alibaba. By relying on the digital revolution, it is possible to turn Africa into a global hub.
- Categories
- Entrepreneurship
- Region
- Sub-Saharan Africa
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Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
Published on Oct. 17, 2019, the white paper sets out the Inclusive Value Ledger (IVL) plan, which aims to bolster the mechanisms of the state’s monetization, production, saving and spending with the help of new digital technologies.
- Categories
- Finance
- Region
- North America
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AI Can Do a Lot for Financial Services Penetration in the Hinterlands in India
The departure from a ‘brick-and-mortar’ structure to branchless banking (agent & mobile) can be attributed to ICT adoption by users. This has led to a structural and technical reform in the financial services landscape in the last decade.
- Categories
- Finance, Technology
- Region
- South Asia
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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, mobile money, MTN, regulations, taxes
Parent Organization
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@NextBillion (link opens in a new window)
Challengers to the front! As #FinancialInclusion (link opens in a new window) shifts from the realm of #CSR (link opens in a new window) to mass market, digital "challenger… https://t.co/G4G9D6LK7b (link opens in a new window) -
@NextBillion (link opens in a new window)
"Innovative" doesn't necessarily have to equal "new" in #GlobalDevelopment (link opens in a new window). @AubreyHruby (link opens in a new window) at @ACAfricaCenter (link opens in a new window) breaks… https://t.co/HS6fFoXcau (link opens in a new window) -
@NextBillion (link opens in a new window)
News via @TechCrunch (link opens in a new window): African #Fintech (link opens in a new window) Firm @theflutterwave (link opens in a new window) Raises $35M, Partners With @Worldpay_Global (link opens in a new window):… https://t.co/3bdAzJeIgv (link opens in a new window)
