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COVID-19 Isn’t Killing Cash. People Are Hoarding More of It
People appear to be bunkering cash amid the coronavirus outbreak, according to a study that seeks to debunk the notion that the pandemic was hastening the demise of paper money due to e-commerce or fears of infection.
- Categories
- Coronavirus, Finance
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Viewpoint: Enhance Protection in Digital Financial Space
Over the past decade and half, digital innovations have transformed the financial sector in Kenya, generating significant benefits for consumers and the economy. As a result of the digital transformation, customers - many of whom were financially excluded or underserved - can now borrow loans, pay bills, transfer money and access their bank statements easily using their computer or mobile phone. This so-called financial inclusion miracle has mainly been driven by mobile money; as such, many of these digital financial services are based on M-Pesa, the revolutionary mobile money service launched in 2007 by Safaricom.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Five Ways Impact Investors Can Deal With the COVID-19 Dilemma
The coronavirus isn’t just affecting social businesses and charities – it’s also a concern for those investing in them, who may face reduced income themselves and an uncertain pipeline. How can they best respond, in a way that lives up to their role as true impact investors? Sung-Hyui Park and Louise Harman from UK law firm Bates Wells share insights from a recent discussion with social investors.
- Categories
- Coronavirus, Investing
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Facebook’s WhatsApp Brings Digital Payment to Users in Brazil
Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payments as they would a photo or video.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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Tonik Raises $21 Million to Launch Digital Bank in the Philippines
A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks.
- Categories
- Finance
- Region
- South Asia
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New Report Details How Nigerian Fintech Companies Are Expanding Their Business Scopes
The 20-paged report was unveiled during a webinar that was organised by The Economist Intelligence Unit.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital banking, fintech, investors, SMEs
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Digital Lending Post COVID: How Micro-Credit Holds the Key for Small Merchants, Customers to Bounce Back
Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.
- Categories
- Coronavirus, Finance
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Western Union in Frame for Moneygram Buy
Remittance giant Western Union became the latest name linked with a buyout of rival MoneyGram, which has been the subject of numerous acquisition attempts in the last four years.
- Categories
- Coronavirus, Finance
- Region
- North America
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