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How to Understand Why Zimbabwe Is Bringing Back the Zim Dollar and the Limits of Mobile Money
Zimbabwe is trying to bring back its “Zimdollar” currency and not for the first time. Ten years since the troubled national currency was essentially destroyed by years of hyperinflation, central bank officials and a few strategic government insiders have been hinting or openly discussing the need for its return.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Digital Financial Services to Generate $38 Billion in Southeast Asia, Study Finds
The region has seen a rapid adoption of digital finance since Southeast Asian ride-hailing giants Grab Holdings Inc. and Gojek funneled some of the billions they raised into in-app payments and financial services.
- Categories
- Finance
- Region
- Asia Pacific
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He Revolutionized How Millions of People Spend Money in India. His Next Target: America
In India, Paytm is best known as a one-stop shop for digital payments. You can use it to send money to a friend, like Venmo, or to pay for anything from bus tickets to utility bills using your smartphone.
- Categories
- Finance
- Region
- South Asia
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EY Fintech Adoption Index: China Tops the List, Japan is Buried at the Bottom. Where Does Your Country Rank?
As smartphones and internet access have become increasingly ubiquitous, digital financial services are soon to appear.
- Categories
- Finance
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Financial Inclusion Week: Reflection and Action from Three Leading Voices
Today, the Center for Financial Inclusion is wrapping up Financial Inclusion Week. The intention for the week was to ask some soul-searching questions about what it means to be inclusive – and about how financial access in the age of fintech can impact the lives of millions, for good or ill. We caught up with three leading voices in the field, asking each of them three key questions focused on what financial inclusion means to them from a personal, organizational and international standpoint.
- Categories
- Finance, Impact Assessment, Investing, Technology
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A Devil’s Bargain to Bank the Unbanked: Why Financial Inclusion Advocates Shouldn’t Trust Facebook’s Libra
As you've likely heard, Facebook has entered the inclusive finance arena, pitching Libra, a global cryptocurrency – ostensibly to promote financial inclusion. But as Digital Equity co-founder Valerie Khan argues, there are plenty of reasons to doubt Facebook's intentions and Libra's “social good” marketing campaign. In fact, she says, "Facebook is not being transparent about its real interest in Libra" – and both financial inclusion advocates and emerging countries should beware.
- Categories
- Finance, Technology
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Airtel and Mastercard Expand Digital Banking Services Across 14 African Countries
Telecoms and mobile money services provider, Airtel Africa announced that it is partnering with Mastercard to give over 100 million Airtel Africa mobile phone users across 14 African countries access to Mastercard’s global network.
- Categories
- Finance
- Region
- Latin America
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Building The ‘Super App’ For The African Market
Tingg is taking a layered approach to the market, catering to different customers and business segments. Bill payment is a starting point, but the services on offer are relevant to banking, eCommerce, hospitality, food, travel, logistics and agriculture. In short, anywhere funds need to flow, Tingg aims to be the hub that makes it possible – and from as many locations as possible.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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