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Kenya Is Doubling Down on Regulating Mobile Loan Apps to Combat Predatory Lending
The country’s central bank is proposing new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN Cameroon to Soon Offer Mobile Savings and Loans Services
it will serve as the intermediary connecting users with financial institutions as is the case in Ghana with MTN Ghana and Kenya with M-Shwari.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Orange Launches Banking Play in Africa
Orange teamed with financial services company NSIA to launch mobile banking services into its first African market, Ivory Coast, with plans to expand into Burkina Faso, Mali and Senegal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance
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Digital Payment Grows in Philippines Amid COVID-19 Fears
Digital payments are fast gaining currency in the Philippines as consumers ditch cash to avoid physical contact on worries over catching coronavirus.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Crackdown on Mobile Money hits Zimbabwe’s Poor
Restrictions introduced at the end of June on Ecocash, the country’s mobile-money monopoly, by the government of President Emmerson Mnangagwa, have affected millions for whom the platform has all but replaced the hard cash that has vanished in shortages caused by the crisis.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Viewpoint: Improving Cross-Border Payments Is Critical To Support Global Economic Growth, Trade And Financial Inclusion
Resolving longstanding frictions and challenges in cross-border payments has been a major objective of the Committee on Payments and Market Infrastructures (CPMI).
- Categories
- Finance
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Indian Digital Payments Giant Paytm to Offer Additional Financial Services after Acquiring Raheja QBE, an Insurance Business
India has become a leader in supporting digital payments adoption. The $2 to $3 trillion economy is projected to be ranked among the top 5 countries in the world in terms of GDP by 2030.
- Categories
- Finance
- Region
- South Asia
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Press Release: GSMA Launches Mobile Money Interoperability Test Platform Driving Financial Inclusion in Africa
For over a decade, mobile money has been driving financial inclusion, opening access to digital transactions and giving people the tools to better manage their financial lives. Today, there are more than a billion registered mobile money accounts globally, spread across 290 mobile money deployments that are live in 95 countries.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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