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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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Visa On The Role of ‘Super Apps’ In Driving Emerging Market Growth
Bringing digital finance to emerging markets like MENA is crucial, as micro merchants of one to two people, often underbanked or unbanked, drive these regional economies. Many are from one country and working in another, sending money cross-border to people back home.
- Categories
- Finance, Technology
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The Power of Local Women: An Innovative Social Capital Model Addresses Rural Financial Inclusion in India During COVID-19
To reduce the economic impact of COVID-19, the Indian government has transferred money into women’s bank accounts. But as Prabhat Labh at Grameen Foundation India and Sourajit Aiyer at South Asia Fast Track Sustainability Communications point out, the rural population often struggles to access those funds. They explore how the Grameen Mitra model leverages a network of village-based women to get cash transfers to where they're needed most.
- Categories
- Coronavirus, Finance
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Alibaba Cloud, Fintech Academy, Pfizer Accelerate Apac Healthcare Innovations
The startups selected under this alliance will receive 'infrastructure support and technological expertise from Alibaba Cloud, talent development and venture building support from Fintech Academy and scientific and commercialization knowledge from Pfizer'
- Categories
- Finance, Health Care
- Region
- Asia Pacific
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