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Central Bank Of Sri Lanka Looks To Build Know-Your-Customer System On Blockchain Tech
“The Central Bank of Sri Lanka (CBSL) together with experts in Sri Lanka’s Financial and Information Technology (IT) industries, is assessing the possibility of applying Blockchain Technology to streamline Know-Your-Customer (KYC) processes at financial institutions. It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector. It is also expected that it would help increase financial inclusion in Sri Lanka.”
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- Finance
- Region
- South Asia
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India’s Financial Services Firm Paytm Raises $1B
Paytm mobile wallet enables users to transfer money to each other, pay for food delivery and clear utility bills, buy train and movie tickets as well as secure small loans.
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- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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Three Key Sessions from Three Days of Discussion at European Microfinance Week
European Microfinance Week is always a whirlwind of activity and insights, and this year was no exception. As a media partner at the event, NextBillion covered some of the key sessions. Here we highlight three of them, one from each day of the event – starting with Friday's must-see plenary, which was streamed live and can now be viewed in a video embedded in this article.
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- Finance
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Viewpoint: Digital Impact Investing Is Here Now
In an often bleak political epoch, what a ray of light—capital and digital are working in partnership and we are moving the dial on impact.
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- Investing
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Press Release: MoneyGram and Wing to Launch a New Mobile Wallet Service in Cambodia
Under this partnership, MoneyGram customers can remit and receive money conveniently via Wing Money mobile app. Customers also have the option to cash out using any of 7,000 WING cash Xpress outlets in Cambodia.
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- Finance
- Region
- Asia Pacific
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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.
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- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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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.
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- Finance
- Region
- Asia Pacific
- Tags
- digital finance
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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