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Gates Foundation Mobile Money Projects in Developing World to Go Live This Year
Kosta Peric, deputy director of financial services for the poor at the Bill & Melinda Gates Foundation, said projects in Pakistan, Tanzania and eight West African countries could go live as early as the middle of this year.
- Categories
- Finance
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Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
Published on Oct. 17, 2019, the white paper sets out the Inclusive Value Ledger (IVL) plan, which aims to bolster the mechanisms of the state’s monetization, production, saving and spending with the help of new digital technologies.
- Categories
- Finance
- Region
- North America
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Mobile Money Waits for Legal Corridor to Become Formal Payment Method in Vietnam
Mobile money refers to the use of a mobile account for payment in general. This method is gradually more feasible now that 90 percent of the population in Vietnam own a mobile phone.
- Categories
- Finance
- Region
- Asia Pacific
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A New Digital Bank Will Launch in the Philippines in 2020
TONIK believes that Philippines banking sector is ripe for a digital disruption, and will follow the lead of other markets globally, where digital-only “neobanks” have rapidly captured millions of customers and attracted over $5B of investor funding in the last 2 years alone.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital finance, fintech
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Chinese Fintech Company Ant Financial Quietly Takes Stake in Vietnam’s eMonkey Amid Anti-China Sentiment
Alibaba affiliate Ant Financial has quietly acquired a sizeable stake in Vietnamese e-wallet eMonkey, sources say.
- Categories
- Finance
- Region
- Asia Pacific
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Vodacom Tanzania and WorldRemit Launch Mobile Money Transfers to M-Pesa Accounts
Using the WorldRemit app, Tanzanians living abroad in over 50 countries can send money home and the new service increases convenience for recipients in Tanzania who can receive international money transfers directly to their phones, without the need for a bank account or internet connection.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Payment Startup Chipper Cash Raises $6m for Southern Africa Expansion
In September, Chipper Cash expanded into what is now arguably Africa’s largest fintech market, Nigeria. With its latest round, the startup has raised more than $8 million in seed capital.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nobody Reads Privacy Policies: Why We Need to Go Beyond Consent to Ensure Data Privacy
We all “say” we read the privacy policies when we agree to the terms and conditions on websites and apps - but up to 97% of people don't actually read them. And even if we read them, few of us can understand the legalese. Now that the age of Big Data has reached emerging markets, and digital tech makes obtaining and monetizing user data easier than ever before, this lack of data privacy is a growing concern. David Medine and Gayatri Murthy at CGAP explore the problem – and some innovative tools that can help protect the world’s newest and most vulnerable digital consumers.
- Categories
- Finance, Technology
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