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China’s Proposed Digital Currency Will Help Banks Bridge Gap on Mobile Payment, Curb Dominance of Alipay, Wechat
Banks’ participation in the central bank’s digital currency will help them better compete with third party payment network operators.
- Categories
- Finance
- Region
- Asia Pacific
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Survey: Cash Payment Still ‘King’ in Kenya, Despite Digital Money Growth
According to the report, just under half of domestic remittances and 30 per cent of bill payments are now made via mobile money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Bringing Digital Financial Inclusion to Women: The Impact of an Integrated Ecosystem Approach
Despite many global initiatives aimed at catalyzing formal banking, almost 1 billion women remain excluded from the financial economy. According to Ankur Seth and Neha Kumar at Intellecap, it's now clear that financial inclusion for women cannot be attained by simply giving them an account or internet access. Instead, it will require an integrated digital financial ecosystem designed for women's needs – an approach Intellecap is piloting in India.
- Categories
- Finance
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National Bank of Pakistan Partners With WorldRemit for Digital Money Transfers
The Pakistani diaspora living in over 50 countries, including the USA, UK, Canada and Australia, can now send money to NBP cash pickup locations using their smartphone.
- Categories
- Finance
- Region
- South Asia
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NilePay Mobile Money Launches in South Sudan to Widen Financial Inclusion
“NilePay Mobile Service’s partnership with Zain South Sudan is part of the company’s long-term strategy to enable eCommerce and digitize financial services across the country,” said Darius Mobe, Director, NilePay Mobile Money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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South Africa Fintech Startup Jumo Appoints Africa and India CEOs
The startup said in a statement today that the appointments come as part of a new organisational structure to support JUMO’s expansion into new markets in Africa and Asia.
- Categories
- Finance
- Tags
- digital finance, fintech, startups
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Facebook’s Digital Money Plan Raises Stakes For China’s Cryptocurrency Ambitions
Facebook hopes to roll out Libra in the first half of 2020, presenting the most significant competition to China's cryptocurrency ambitions.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Staying Ahead of the Technical Assistance Curve: Six Lessons from Fintech Startups in India
India is at the forefront of inclusive fintech innovation. But it’s often difficult for Indian fintech startups to build and grow their businesses, while distributing the benefits of their work among their low-and middle-income (LMI) customers. MicroSave Consulting (MSC) is participating in a Financial Inclusion Lab, providing technical assistance to fintech startups serving India’s LMI segment. Authors at MSC share six key insights from their work that could be helpful both to startups, and to the investors, consultants and other organizations that support them.
- Categories
- Finance, Technology
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