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Gates Foundation’s Mojaloop Finance Code Gains in Africa And Asia
Mojaloop will make payments faster, and through its centralist directory, more secure, said DFS.
- Categories
- Finance, Technology, Telecommunications
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India’s ZestMoney Raises $20m to Grow Its Digital Lending Service
The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in India.
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- Finance, Technology
- Region
- South Asia
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Cambodia, Singapore In Cross-Border FinTech Pact
The banks have also agreed to share data on emerging markets. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions.
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- Finance
- Region
- Asia Pacific
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This new form of currency could transform the way we see money
CBDC may be issued for general use (“retail” CBDC) for peer-to-peer payments and payments from consumers to merchants; or for use by commercial banks and clearing houses (“wholesale” CBDC) for more efficient interbank payments that occur outside traditional correspondent banking and other payment systems.
- Categories
- Finance
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Mobile Lending App Branch Partners With Visa, Announces $170 Million In Fresh Funding
Branch International, a fintech startup that assesses creditworthiness using smartphone data, has raised $170 million in Series C financing and announced a new partnership with Visa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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M-Pesa helps drive up Kenyans’ access to financial services – study
The proportion of Kenya’s population with access to formal financial services rose to 83 percent from 75 percent in 2016, driven largely by mobile technology, a survey part-conducted by the central bank showed on Wednesday.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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UN report highlights Afghanistan’s mobile money stumbling blocks
In the report, UNCTAD found: “The main drivers for mobile money are the ease and security of non-cash payments and the positive reputations of the telecommunication firms in the country. Having said this, the mobile money penetration in Afghanistan is relatively low.”
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Women Helping Women: How a Network of Female Digital Finance Agents is Boosting Empowerment in India
Digital finance has made great strides in India, but many women remain excluded – especially in rural areas. Grameen Foundation India is tackling this issue with a unique, digitally driven social enterprise model that harnesses the untapped potential of rural women, training them as field agents to extend digital finance to other women (and men) in their communities. Tanvi Gupta explores how these agents are empowering hundreds of thousands of women with access to financial services – while also generating needed income for themselves and their families.
- Categories
- Finance, Social Enterprise