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Aviva Raises $5.5 Million to Provide Financial Services to Underserved
The company operates a series of kiosks around Mexico that allow users to apply for loans via video call, get approved in real time and receive their funds in under 24 hours.
- Categories
- Finance, Technology
- Region
- Latin America
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How Thousands of Americans Got Caught in Fintech’s False Promise and Lost Access to Bank Accounts
The collapse of middleman Synapse has revealed fintech’s promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits have been locked out of their accounts.
- Categories
- Finance, Technology
- Region
- North America
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BranchX Becomes India’s First Neobank to Launch ONDC Loans for Financial Inclusion
This initiative marks a significant step towards financial inclusion for India’s 1.4 billion people.
- Categories
- Finance
- Region
- Asia Pacific
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OPay and Moniepoint Issue $17 Million Verve Cards as Nigerian Fintechs Switch From Visa and Mastercard
A change in consumer behaviour and macroeconomic conditions are leading Nigerian banks to issue local cards like Verve to customers, dumping international card schemes like Visa and Mastercard.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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ThriveAgric Partners with Visa to Expand into Kenya
The hubs, located in Homabay and Busia counties, will serve as learning centres where farmers can gather for training sessions and facilitate the distribution of inputs. The project aims to reach up to 10,000 farmers.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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African Tech Titans vs. Red Tape: How Striking the Right Regulatory Balance Can Advance the Continent’s Economic Future
Africa has emerged as a pivotal player in the global tech marketplace, with a digital economy that’s projected to grow to $712 billion by 2050. Yet according to Seyi Ebenezer at Payaza Africa Ltd., this potential is threatened by regulatory frameworks that struggle to keep pace with the rapid evolution of technology. He explores how overly stringent regulation is impeding business and economic growth in the region, and how regulators can foster innovation while protecting consumers and other stakeholders.
- Categories
- Finance, Technology
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Rwanda Mulls a Digital Currency in Two Years – Central Bank
The national digital currency, according to the National Bank of Rwanda (BNR), would offer Rwandans a safe, free, and easy alternative to physical cash.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Paystack-Led Consortium Acquires Brass, Replaces CEO
The acquisition ends months of uncertainty over the future of Brass after delays in processing customer withdrawals began in October 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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