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Digitisation of Remittances Can Support Africa’s Economic Recovery
Across the continent, where tourism and hospitality have come to a grinding halt, thousands of jobs have been lost in both the formal and informal sectors. Amidst this gloomy narrative, a shining light has been the formidable resilience of remittance flows into African markets after the initial shock of the pandemic and national lockdowns.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Pandemic Draws More Latin American Poor Into Banking System
Sonia Fierro has lived her entire adult life selling children’s books on the streets of Colombia’s capital, earning wages that barely cover her living expenses, let alone the monthly fees that come with a bank account.
- Categories
- Coronavirus, Finance
- Region
- Latin America
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After Fintech, Jumia Is Betting on Spinning off Its Logistics Arm To Deliver Profits
When it first launched in Nigeria in 2012, Jumia quickly realized just how much work was needed to build a logistics service that could enable its e-commerce ambitions across the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Africa: why digital payments are key to financial inclusion
Given the success of mobile payments in Africa over the past decade or so, you might be surprised to learn that it isn’t the technology most likely to be a game changer for meaningful financial inclusion for the informal productive economy
- Categories
- Finance, Technology
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Grab Leads Series B Round of up To $100 Million in Indonesian Fintech Linkaja
Indonesia’s fintech app LinkAja announced that it has raised up to US$100 million in a series B round led by Southeast Asian super app Grab.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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WhatsApp Begins Rolling Out Payment Service in India
Facebook-owned WhatsApp finally receives regulatory approval
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Is COVID-19 Driving Growth in Digital Currencies?
With purchases and transactions increasingly moving away from cash and towards digital channels during the pandemic, both central banks and private institutions around the world are continuing to explore the potential of digital currencies.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Fintech Startup TeamApt Now Operates Nigeria’s Largest Non-Bank Mobile Money Platform
Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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