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Western Union introduces US-Cuba money transfers
The Western Union Company pioneered mobile and online money transfers to Cuba via the Western Union app and wu.com in the U.S., paving the way for a new generation of tech-savvy customers to move money into Cuba in minutes.
- Categories
- Uncategorized
- Region
- Latin America
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The incredibly brilliant way people are now paying for things in Asia
In recent years, millions of people have grown accustomed to using messaging apps to communicate. Some of these apps now support person-to-person digital cash transfers. So the next step is pretty logical.
- Categories
- Technology
- Region
- Asia Pacific
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(Reinvented) Weekly Roundup: Cashless Betting, Good Pod, Beautiful Resolve
NextBillion is changing the format of our Weekly Roundup. Rather than more lengthy, editor-written analysis of weekly events, on Fridays we’ll curate a number of news articles, announcements, tweets, videos and other media that captured our attention over the course of the week.
- Categories
- Social Enterprise
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BETWAY enters Ghana’s market with cashless sports betting
Leading international sports betting outlet BETWAY has entered the Ghanaian market with cashless betting. The web/mobile-based betting system runs on the regular mobile money platform of the various telecom companies in Ghana.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Tech Mahindra Is the Third Entity to Drop Its Payments Bank Plan in India
Mahindras on Tuesday became the third entity to drop out of the payments bank race, saying business profitability would take longer time due to “aggressive posturing” by many deep-pocketed players.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Ericsson to develop ‘Emergency Wallet’ for humanitarian aid
Ericsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations.
- Categories
- Technology
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Viewpoint: Unified Payment Interface Will Be the Next Big Thing in Mobile Banking in India
Mobile payments just got a leg-up, thanks to the Unified Payment Interface (UPI), probably the only app of its kind in the world. Virtual wallet services have been around for a while now. UPI goes a step further and allows you to make payments by simply entering the payee's virtual ID on your smartphone and feeding the PIN the app requests. The money is debited directly from your account and transferred to the payee in a matter of minutes, without you having to provide either your bank details or the payee's bank IFSC code. In a few simple steps you can make transactions worth up to a lakh. The app on your phone need not be of the bank you hold your account in, but of any bank whose user experience you prefer. The same goes for the payee. But the transactions still take place between the underlying banks, without you even knowing about it. No need to worry about your credit card details being compromised.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Samsung Pay Strikes Partnership With Chinese Online Payment Giant Alipay
Samsung announced today that it has cemented a deal that will make Alipay, China’s largest online payments platform, available through Samsung Pay.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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