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In-store mobile transactions boom for South Africa
South African consumers are driving a mobile transacting revolution enabled by a slew of innovative home-grown technology companies. So says Bevan Ducasse, CEO of wiGroup, following the release of the company's white paper on in-store mobile transacting.
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China’s central bank halts Tencent, Alibaba mobile payment process
China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding.
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Kopo Kopo Goes International, Ready to Integrate Mobile Money Payments from Merchants Around the World
In an exclusive interview with TechMoran, Ben Lyon of Kopo Kopo said that 2014 is the year of partnering with payment providers to build and manage merchant networks.
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- Sub-Saharan Africa
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Moving India Toward Universal Financial Inclusion: Part 2 of our Q&A with Nachiket Mor
The Nachiket Mor committee report on financial inclusion in India has sparked excitement and debate domestically and around the world. In part two of our Q&A with Mor, we discuss India’s move toward a cashless economy, the need for responsive regulations, and how the committee’s recommendations could impact India’s economy and low-income communities.
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Financial regulators increasingly skeptical of Bitcoin
Two financial regulatory bodies have issued new Bitcoin-related warnings and sanctions this week. The first came from FINRA, the financial industry’s self-regulatory organization. It published an investor’s note on Tuesday saying that “selling and using bitcoins carry numerous risks.” The second warning came Monday from a Texas state financial regulator. That document is an emergency cease-and-desist order against Balanced Energy, an energy firm taking investment in bitcoins.
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Mobile payment solution from First Bank of Nigeria Ltd secures U.S. $12 Million from Gates Foundation
In apparent move to boost the nation's financial inclusion drive, the mobile payment solution from First Bank of Nigeria Ltd, Firstmonie has secured a grant of $12million US dollars from the Bill & Melinda Gates Foundation to execute the project.
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Man Denies He’s Bitcoin Founder
The man Newsweek claims is the founder of Bitcoin denied he had anything to do with the digital currency.
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- digital payments
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Kenya’s Mobile Money Competition to Heat Up
Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field.
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- Sub-Saharan Africa