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Planting the Seeds of Digital Finance: Part 2 of our Digital Finance Plus series discusses why agriculture is key to building the mobile money ecosystem
Agriculture-focused payment solutions could and should have a unique role in the growth of digital finance, says Lee Babcock. Their ability to facilitate income streams to low-income families provides a powerful incentive for their adoption, and they could help extend the ecosystem to rural customers. So why aren’t more mobile money platforms tapping this potential?
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- Agriculture
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Digital-payment revenue in sub-Saharan Africa expected to soar
Electronic-payments revenue in sub-Saharan Africa (SSA) could reach up to $16 billion annually in the next few years if the growth of mobile payments in Kenya is repeated across the continent, according to a recent study by McKinsey and the Gates Foundation.
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Making Mobile Money More Effective in Nigeria
A recent survey that showed that 37 per cent of Nigerians are not aware of mobile money and as such, do not use the payment platform, is worrisome. According to the report by Philip Consulting, out of the remaining 63 per cent respondents that knew about mobile money, 31 per cent were between the ages of 26 and 35 and constituted the majority.
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Why different parts of Africa have widely different levels of success with mobile banking
Why are different parts of Africa experiencing widely different levels of success with mobile banking, despite years of experience in Kenya? Panellists at the IPS conference in London offered a range of explanations
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- Uncategorized
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Mobikwik Eyes Big Chunk Of India’s Mobile Wallet Market
Smartphone growth has led to the growth of many companies and MobiKwik is one of them. Started in 2009, MobiKwik is a closed wallet company which records around 100,000 transactions every day.
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Kenya: Regulator sets tough conditions for mobile firms
Safaricom chief executive Bob Collymore is facing hard options, following last Friday’s approval of his company’s quest to acquire rival yuMobile’s assets under tough conditions.
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Where is Bitcoin legal?
In most countries around the world, Bitcoin is neither illegal nor totally unregulated. It's somewhere in between. Bitcoin and similar virtual currencies are computerized money not backed by any official authority. Governments haven't given it their blessing, and they're trying to figure out how to deal with it.
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- Uncategorized
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Zimbabwe: Econet, mobile money agent association head for clash
The Mobile Money Transfer Agents Association of Zimbabwe and Econet are heading for a possible clash over the latter's recent directive that each of its agent should register at least five new customers per day as per their contract.
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- Uncategorized
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