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Digital Payments and Cash Hoarding Are Both Hitting Record Highs in India
The Covid-19 pandemic has given a booster shot to digital transactions in India, but cash is still king.
- Categories
- Finance
- Region
- Asia Pacific
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Majority of ASEAN Region Fintech Firms Are Planning to Raise Additional Funds While Expanding Operations in 2021: Report
Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
- Categories
- Technology
- Region
- South Asia
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Transaction Volume for Direct Debits Jumps by 54% as More Nigerians Adopt Usage
FINANCIAL SERVICESTransaction volume for Direct debits jumps by 54% as more Nigerians adopt usage
A recent Banking Sector Report by the NBS has disclosed that direct debits increased by 54% in Q3 2020.- Categories
- Finance
- Region
- Sub-Saharan Africa
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A Boon for Online Commerce: How COVID-19 is Transforming the Industry in Bangladesh
COVID-19 has been merciless to the world and its economy in general. But according to analysts at MicroSave (MSC), it has boosted a few sectors – like digital/contactless payments, e-commerce and Facebook commerce (or f-commerce). They explore how the pandemic is accelerating the online commerce industry in Bangladesh, and how regulators and other stakeholders can support its growth.
- Categories
- Coronavirus, Finance, Technology
- Tags
- COVID-19, digital payments, e-commerce, MSMEs
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Analysis: Is Bangladesh Ready to Move Towards a Cashless Society?
The Covid-19 pandemic has accelerated the expansion of digital payments all over the world. Bangladesh too has witnessed robust growth in digital payments during the pandemic. The countrywide lockdown for more than three months has proved beneficial to such growth as people have become familiar with various digital payment systems.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Mastercard and USAID Partner to Launch ‘Project Kirana’ for Women Entrepreneurs
The project aims to build financial and digital literacy and improve basic business management skills to help women become successful kirana entrepreneurs.
- Categories
- Finance
- Region
- Asia Pacific
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YC-Backed Cashfree Raises $35.3 Million for Its Payments Platform
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 million in a new financing round as the profitable firm looks to broaden its offering.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
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