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Fintech Adoption: Mobile, Digital, and Contactless Payments Increasingly Being Used in Indonesia Due to COVID-19
The COVID-19 outbreak has created significant socio-economic challenges, which have impacted individuals and businesses across the globe. More people are now spending time at home due to government-enforced nationwide lockdowns.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Bangladesh Faces a Crisis in Remittances Amid COVID-19
The economic importance of the more than 10 million migrants from Bangladesh who sent close to $18 billion in 2019 cannot be overstated. International remittances normally represent around 7% of Bangladesh’s GDP. But the COVID-19 pandemic is having an acute effect on Bangladeshi migrants abroad, who are largely concentrated in countries with strict lockdown measures. Considering the large volume of Bangladeshi migrants in the Middle East, secondary economic impacts through depressed demand and falling oil prices will also likely add strain to the flow of remittances.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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A New Test for Old Technology: How COVID-19 is Sparking Innovation in PayGo Financing for Biodigesters
Biodigesters transform animal manure into high-quality fertilizer and biogas, replacing the need for wood-burning cooking stoves – and PayGo financing enables smallholders to afford them. But as Laura Harwig at Feed the Future explains, COVID-19 has made it harder for farmers to make their payments. She explores how the biodigester company ATEC* has adapted its PayGo model to help farmers weather these challenges.
- Categories
- Agriculture, Coronavirus, Technology
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Identification Management: The Key to Digital and Financial Inclusion in Nigeria
In a report titled 'State of Play: Fintech in Nigeria' by The Economist Intelligence Unit, sponsored by MTN Nigeria and Mastercard, examined key trends in the fintech sector in Nigeria and assessed both industry drivers and impediments to growth in the sector.
- Region
- Sub-Saharan Africa
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The Newly-Launched Uber Cash Is the New Nightmare for Uber Drivers in Africa
Five days ago, global ride-hailing giant, Uber, announced the addition of a new payment feature to its app for users in Africa. However, this is the sort of development that would’ve gotten Uber drivers bummed as much as it got Uber and its users pumped.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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How Coronavirus Is Impacting Digital Payments in Emerging Markets
Digital payments have been growing rapidly in emerging markets over the last ten years or so, since the establishment of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex. MPESA relies on 120,000 retail agents who take in and dispense cash to users around the country, and in 2017, MPESA processed 1.7 billion payments […]
- Categories
- Coronavirus, Finance, Technology
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Do Cash Payments Have a Bright Future After COVID-19 in Emerging Markets?
Pandemic has undoubtedly accelerated uptake of alternative payment methods and helped normalise their usage
- Categories
- Coronavirus, Finance
-
One of Africa’s Smallest Economies Is Plugging Social Welfare Gaps With Digital Cash Transfers
The biggest fear for African countries as the Covid-19 pandemic loomed was the potential shock to under-equipped healthcare systems.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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