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Visa, PalmPay To Drive Financial Inclusion In Nigeria, Others
Visa, the global payments technology company and PalmPay, a new player in Africa’s Fintech industry, have announced a partnership to advance financial inclusion across Africa through access to digital payment services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit Is Working With Paga to Roll out International Digital Money Transfers in Nigeria
WorldRemit is expanding its service offering beyond bank transfer and airtime top-up to include mobile money service. The partnership with Paga will allow WorldRemit customers in over 50 countries to send money directly from their phones to 11 million Paga mobile money accounts in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Naspers Arm PayU Buys Fintech Startup Wibmo in $70 Million Deal
Founded in 1999 by Setlur and Veena Mistry, Wibmo provides digital payment security technology in India and other emerging markets.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech, startups
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This new form of currency could transform the way we see money
CBDC may be issued for general use (“retail” CBDC) for peer-to-peer payments and payments from consumers to merchants; or for use by commercial banks and clearing houses (“wholesale” CBDC) for more efficient interbank payments that occur outside traditional correspondent banking and other payment systems.
- Categories
- Finance
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Don’t Fear the Algorithm: The Risks and Benefits Of Machine Learning in Finance
Billions of people around the world lack access to basic financial services, and far too many promising entrepreneurs are deprived of financial opportunities simply because they don’t have a credit history. As JUMO founder and CEO Andrew Watkins-Ball sees it, this lack of access is fundamentally a technology problem – and machine learning can help solve it. But algorithm-assisted banking is not without risks: Watkins-Ball discusses its benefits and downsides, and how it's powering JUMO's work in Africa and Asia.
- Categories
- Finance, Technology
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M-Pesa helps drive up Kenyans’ access to financial services – study
The proportion of Kenya’s population with access to formal financial services rose to 83 percent from 75 percent in 2016, driven largely by mobile technology, a survey part-conducted by the central bank showed on Wednesday.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Why Fintech Startups Are Rapidly Becoming Unicorns in Latin America
In the past few years, over 300 fintech startups have been born in Mexico alone, coming in just second to Brazil, which boasts nearly 400 startups in its own fintech sector.
- Categories
- Finance, Technology
- Region
- Latin America
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Race is on for Southeast Asia ‘super app’ amid internet economy growth expectations
Southeast Asia’s internet economy is set to grow but experts say that providers must focus on building trust by showing that mobile technology can help the marginalized.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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