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Mobile payment firms struggle to dethrone cash in Southeast Asia
Mobile payments are ubiquitous in China; a consumer can spend a day without using cash at all in Beijing or Shanghai, and even some beggars accept mobile payments. But cash remains king in Southeast Asia.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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How Vietnam’s Fintech Market Could Reach Nearly $8 Billion By 2020
The Asia-Pacific region saw nearly $15 billion in fintech investments between January 2016 and February 2017 alone. Needless to say, the opportunity in fintech is real--and Vietnam is getting in on it.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: Telenor Microfinance Bank and Mastercard to boost cashless payments in Pakistan
The innovative and cost-effective solution, which first went live in Pakistan in August 2016, makes it easy for customers to pay for purchases for a wide variety of goods and services.
- Categories
- Finance
- Region
- South Asia
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TPG ventures into African market with purchase of $47.5m stake in telco Cellulant
Private equity group TPG has announced its first venture into the African market as its Rise Fund acquired a stake in telco firm Cellulant. TPG will buy a $47.5m stake in the digital payments provider, which reaches around 40 million people over 11 African countries.
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Digital Remittances: Now that they’re here, where are they headed?
Economic migrants send US $600 billion back to their home countries each year, most using expensive "traditional" agent networks, despite the availability of cheaper digital channels. But Xavier Martin Palomas with the Digital Frontiers Institute notes that in the past five years, we've seen a new wave of players and a renewed push toward digitizing remittances. Next month the Digital Frontiers Institute will launch its first course, Remittances in the Digital Age, to study the rapidly changing industry.
- Categories
- Finance
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Advances and lessons learned from BIM, Peru’s first mobile money wallet
BIM recently announced its plans to launch new services in the second half of 2017. It will enable customers to pay electricity, water and telephone bills, as well as have access to micro savings, loans, and microinsurance.
- Categories
- Finance
- Region
- Latin America
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What’s the future of mobile payments in Nigeria?
In March 2018, the Central Bank of Nigeria shared its vision to achieve at least 80% financial inclusion by 2020.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Kenya should complete transition to seamless mobile money platform
An estimated 66 per cent of the combined population of adults in Rwanda, Tanzania, Uganda and Kenya are active mobile money users.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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