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Press Release: WorldRemit Announces Global Remittance Partnership With Alipay
WorldRemit has announced a partnership with Alipay, the world's leading payment and lifestyle platform, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world.
- Categories
- Finance
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Changing Mindsets to Empower Women: Roshaneh Zafar, On How Kashf Foundation Helped Microfinance Take Root in Pakistan
There was no shortage of skeptics when Roshaneh Zafar first started talking about launching a microfinance institution with a focus on women's empowerment in Pakistan. But over two decades after founding Kashf Foundation, Zafar has proven them wrong. In this video Q&A, she discusses how she brought the first specialized microfinance institution to Pakistan – and crafted an approach that helps the country's female entrepreneurs overcome the unique barriers they face.
- Categories
- Finance
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Vodafone Is the Eighth Company to Quit Facebook’s Digital Currency Project
British telecommunications firm Vodafone has pulled out of the Libra Association, raising further doubt that the digital currency will get off the ground this year as planned.
- Categories
- Finance
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Optimism, Confusion and Soul-Searching: The Financial Inclusion Compass 2019 Reveals a Sector at an Inflection Point
It's not your imagination: Financial inclusion is getting more complex. As Sam Mendelson at e-MFP points out, the sector expands in depth and breadth each year – from new products and players to increased expectations of impact. To cut through the confusion, e-MFP publishes The Financial Inclusion Compass, a report based on a broad survey of stakeholders, who share their views on the sector’s present and future. He discusses some highlights from the 2019 report.
- Categories
- Finance
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Catalyst Fund Secures $15M Commitment from UK Aid, JP Morgan
With the additional investment, Catalyst Fund will support the development, growth and reach of 30 new fintech solutions to boost financial inclusion for an additional 1 million underserved people in Kenya, Nigeria, South Africa, India and Mexico, it said in a statement.
- Categories
- Finance
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Bamboo Capital Exits Accion Microfinance Bank
Bamboo Capital Partners, an impact investing platform, has successfully exited its indirect stake in one of the leading microfinance banks in Nigeria, Accion Microfinance Bank (Accion MfB).
- Region
- Sub-Saharan Africa
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2020 Will See Mass Market Adoption of Financial Inclusion. Here’s Why.
For many years financial inclusion has been considered a social initiative, part of corporations’ “doing good” role. But according to Josh Gosliner at Juvo, it’s becoming clear that there has to be a bottom-line incentive for companies to direct the necessary resources to the problem. He explores three trends, powered by the emergence of digital technology and big data, that promise to generate transformative business opportunities in financial inclusion in the coming year.
- Categories
- Finance
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Cash Is Dying, and the Unbanked Are Being Left Behind
A report by the Boston Consulting Group identified five main barriers to cashless payment systems: high cost of electronic payments to retailers, lack of solutions for the customer, lack of governmental support, insufficient trust in digital payments, and an absence of support infrastructure. And those reasons make sense.
- Categories
- Finance
- Region
- North America
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