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The Group Overseeing Facebook’s Libra Cryptocurrency Will Apply for a Payments License in Switzerland
The Libra Association, the organization in charge of overseeing Facebook’s proposed cryptocurrency, said Wednesday it will apply for a payments license in Switzerland.
- Categories
- Finance
- Region
- Europe & Eurasia
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Zimbabwe’s EcoCash Woes Show Dangers of Early Reliance on Mobile Money
The growth of EcoCash was driven by its ability to extend financial inclusion by drawing in previously unbanked customers. But recurrent power blackouts and food shortages in the context of a currency crisis are now showing the fragility of that model.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India Post Payments Bank Rolls out Aadhaar-Enabled Payment Services
With AePS services, any person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.
- Categories
- Finance
- Region
- South Asia
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Press Release: Mayada El-Zoghbi Is the New Managing Director of the Center for Financial Inclusion at Accion
"For more than a decade, CFI has played an important role, challenging and engaging the financial services industry to better serve, protect, and empower people around the world. I am pleased that Mayada El-Zoghbi has accepted to join as the new managing director. Her extensive experience in research and advocacy position her as the right leader to build on CFI's strong foundation of innovative, industry-shaping work," said Accion CEO and President Michael Schlein.
- Categories
- Finance
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Rwanda Is the Latest African Country Considering a National Digital Currency to Boost Financial Inclusion
Rwanda is the second African country to show an interest in a digital currency this year. Earlier in 2019, South Africa’s central bank announced that it was doing a feasibility project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Missing Piece of the Fintech Puzzle: How Local, Informal Networks Play a Crucial Role in Remittances
The spread of fintech is bringing millions of emerging markets customers – and their relations – into the realm of formal finance. But though they're powered by futuristic technologies, fintech initiatives are often built on complex community networks and informal methods of transacting that have existed for centuries. Researchers Daivi Rodima Taylor and Bill Maurer explore the implications of these roles, relationships and social intermediaries for financial service design.
- Categories
- Finance
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Viewpoint: Libra’s Top-Down Model Doesn’t Match Its Financial Inclusion Mission
Though the use of Libra to pay for a Spotify subscription, an outfit on Farfetch, or a holiday on Booking.com is certainly an on-ramp for mainstream adoption, the appeal and necessity of such services to the underbanked, as part of the currency’s underlying mission, is mismatched.
- Categories
- Finance
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Who Owns Poverty?: A Q&A with Fundación Paraguaya Founder and CEO Martin Burt
Why do so many anti-poverty efforts fail? And what should we do differently? In his new book, "Who Owns Poverty," Fundación Paraguaya founder and CEO Martin Burt explores those questions from the viewpoint of the real experts: poor families themselves. He presents some key insights from the book in this Q&A – and the book is available to NextBillion readers at a discount (or as a free e-book)!
- Categories
- Finance, Social Enterprise
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