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Bharti Airtel-Kotak Mahindra Bank JV Gets Payment Bank License From RBI
India's largest carrier Bharti AirtelBSE 4.20 % received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.
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- South Asia
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Can Bitcoin Be Used for Good?
Something strange is happening to Bitcoin. Once viewed as a way to do business in the darkest corners of the web, the digital currency has rather suddenly become a favorite talking point among humanitarians and international development enthusiasts.
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Nomanini Integrates With M-Pesa for Merchant Cash-In
South Africa-based enterprise payments platform provider, Nomanini has announced it has integrated with M-Pesa in Mozambique, enabled via its local country partner, Mozambique Mobile Solutions (MMS). The move will allow merchants to use mobile money agents to top up their virtual vending accounts on Nomanini terminals.
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- Sub-Saharan Africa
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Pakistan Unveils First Domestic Payment Gateway
Pakistan on Tuesday unveiled the country’s first domestic payment scheme ‘PayPak’ to facilitate ecommerce and improve financial inclusion.
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- North Africa & Near East
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Turning the Microfinance Model Upside Down: An Interview with Jeffrey Ashe
In this frank interview, microfinance pioneer-turned-savings group advocate Jeffrey Ashe discusses the history of the savings group model, how it improves upon microfinance – and why it doesn't get as much attention.
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- Finance
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India’s Prime Minister Launches ‘Stand Up India’ to Promote Financial Inclusion
Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi today launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.
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- South Asia
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Seven Essential Guiding Principles to Boost Financial Inclusion Laid Out in New Report
Seven guiding principles to help countries increase financial inclusion were set out in a report released today by the Committee on Payments and Market Infrastructures (CPMI) and the World Bank Group. The Payment aspects of financial inclusion report builds on a document that underwent public consultation in late 2015 and seeks to tackle barriers to the adoption and usage of transaction accounts, which sit at the heart of retail payment services.
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Over 60 Financial Giants Line Up to Partner With India Post
The vast legacy network of India Post, once perceived to be unwanted baggage and a huge financial burden, is turning out to be its biggest strength. Top global financial firms Barclays, Citibank, Deutsche Bank, Western Union, Visa and domestic giants State Bank of India and Punjab National Bank are among over five dozen companies that have queued up to partner with the payments bank arm of the country's postal department.
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- Uncategorized
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- South Asia