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Mobile Payment Transactions Hit N271 Billion in Nigeria
In spite of the initial apathy to the mobile payment initiative of the Central Bank of Nigeria (CBN), there are indications that the policy is gaining traction as the total value of mobile payments in the country amounted to N271 billion for 25 million transactions as at end of May.
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Citi celebrates small successes with microentrepreneurship awards
Six microentrepreneurs, two lenders awarded
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Reserve Bank of India’s relaxation of know-your-customer norms to boost financial inclusion
Bankers and industry experts believe that this will not only bring migrant workers but also students and people with a transferable job in the banking fold
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Mobile money remittances for Zimbabwean expats
Expat Zimbabweans now have an alternative remittance service thanks to Econet Wireless partnering with cash transfer firm WorldRemit on a mobile money offering.
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Soon, Indians won’t need smartphones for mobile money transfers
FM might next month launch mobile banking services for people not using smartphones, the move aims at pushing financial inclusion in India
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Part of the Problem – or Part of the Solution?: EMERGE conference challenges financial service providers to raise their game in serving low-income Americans
Approximately 46.5 million Americans live in poverty, due in part to the 2008 economic crisis. But the industry that sparked the crash may be part of the solution, as financial service providers show increasing interest in the low-income market. In the first post in our Domestic Financial Innovation series, we explore the industry’s shifting attitudes toward bank and non-bank players.
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World Bank, Firstmonie partner to advance mobile money in Nigeria
The World Bank through its subsidiary the International Finance Corporation (IFC) has announced a partnership with First Bank of Nigeria’s Firstmonie to advance mobile money services in Nigeria.
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