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T-Mobile reaches out to U.S. Latinos with mobile money
T-Mobile has now become notorious for upending the wireless industry with its "Uncarrier" plans, and now the company is planning to "un" bank your finances. After surveying the market and finding that banks were charging too many fees and weren't appealing enough to customer needs - including U.S. Latinos - T-Mobile has decided to shake up the banking industry as well with a service called "Mobile Money".
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Nigerian banks, MNOs urged to improve investment in mobile money
Banks and other mobile money operators have been advised to significantly increase their investment in mobile money technology so as to encourage more users of that means of money transfer.
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MasterCard encourages debit, pre-paid cards to advance financial inclusion in India
With a high growth potential, debit and pre-paid cards can be used to accelerate financial inclusion and reaching out to rural India, a senior MasterCard Worldwide official said here today.
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Africa leads in mobile banking
Mobile banking activity is highest in Africa, led by Nigeria, South Africa and Kenya - which has the reputation for being the world's mobile money pace-setter with M-Pesa.
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Efforts to Advance Financial Inclusion of Children and Youth Get Boost
MasterCard and Child & Youth Finance International (CYFI) announced a global strategic partnership aimed at advancing financial capabilities of children and youth, according to MasterCard
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Financial Sector Can Help Bolster Africa’s Economy, Panelists Say
One of the stated aims of this year’s World Economic Forum is inclusion. A panel discussion on Africa’s future, one that included two sitting presidents from that continent, did its best to emphasize that theme.
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- Impact Assessment
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- Sub-Saharan Africa
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Opinion: Statistical illusions do not make a reality for financial inclusion in India
For financial inclusion to be meaningful, it is necessary that people not only have a bank account but also have access to timely and adequate credit at an affordable cost
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- South Asia
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“It is high time for mobile network operators to transform”: The CEO of Eko, on bridging the bank/telco divide
There is no love lost between banks and telcos in many countries. But Eko has found a way to leverage the strengths of both to bring needed banking services to underserved customers. In Part 5 of our Mobile Money Movers series, Eko CEO Abhishek Sinha discusses his company’s unique branchless banking model, and the need for telcos to evolve - perhaps by emulating Facebook.
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