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Press release: Kora Gateway launches, bringing improved financial services to emerging markets
Kora, the largest blockchain project out of Africa, has launched a new wallet that aims to provide access to low cost financial services to populations that have historically had little to no access to them.
- Categories
- Inclusive Fintech
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JP Morgan, Gates, Dell give $9.5 million for India’s Financial Inclusion Lab
American philanthropic investors are now coming in to further push India’s digitisation drive and financial inclusion.
- Categories
- Inclusive Fintech, Investing
- Region
- South Asia
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India Post Payments Bank Launch Eyes Financial Inclusion
The financial institution (FI) is now reportedly set to open an additional 648 branches throughout the country this month. In fact, there will be at least one branch in every district.
- Region
- South Asia
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The Vanishing American Dream: The Long Road to Financial Stability
The American economy is growing. Unemployment is down, incomes are inching up and the days of the Great Recession are but a distant memory... except for one thing: A shocking 57 percent of the country—approximately 138 million Americans—are struggling to make ends meet. Jennifer Tescher of the Center for Financial Services Innovation and Tilman Ehrbeck of Omidyar Network say the time to address this crisis is now. They share some promising innovations – and a new research tool – that could help.
- Categories
- Inclusive Fintech
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Telecoms, Bank of Uganda want mobile money tax scrapped
Starting July 1, 2018 government introduced a 1% tax on all mobile money transactions and Shs 200/daily levy on social media usage. Following public outcry and pressure, government has since tabled an amendment bill, Excise Duty Amendment Bill No. 2, 2018 to have the mobile money tax reduced to 0.5% and only limited to withdrawals.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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A Shifting Frontier: How Mobile Money is Reshaping the Gender Gap in Financial Inclusion
Mobile banking can undoubtedly be a useful tool when it comes to closing the financial services gender gap – with the key word being "can." But as the results of the Global Findex report show, fintech is no panacea for addressing longstanding disparities in financial access, and the gap between men and women remains great. Scott Graham of FINCA International explores the potential – and limitations – of digital finance to boost women’s inclusion and empowerment.
- Categories
- Inclusive Fintech
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Press release: ‘Easypaisa Loan’, Pakistan’s First Digital Nano Loan Launched By Telenor Microfinance Bank
This innovative service is aimed at the common man who has no access to formal loans or banking services. It enables easy access to working capital requirements for farmers, self-employed individuals, street hawkers, and home-based workers. It also works as an effective tool in creating financial literacy by incentivizing positive credit behavior through access to better borrowing terms.
- Categories
- Inclusive Fintech
- Region
- South Asia
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Press release: BFA’S Catalyst Fund Initiative that Accelerates the Future of Fintech in Emerging Markets Reaches 20 “Inclusive Fintech” Companies
“Bank accounts and payment transfers are receiving a lot of attention and are growing in the number of subscribers, but they aren’t being used with the frequency that you’d expect,” said David del Ser, a Director at BFA. “We’re accelerating inclusive fintech companies whose solutions will achieve greater usage and help address the complete financial lives of these populations — there is great need and demand for these kinds of products and services in emerging markets.”
- Categories
- Inclusive Fintech
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