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How Thousands of Americans Got Caught in Fintech’s False Promise and Lost Access to Bank Accounts
The collapse of middleman Synapse has revealed fintech’s promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits have been locked out of their accounts.
- Categories
- Finance, Technology
- Region
- North America
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Fintech for Gig-Workers OCN Raises $86 Million
OCN is the leading Fintech for gig workers across the Americas.
- Categories
- Finance, Technology
- Region
- Latin America
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Vietnam Mandates Facial Recognition for Digital Payments Above $390
The new policy change received validity from the State Bank of Vietnam at the start of July, with the banking regulator hinting at a strict enforcement of the rules.
- Categories
- Technology
- Region
- South Asia
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Telecom Industry Coalition to Boost Access to Smartphones in Poor Countries
The coalition will assess ways to lower the cost of entry into the digital economy for low-income populations, particularly in Sub-Saharan Africa and South Asia.
- Categories
- Technology, Telecommunications
- Region
- Global
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NALA Raises $40 Million to Build Cross-Border Payments for Emerging Markets
The new funding will accelerate NALA's global ambitions on its consumer business expanding beyond Africa, and building services for the global migrant diaspora.
- Region
- Sub-Saharan Africa
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Tiger Global-Backed Minka Is the Latest Latin American Fintech to Set up Shop in Africa
Minka’s arrival in East Africa follows a trend of Latin American fintech companies expanding into Africa.
- Categories
- Finance, Technology
- Region
- Global
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Norfund Invests $20 Million in APIs Growth Markets Fund III to Propel Fintech Expansion in Developing Economies
Norfund aims to address the financial needs of underserved populations by broadening its investment strategy to include fintech ventures.
- Categories
- Finance, Technology
- Region
- Global
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OPay and Moniepoint Issue $17 Million Verve Cards as Nigerian Fintechs Switch From Visa and Mastercard
A change in consumer behaviour and macroeconomic conditions are leading Nigerian banks to issue local cards like Verve to customers, dumping international card schemes like Visa and Mastercard.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech