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Gpay Raises Series a From KB Financial to Expand Its E-Wallet Platform in Vietnam
The fresh funds will be used to expand Gpay's team and customer base and also upgrade its tech solutions
- Categories
- Entrepreneurship
- Region
- South Asia
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Analysis: How the Regulatory Framework for Crowdfunding Platforms in Southeast Asia Will Benefit SMEs and Investors
Peer-to-peer (P2P) lending has come a long way since its early days as a casual crowdfunding platform. Today, individual borrowers and small and medium-sized enterprises (SMEs) can access loans without the hassle of going through banks and lengthy financial assessments.
- Categories
- Finance
- Region
- South Asia
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Grab Raises $300 Million for Fintech Arm’s Ambitious Expansion
Southeast Asian ride-hailing and food delivery giant Grab has raised more than $300 million from investors led by South Korea’s Hanwha Asset Management Co. Ltd for its rapidly-expanding financial services business.
- Categories
- Finance
- Region
- South Asia
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SEC vs Chaka: Regulation May Be Coming to Nigeria’s Investment-Tech Platforms
The consumer side of Nigerian fintech is full of new activity. Digital lenders offer loans in minutes, cryptocurrency first-movers abound, and startups are helping users invest in reliable financial assets.
- Categories
- Entrepreneurship, Investing
- Region
- Sub-Saharan Africa
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Paypal’s Xoom Offers Money Transfers to Mobile Wallets in 12 African Countries
Xoom, PayPal’s money transfer service, has announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Central Bank of Kenya Puts an End to Free Mobile Money Transfers
According to the CBK, the measure will not be extended anymore meaning that customers will be required to furnish the transfers with transaction fees. The decision also comes a couple of weeks after Safaricom expressed its desire to have the waivers to not be extended.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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A Paradigm Shift for Fintechs: Why a Coherent Data Strategy Has Become a Business Necessity
The global increase in internet access has led to an explosion in digital data, with 33 zettabytes produced in 2018 alone – a number predicted to increase to 175 zettabytes by 2025 (1 zettabyte is 1 trillion gigabytes). Meanwhile, the advent of machine learning and the Internet of Things has changed the way businesses process this information. Analysts at MicroSave (MSC) explore how fintechs can leverage this new data and analytics technology to obtain a competitive edge – and to benefit their customers.
- Categories
- Finance, Technology
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Majority of ASEAN Region Fintech Firms Are Planning to Raise Additional Funds While Expanding Operations in 2021: Report
Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
- Categories
- Technology
- Region
- South Asia
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