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Press release: Xpress Money Looking to Double Its Mobile Wallet Operations in Africa in the First Half of 2019
Mobile money paved way for financial inclusion in Africa, it plays a vital role in empowering people financially by providing them access to their money - a right that millions of people were deprived of in the region because of poor financial infrastructure. The convenience and safety of the service has led to an increasing demand for mobile money services. Global Money transfer organization Xpress Money, part of the Finablr network of brands witnessed a record 37% growth in Mobile Wallet Credits to Africa last year and foresees a similar trend this year too.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: DFS Lab Announces Open Applications for Fintech Hackathon Focused on the Mojaloop Software
Mojaloop was created by the Gates Foundation's Level One Project, which is aimed at leveling the economic playing field by crowding in expertise and resources to build inclusive payment models to benefit the world's poor.
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Ripple Targets China’s $67 Billion Remittance Market, Plans to Open New Office in Shanghai
In January, Ripple launched the Blockchain Technology Research Scholarship Program (BRSP) in collaboration with Tsinghua University Institute for Fintech Research, a leading, fintech-focused academic institute in Beijing.
- Categories
- Finance
- Region
- Asia Pacific
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Can Mobile Money Boost Financial Inclusion in Southern Africa?
Mobile money offers opportunities for the unbanked to save, spend, and transfer money using just a cell phone. Linda Du ’19, an MBA student at Yale SOM, traveled to Zambia, Malawi and Mozambique to talk with providers, customers, and others about the technology’s potential to give the poor access to the financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Rural Credit Rush in India
Data released by Microfinance Institutions Network, a national body for non-banking finance company-micro finance institutions (NBFC-MFIs), shows that NBFC-MFIs, which focus on lending in rural India, account for the largest chunk of the loan portfolio of the microfinance industry.
- Categories
- Finance
- Region
- South Asia
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Is North Korea Moving Toward a Cashless Society?
According to a Seoul-based online newspaper Daily NK, some North Korean people are apparently using mobile phone credits as currency and a means of commercial transaction.
- Categories
- Finance
- Region
- Asia Pacific
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Fintech leaders debate the future of crypto at Davos
While programs like bitcoin likely won’t be taken up by large governments or financial organizations, there are other applications for blockchain that could prove worthy.
- Categories
- Finance, Technology
- Tags
- blockchain, cryptocurrency, fintech
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A private equity bet in Latin America proves the strength of fintech investments there
Across Latin America, fintech startups have hit billion-dollar valuations and raised hundreds of millions as investors vie for a piece of the region’s growing e-commerce and financial services markets.
- Categories
- Finance, Technology
- Region
- Latin America