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Moving Beyond Credit: Why Savings Should Take Center Stage in Digital Financial Inclusion
As mobile money continues to overtake traditional banking in emerging markets, putting financial services within reach of the unbanked, credit remains front and center in the conversation. But Buhle Goslar at JUMO says it's time to focus on an important yet underutilized tool that could help promote a well-rounded, healthy financial life for excluded customers – savings. She details how new tech and training programs can go beyond simple access and towards a new culture of savings.
- Categories
- Finance, Technology
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Viewpoint: Impact Investing Can Unlock the Potential of Blockchain in Africa
Impact investors should wake up to the potential of blockchain. The positives of security and transparency via distributed ledgers outweigh the negative perceptions, such as the ICO bubble.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Singaporeans Can Now Pay for Their Ride With Go-Jek Using DBS Bank’s E-Wallet
Go-Jek has integrated DBS Bank's e-wallet into its platform to drive cashless mobile payments for consumers in Singapore.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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African Development Bank launches Africa Digital Financial Inclusion Facility
The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit Intros Money Transfer Service for SMEs
According to WorldRemit, the new service will make it easier for local enterprises to receive payment by UK-based partners via their bank account or cash pick-up. While some banks can take up to one week to process payments, WorldRemit says its transfers to SA are processed within 24 hours or less.
- Categories
- Finance
- Region
- Europe & Eurasia
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Uber Is Pivoting to Fintech, Something Asian Startups Have Been Doing for Years
The fintech pivot has been important part of the playbook for Asian ride-hailing companies for years. India’s Ola made fintech a priority in 2015 after spinning out its payment service, Ola Money, into a standalone app, according to Tech Crunch. Indonesia’s Go-Jek started its Go-Pay service in 2016, while Malaysia’s Grab made a major push into fintech two years ago.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, startups, transportation
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Fintech and Cleantech… an Odd Couple or a Perfect Marriage?
Startups focused on non-emitting-generation resources were once lauded as the next big cash cow, but the sector’s hype quickly got away from reality.
- Categories
- Energy, Environment, Finance, Technology
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MTN Introduces Africa’s ‘First’ AI Service For Mobile Money
The AI mobile money “assistant” enables customers to engage with MTN’s MoMo services, including payments, on various social media platforms such as WhatsApp and Facebook Messenger, and via SMS.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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