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Omidyar Network spins out its fintech investment arm as Flourish, with up to $300 million
Equipped with up to $300 million in capital for operations and investments, the new Flourish will continue to invest around the Network’s core mission of backing companies with a dual focus on making a social impact and achieving quality financial returns.
- Region
- North America
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Mexican central bank in talks with Amazon about new mobile payments
The payment system, known as CoDi, is being built by central bank Banco de México, known as Banxico. CoDi will allow customers to make payments online and in person through smartphones free of charge using QR codes.
- Categories
- Finance, Technology
- Region
- Latin America
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Nigeria, others to push mobile money accounts to 110 million by 2024, says GSMA
“The mobile money industry is fast-evolving against a backdrop of increasing internet access and smartphone adoption, and now more than ever, mobile’s unparalleled global scale provides a tremendous opportunity to reach the 1.7 billion people who remain financially excluded, said Mats Granryd, Director General, GSMA.”
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Regarding Facebook’s cryptocurrency
This is not Facebook’s first venture into virtual currencies, payments, or peer-to-peer payments via messenger app.
- Categories
- Finance, Technology
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MTN, Ericsson extend mobile money deal
MTN and Ericsson have signed a five-year contract extension to deploy new products and provide managed services for mobile money services in 13 countries across Africa and the Middle East.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Mastercard and Angaza shine for payments in emerging markets
San Francisco-based Angaza provides a pay-as-you-go (PAYG) embedded metering and monitoring technology, while Mastercard brings its digital payment solutions and infrastructure including QR technology.
- Categories
- Energy, Finance, Technology
- Region
- South Asia
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Press release: GSMA Report Highlights 20 Per Cent Annual Increase in Mobile Money Accounts to More Than 866 Million Worldwide
“The mobile money industry is fast-evolving against a backdrop of increasing internet access and smartphone adoption, and now more than ever, mobile’s unparalleled global scale provides a tremendous opportunity to reach the 1.7 billion people who remain financially excluded.”
- Categories
- Finance
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Client Protection in the Age of Fintech: New Standards Promote Best Practices in Digital Finance
Technology has vast potential to improve lives, and fintech is no exception – but it also has some clear risks and downsides. And linking a complex industry like digital finance with client protection is no easy task. Lucia Spaggiari at MFR and Isabelle Barres at Accion’s Smart Campaign explore their organizations’ joint efforts to tackle this challenge through new client protection standards for digital credit providers. They invite people to provide input on these draft standards during the six-week public comment period, which runs until March 22.
- Categories
- Finance, Technology