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Uganda’s finance minister says mobile money tax may be reviewed
Uganda’s finance minister told journalists on Monday that a new tax on mobile money transactions in the country that was approved by parliament last week, is different from what the cabinet agreed.
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- Finance
- Region
- Sub-Saharan Africa
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Singapore, India to boost fintech collaboration
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
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- Finance
- Region
- Asia Pacific
- Tags
- fintech
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MTN Ghana makes history with first mobile money-based IPO
The IPO is the largest ever undertaken by the country and if successful could set the stage for other companies to test the market.
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- Finance
- Region
- Sub-Saharan Africa
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Uganda’s parliament approves social media and mobile money taxes
The new taxes that take effect in the next financial year will see Ugandans pay a 1% tax on all mobile money transactions while they will also be charged 200 shillings ($0.027) for every day they access social networking sites like Facebook, Twitter and WhatsApp.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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WhatsApp Hastens Payments Push for 200 Million Indians
“WhatsApp has a great starting point: a monopoly in chat,” said Vivek Belgavi, leader for financial technology at PwC India. “High engagement makes it a credible competition.”
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- Finance
- Region
- South Asia
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
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- Finance
- Region
- Asia Pacific
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Kenyan regulator could force Safaricom to share agents’ network
Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls 72 percent of Kenya’s mobile market, with close to 30 million subscribers.
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- Finance
- Region
- Sub-Saharan Africa
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Kenya moves to regulate fintech-fuelled lending craze
“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday.
- Categories
- Finance
- Region
- Sub-Saharan Africa