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Standard Chartered Partners To Launch Mobile Wallet In Uganda
The partnership with MTN will expand the service in Africa, making it the sixth country in Africa where Straight2Bank is available.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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One of World’s Fastest Growing FinTech Startup Launches Its First Engineering Hub in India
Tala plans to build India as the hub for its Asian operations, and the Bangalore team will play an integral role in executing Tala’s vision for the market in the region.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, mobile finance
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Kenya telecoms operators reject money tax
The operators were reacting to Treasury secretary Henry Rotich’s announcement last Thursday that he intends to increase excise tax on mobile money transfers from 10 per cent to 12 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Telenor bets on Asia’s bottom-of-the-pyramid market
Norway's telecom operator expands presence in Myanmar, Bangladesh and Pakistan.
- Categories
- Finance
- Region
- Asia Pacific
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Phone becomes a throw-in for mobile wallet app in South Africa
MyBucks, a company headquartered in Luxembourg that publicly trades in Frankfurt, was founded in 2011 to make microloans to small businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Rising wave of e-frauds puts Nigerian economy at risk
Recently, Nigerian banks were among the ones targeted by the North Korean hacker, Lazarus. The Central Bank of Nigeria, CBN, rates e-fraud as the biggest risk in the sector which has widely incorporated electronic payment solutions such as Automated Teller Machines, ATMs, NIBBS Instant Payment, NIP, and mobile banking.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Is Financial Inclusion Stalling? The 2017 Findex Results Raise Several Red Flags
The Global Financial Inclusion Database (Findex) - one of the most authoritative yardsticks on the state of financial inclusion - finds that 69 percent of the world’s adults now have bank or mobile money accounts. But while that's an exciting headline, it's also misleading, as millions of those newly opened accounts are lying dormant. And that's just one reason why industry stakeholders have found the latest Findex data underwhelming. Elisabeth Rhyne and Sonja Kelly at the Center for Financial Inclusion at Accion unpack some of the troubling stats – and highlight a few bright spots.
- Categories
- Finance
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Almost half of the world’s population still doesn’t use a bank account
The World Bank recently released data on the state of global financial inclusion, and the results are eye-opening.
- Categories
- Finance