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Selling Without Selling Out: How to Avoid Harmful Sales Tactics in Financial Inclusion
You are probably bombarded with offers for useless products on a daily basis, with little consequence other than mild annoyance. But what if you were living at the BoP and the product being offered were at best useless, and at worst likely to undermine your economic future? That's the case for many financial services clients in emerging markets, says Barbara Magnoni of EA Consultants. She explores responsible sales tactics that providers can use to avoid doing more harm than good.
- Categories
- Finance
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Fintech startups took nearly a third of all African venture funding in 2017
While fintech is seen as disrupting the traditional financial sector in more advanced economies, in Africa it is bridging gaps that have not been addressed by the banking industry to begin with. Between 2015 and 2017, African fintech startups including names like Flutterwave and Paystack jointly raised more than $100 million.
- Region
- Sub-Saharan Africa
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Mastercard’s New Platform Helps Kenyan Micromerchants Get Credit–And Restock Faster
Without a financial history, small shop owners struggle to access loans. A new project from Mastercard helps them build up a track record of payments through digitizing their orders from local wholesalers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Cambodia Has Its Own Mobile Payment App, But Will It Catch On Beyond Phnom Penh?
Pi Pay, although little-known outside of its native Cambodia, has scaled quickly to become a ubiquitous digital wallet solution and the first e-commerce app to gain real traction in a city where many residents still refuse to trust credit cards and banks.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Fintech must serve the real economy, Chinese regulator says
In a speech at the Asian Financial Forum on Monday, Jiang Yang, vice chairman of the China Securities Regulatory Commission, said the development of fintech should support the wider economy, instead of profiting only "a small group of people."
- Categories
- Finance
- Region
- Asia Pacific
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IFMR group looks to appoint investment banks for share sale
IFMR group, which provides financial services to lower income population and the companies serving this segment, plans to go public and is in talks to hire investment banks for the same, two people aware of the development said.
- Region
- South Asia
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McDonald’s Philippines goes cashless with PayMaya
Over 40 McDonald’s restaurants nationwide have started accepting card payments for all types of Mastercard and Visa credit, debit, and prepaid cards, through a collaboration with PayMaya Philippines.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Growing Success of Telkom and Equitel Could Shift Kenya Mobile Money Dominance Debate
As Kenya waits for the publication of the controversial report on market dominance by the Communications Authority of Kenya (CAK), latest data from the Telecoms regulator shows that rivals can eat into Safaricom’s market share. The total mobile subscriptions recorded by Telkom Kenya jumped by 18.5 per cent to stand at 3.4 million from 2.8 million reported in the previous period, according to the first quarter report covering July and September 2017.
- Categories
- Finance
- Region
- Sub-Saharan Africa