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Here’s What the World’s Central Banks Really Think About Bitcoin
Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies.
- Categories
- Finance, Technology
- Tags
- fintech
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China Citic, Baidu launch direct bank in fintech push
China Citic Bank Corp and search engine giant Baidu Inc launched on Saturday a direct banking joint venture, dubbed AiBank, to capitalize on China’s rapidly growing fintech sector.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Who Are Kenya’s Financially Excluded?
After a decade of significant declines in financial exclusion, these new numbers raise the question of whether the strongest mobile money markets, such as those in East Africa, might be reaching a plateau in financial access.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Proudly Introducing The Mastercard Foundation Partnership for Finance in a Digital Africa
We are thrilled to formally launch The Mastercard Foundation Partnership for Finance in a Digital Africa! The FiDA Partnership (the Partnership), established by the Financial Inclusion Program at The Mastercard Foundation (The Foundation), catalyzes knowledge and insights to promote meaningful financial inclusion in an increasingly digital world.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The hidden cost of crime: Tanzanians using mobile money to protect themselves from robbery, says study
While sending money to others is often seen as the primary value arising from mobile money, a forthcoming study in the INFORMS journal Marketing Science, a leading scholarly marketing publication, shows that in developing countries, mobile money provides another important source of value - a form of theft insurance by protecting cash from street robberies and stealing by relatives or burglars at home.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Camilla Nestor Named CEO of Microfinance Information Exchange (MIX)
MIX provides data and analysis on financial service providers, funders and other organizations involved in serving the financial needs of low-income clients through avenues including the MIX Market website, which offers financial and social performance data on approximately 2,000 organizations.
- Categories
- Finance
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M-pesa users up 50% in three markets – Vodacom
Reporting its results for the six months to the end of September, Vodacom CEO Shameel Joosub said m-pesa customers and transaction numbers grew impressively in Tanzania, Mozambique, Lesotho and the Democratic Republic of the Congo (DRC).
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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African Economic Growth Rides on Wireless Rails
From the Atlantic to the Indian Ocean, hand-held phones are letting people become their own ATMs, increasing economic activity by enabling payments for food, travel, school and business. Wireless communication is driving economic growth in sub-Saharan Africa much as the railroad did in the 19th-century U.S., accounting for almost a tenth of global mobile subscribers and a growth rate that's beating the world.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa