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Press release: Inclusivity solutions brings digital insurance to East Africa through partnerships with Equitel Kenya and Airtel-Tigo Rwanda
Equitel’s Riziki Cover and Airtel–Tigo’s Ingoboka Cash, offer subscribers hospital cash cover to individuals and families who are hospitalised. The offers are being extended as both a free loyalty cover as well as an optional, higher value premium cover. Pivotal to the development of these initiatives was Inclusivity Solutions strategic partnership with Reinsurance Group of America (NYSE:RGA), who is serving as the lead reinsurer for both products.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Egypt on the Precipice: Can Fintech Pave the Way for a More Inclusive Financial System?
Financial inclusion in Egypt has persistently lagged behind similar economies for decades. But the country now has all the hallmarks of a market ready to leapfrog: a young population, an enthusiastic embrace of social media, and more mobile subscriptions (110 million) than its population. Sarah Willis of MetLife Foundation and Mayada El-Zoghbi of CGAP lay out four criteria that Egypt must meet to bring meaningful financial services to its low-income communities.
- Categories
- Finance
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MIT, Mastercard Foundation Launch Prize for Financial Inclusion in Africa
The Legatum Centre for Development and Entrepreneurship at the Massachusetts Institute of Technology, in association with the Mastercard Foundation, Wednesday announced the launch of the 2018 edition of the pan-African Zambezi Prize for Innovation in Financial Inclusion.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Gap Inc. Sets New Goal For Apparel Suppliers To Pay Garment Workers Digitally By 2020
More than 60 percent of Gap Inc.’s supplier factories already provide digital payments methods, such as online transfers to bank accounts or mobile wallets. The new goal will help scale this progress across the company’s global supply chain and positively impact the lives of more than one million garment workers.
- Categories
- Finance
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Ghanaians to make int’l payments with mobile money as MTN partners Google
The Chief Executive Officer of MTN Ghana Ebenezer Asante has revealed that subscribers of MTN mobile money can now pay for any transaction across the world through the Google platform.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Tortoise and the Hare: India and China Put Different Paths to Digital Finance to the Test
In 2016, some US$18 trillion changed hands via non-bank digital payment transactions in China – a value larger than its GDP. Meanwhile, though its population is roughly the same, India's digital finance industry has lagged far behind. But thanks to new digital infrastructure and evolving regulations, this situation is changing fast. Like the tortoise in Aesop’s fable, will India catch up with China, which has bounded ahead at hare-like speed? David Porteous at the Digital Frontiers Institute explores the two countries' approaches and their implications for other emerging markets.
- Categories
- Finance, Technology
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To sell payment services in rural India, MoneyOnMobile borrows a U.S. model
In India, tens of millions of merchants still operate largely in cash with a mostly unbanked rural population. Technology could solve their problems, but the bigger differentiator may be in how payment services are sold.
- Categories
- Finance
- Region
- South Asia
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Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services
The Singapore-based company has been pushing itself into fintech for some time, with the most visible moment being the launch of its mobile payments service last November. Today, it extended that further still by introducing micro-loans and insurance options for Grab drivers and businesses that use its GrabPay services.
- Categories
- Finance
- Region
- Asia Pacific
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