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Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million
That GuiaBolso has emerged as a bright spot in the otherwise grim horizon of Brazil’s economic outlook speaks to a broader divergence between the country’s digital economy, which continues to grow, and its offline industries, which have been stumbling since 2015.
- Categories
- Finance
- Region
- Latin America
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Press release: FINCA Accelerating Financial Inclusion Through FinTech Innovation In Tanzania
Hundreds of thousands of low-income people have gained access to financial products including credit, savings and money transfers through leveraging of technology to bring financial services closer to the unbanked.
Despite these significant developments, full financial sector integration continues to elude Tanzania, and the argument is that to promote and sustain financial inclusion growth there must be mobilization of savings to allocate them to households, businesses, and government for productive investments.- Categories
- Finance
- Region
- Sub-Saharan Africa
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Safaricom launches innovation center to move beyond M-Pesa
Named Safaricom Alpha, a priority of the incubator is to identify spending patterns on mPesa and turn those insights into additional Safaricom products — according to Chief Innovation Officer, Kamal Bhattacharya.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, incubators
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Press release: Indonesia Takes First Steps Towards a Digital Fiat Currency Solution with eCurrency
The digital fiat currency solution initiative is to be part of Indonesia’s FinTech regulatory sandbox designed to promote and facilitate financial technology innovation in the country. While multiple mobile money solutions exist in Indonesia, the lack of interoperability and challenges to regulate them have hindered the adoption and development of digital financial services and true financial inclusion for all Indonesians. The eCurrency solution overcomes these challenges.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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This Blockchain-Based Energy Platform Is Building A Peer-To-Peer Grid
WePower is yet to launch, but its proposition is radical. On one side, it’s gathering together producers of renewable energy, including solar, wind and hydro plants. On the other, it’s signing up investors who pay upfront for the right to consume electricity generated by those plants.
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Apple mulls introducing e-payment services in India
India's mobile phone payments market is riding on the wave of surging internet usage as more people get online to buy books, mobile phones, accessories, and apparels. According to a Boston Consultancy Group report, the country's digital payments industry will be worth about $500 billion by 2020.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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IBM launches blockchain partnership for improved cross-border payments
Working in collaboration with technology partners Stellar.org and KlickEx Group, the innovative solution is intended to improve the speed in which banks both clear and settle payment transactions on a single network in near real time.
- Categories
- Finance
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How tech has relaxed Mumbai’s monopoly on finance
With the rise of tech startups that focus on financial services, the traditional banking landscape is transforming — and Mumbai, Delhi-NCR and Bengaluru are competing to become India's fintech capital.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech