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Cyber-threats increase as India goes cashless: Study
As India shifts to a cashless economy, cyber-threats are at a new high with the number of such incidents occurring in banking systems increasing in the last five years.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Why M-Akiba bond may present new headache to many banks in Kenya
The banks, which are already reeling from the effects of interest rates capping, now face huge competition on deposits from the bond, which gives 10 per cent interest a year, above the capped 7 per cent that banks are offering.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Visa pushes further into Africa
Visa has partnered with Interswitch, Africa's integrated payments and transaction solutions company, to bolster adoption of mVisa, the card network’s mobile payment solution, according to Vanguard.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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How Blockchains Could Revolutionize International Aid
It’s this sort of problem–a lack of traceability in aid–that encouraged Thompson to develop a system to transfer and track international development payments. AID:Tech is one of several startups working with blockchain technology, trying to ensure more funds go where they’re supposed to go. “Transparency is really needed in aid and welfare payments because there’s not a functioning system that works globally,” he says.
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- Technology
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Bridging financial inclusion with technology is key
Sonny Singh, Senior VP and GM of Oracle's Financial Services Global Business Unit, tells Anup Jayaram how the company is helping facilitate digital banking in India.
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- Technology
- Region
- South Asia
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There are too many e-wallets in India and most are near-empty
While the Indian e-wallet industry’s size stood at an estimated Rs154 crore in 2015-16, it is expected to zoom to Rs30,000 crore by the end of 2021-22. And everyone, from financial technology companies to banks to the government-backed National Payments Corporation of India, is scrambling for a share of that pie.
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- Uncategorized
- Region
- South Asia
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MobiCash Launches MobiSpaza in South Africa
The new platform is a spaza sector-focused mobile platform and is an inclusive business tool that builds bridges between spaza sector stakeholders, such as private corporations, state-owned entities, co-operatives, and not-for-profit organizations, and the township communities they serve.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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India’s most popular mobile wallet company is pushing to disrupt financial services with a new money market fund
Paytm recently became the second nonbank to leverage India's payment bank initiative, which works to give more consumers access to mainstream financial services. As part of the initiative, Paytm will be able to accept deposits, issue debit cards, and facilitate online transactions, but it won't be able to lend money to consumers.
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- Technology
- Region
- South Asia