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Securitization portfolio of Indian microfinance industry plummets in Q3 due to note ban
The cash-intensive microfinance industry’s securitisation portfolio plummeted in the quarter ended December because of demonetisation, according to a report released on Thursday by Microfinance Institutions Network (MFIN).
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- Technology
- Region
- South Asia
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Meet The App That’s Empowering The Women Of Myanmar To The Bank
Financial inclusion is a topic of growing importance in countries such as Myanmar, where advances in tech are rapidly changing the dynamics in how people access financial products. As I wrote in 2016, fintech companies are capitalizing on Myanmar’s rapid development and increasing smartphone and internet penetration by offering digital financial products.
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- Technology
- Region
- South Asia
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Midiwo in another attempt to cut Safaricom’s stranglehold in telco market
Leading communications service provider Safaricom could be spilt into several smaller entities following a new push by Parliament to break the firm’s lead in the financial sector. National Assembly Deputy Minority Leader Jakoyo Midiwo (Gem) is seeking an amendment to the Kenya Information and Communications Act (1998) to have telecommunication companies separate their businesses along lines of service provision.
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- Technology
- Region
- Sub-Saharan Africa
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Kenyan Banks Have Joined Forces to Launch a Mobile Money Rival to M-Pesa
Nearly ten years after its launch, M-Pesa finally has what could be a major competitor in the multi-billion dollar mobile money transactions business.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Tanzania: Mobile Cash Transactions Rise Five-Fold Over the Past Year
The amount of cash transacted across networks of mobile phone platforms reached Sh988.9 billion during the second half of last year as telecom firms become an increasingly important payment avenue, giving commercial banks a run for their money.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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mClinica raises $6.3m to transform global health data
The round is one of the largest financings for a health tech startup in Southeast Asia, according to Tech in Asia data. It was led by Silicon Valley-based Unitus Impact and joined by London-headquartered Global Innovation Fund, MDI Ventures of Indonesia, and US-based Endeavor Catalyst. Existing investors 500 Startups, IMJ Investment Partners, and Kickstart Ventures also put in some cash.
- Categories
- Health Care
- Region
- Asia Pacific
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Mastercard Commits to Financially Including Over 150,000 Kenyan Merchants With Masterpass QR
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR. The mobile driven, Person-to-Merchant payment solution will be introduced through various financial institutions and other partners in the market from February onwards.
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- Technology
- Region
- Sub-Saharan Africa
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Using Evidence to Optimize Savings and Loan Payment Channel Choices
The OPTIX team at BFA, along with partner Banco WWB in Colombia, set out to learn more about various client interactions with financial service providers; for instance, why do clients choose a certain transaction location? The work is designed to help Banco WWB strengthen their business while creating a more compelling portfolio of services for their customers’ needs.
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- Finance