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Kenya’s BitPesa Closes $2.5M Funding Round
Kenyan digital currency payments platform BitPesa has closed a US$2.5 million series A funding round, with a view to expanding its services further across West and Southern Africa, as well as in the UK and Europe.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Leveraging India’s Digital Transformation: Three Lessons for MFIs
As India continues its digital transformation, Grameen Foundation India has helped several MFIs transition to a digital financial services platform, and along the way developed some key lessons MFIs should keep in mind: conduct a thorough analysis of your business requirements before you select a digital financial services provider; don't discount the value of effective change management; and pay close attention to client education.
- Categories
- Technology
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Airtel plans Africa stakes sales in bid to reduce debt, stay afloat
The Indian parent company of struggling mobile operator Airtel Kenya is set to sell stakes or merge some of its African units in a bid to stay afloat and reduce its debt burden.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Indonesia’s Largest Private Bank Launches $15 Million Fintech VC Firm
Indonesia’s Bank Central Asia (BCA), the country’s largest private bank, has steamrolled its way into the Fintech space with an investment of 200 billion rupiah (approx. $15 million) in financial technology startups and companies.
- Categories
- Investing
- Region
- South Asia
- Tags
- fintech
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Here are the 10 startups chosen for India’s first ‘Startupbootcamp FinTech’
FinTech is at the forefront of the transformation in the financial industry and is changing the way value and ownership is exchanged, the risk is managed and transactions are performed. While this transformation is taking place across the globe, India's growing economy and large and under-tapped consumer base provide a significant opportunity for innovation in the sector.
- Categories
- Technology
- Region
- South Asia
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5 Reasons Why India’s Aadhaar Journey Since 2014 Is Incredible
Numbers speak. In the case of Aadhaar — India’s biometric-based unique identification scheme for all citizens — the numbers are massive. What started merely as a unique identification programme six and a half years ago graduated to becoming a tool for public service delivery reforms in the second phase and for de-duplication, e-KYC and direct benefit transfer in the third phase. In its latest avatar, Aadhaar is poised to truly change the way Indians have done financial transactions until now.
- Categories
- Technology
- Region
- South Asia
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Indonesia: Bank Central Asia Launches VC Unit, to Invest $15m in Fintech
Indonesia’s largest private bank Bank Central Asia (BCA) has launched a venture capital business unit called Central Capital Ventura (CCV), joining the race to use financial technology (fintech) startups to reach the otherwise “unbanked” markets.
- Categories
- Investing
- Region
- South Asia
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Indian government exploring ways to insure mobile wallet balances
The government is exploring options to insure money in mobile wallets similar to how banks offer insurance on savings accounts. According to sources, the government is talking with the stakeholders — wallet players and insurance companies — to work on the rules.
- Categories
- Technology
- Region
- South Asia