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Bangladesh Moving Toward Major Financial Inclusion Push
In a massive step, the government is going to expand digitalisation of financial transaction across the country and take it beyond the banking system.
- Categories
- Technology
- Region
- South Asia
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Peruvian Banks and Telcos Launch National Mobile Money Network
Five years in the making, Peru has launched a national mobile money network, with the aim of drawing five million of the country's unbanked into the formal banking system.
- Categories
- Technology
- Region
- Latin America
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Are Mobile Wallets Here to Stay? Or Is Cash Still King for the Indian Consumer?
A burgeoning middle class, rising levels of disposable income, better internet services than ever before, skyrocketing growth of smartphone usage, investor money flowing into the mobile payments industry– the time has never been better for India’s mobile wallet startups, for sure. But is the Indian consumer reluctant to give up cash? If so, why?
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- Technology
- Region
- South Asia
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New Company From GiveDirectly Founders Aims to Streamline Payment Systems
The Global Innovation Fund announced its first round of investments on Tuesday, the first of which went to Segovia, a software technology platform to streamline payment systems.
- Categories
- Technology
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JPMorgan-Backed FinLab Opens Applications for Startups
JPMorgan Chase has announced a $3 million year-two challenge for technologically innovative startups, in conjunction with the Financial Solutions Lab (FinLab) at the Center for Financial Services Innovation (CFSI).
- Categories
- Entrepreneurship, Technology
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Vodafone Wallet & PayPal Ink Payments Partnership
The partnership will enable PayPal customers to link their accounts to Vodafone Wallet, allowing them to use Android smartphones to make contactless payments. According to PayPal’s European CEO, this marks the first time PayPal users will be able to make contactless payments.
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- Technology
- Region
- Europe & Eurasia
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India’s Paytm Is Raising Another $400M to Build Out Its New Payment Bank
Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say that Paytm is now looking to raise $400 million by June to help with the launch of Paytm’s new payments business, Paytm Payment Bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile money
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WorldRemit Raises $45M to Tackle $600B Market
Remittances start-up WorldRemit has raised $45 million in debt to help it tap the business of using mobile wallets to send money across emerging markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile money, remittances
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