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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.
- Categories
- 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.
- Categories
- Finance
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Indian Digital Wallet Firm MobiKwik in Talks to Raise Funds, Eyes $1-Billion Valuation
Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion (roughly Rs. 6,698 crores) valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Kenyan Central Bank Lets Banks Run Own Mobile Money Platform
The Central Bank of Kenya (CBK) has given six banks the green light to launch a mobile money transfer platform, Business Daily reported.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Viewpoint: Mobile Money’s Potential is Unfulfilled
The mobile phone is a central component to unlocking access for the billions of people still excluded from the mainstream of financial services. Its potential is widely understood. But while use of entry-level smartphones has accelerated, access to mobile money services and use of these services remain challenging in many markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Yet again, China’s Alibaba pumps Paytm with fresh funding of $200 mn
To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation of about $1 billion. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal, reportedly.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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