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Pakistan Unveils First Domestic Payment Gateway
Pakistan on Tuesday unveiled the country’s first domestic payment scheme ‘PayPak’ to facilitate ecommerce and improve financial inclusion.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Why African fintech startups are so attractive to investors
The recently-released African Tech Startups Funding Report released by Disrupt Africa found fintech was the most popular destination for funding in the tech sector after solar in 2015.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Samsung Pay Joins China’s Trillion Dollar Mobile Wallet Market
With Apple already expecting China to be its biggest mobile payment market, it's no surprise that its biggest direct competitor, Samsung, also wants a slice of this piping hot pie. After a one-month public beta, today the Korean giant is officially launching its Samsung Pay service in China in partnership with UnionPay -- inevitably the same bankcard company thathelped launch Apple Pay locally. In other words, only UnionPay credit and debit cards -- up to 10 of them per device -- can be associated with local Samsung phones for the time being.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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How PayPal is Moving Beyond Payments: An Interview with Tyler Spalding
Many people know PayPal primarily through its ubiquitous buttons enabling online donations to nonprofits, blogs and other websites and causes. But it also has a significant presence in the world of social business – something that represents a growing priority for the payments provider. We discussed this evolving focus with Tyler Spalding, lead manager on PayPal's Social Innovation team.
- Categories
- Uncategorized
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Blueprint for Ignition: How the Catalyst Fund Got Started
The Catalyst Fund's intervention is specific: It provides small, flexible grants of up to US $100,000 alongside mentoring and advisory services from investors and a robust learning agenda, dedicated to supporting innovative but pre-investable inclusive fintech startups. Here's how the Accion Venture Lab team worked with the Gates Foundation, JPMorgan Chase & Co, Quona Capital, Grey Ghost Ventures and the Omidyar Network, among others, to create it.
- Categories
- Investing, Technology
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Report: Facebook Is Turning Messenger Into a Mobile Wallet
Facebook has big plans to turn Messenger into an “Everything App”that will replace many others found on your smartphone, but one of the most important shifts will be turning it into an app that pays for things. Now code found inside Messenger suggests Facebook plans to turn on a feature to make digital transactions or even pay for physical goods in stores, according to a report in The Information.
- Categories
- Technology
- Tags
- digital payments, fintech
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Survey: Only 14% of Ghanaians Are Happy With Mobile Money Service
The report also disclosed in Accra that 30 per cent of Ghanaians are currently using the mobile money services; 32 per cent tried to use it; 48 per cent know how it works and 68 per cent are aware of availability of the services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Momo, a Mobile Payment Firm in Vietnam, Lands $28M Led by Standard Chartered Bank
Vietnam is emerging as a technology market of note in Asia. Weeks after U.S. VC firm 500 Startups announced a fund for the country, Vietnam-based fintech company Momo has landed a $28 million investment round from banking giants Standard Chartered (SCB) and Goldman Sachs.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments, fintech
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