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Safaricom of Kenya Talking to Banks to Grow Mobile Money
Safaricom Ltd., Kenya’s largest company by market value, is in talks with 19 banks in the East African nation to increase users of its mobile-money transfer platform, Chief Executive Officer Bob Collymore said after the company posted higher annual profits.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why M-Pesa Failed in South Africa
South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Kenya Revenue Authority Now Targets Mobile Money to Smoke Out Tax Cheats
The Kenya Revenue Authority (KRA) is seeking access to individual and companies' mobile money transaction records in a move that is intended to open a new front in the fight against tax cheats.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Sports Betting in Kenya Lifts Vodafone Mobile-Money Volumes
Kenyans using mobile-money platform M-Pesa to bet on the outcome of sporting events helped Vodafone Plc’s unit in the East African country boost transaction volumes by 48 percent in the past year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Report: India’s United Payments System to Make Mobile Wallets Redundant
The ongoing push by the Reserve Bank to revolutionise banking through the Unified Payments Interface (UPI) will leave mobile wallets redundant, as mobile banking has jumped over threefold in February from the year-ago period, according to a report.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Report: Fintech Investments in Asia Pacific Reached US $4.3 Billion in 2015
The fintech sector in Asia Pacific is booming, according to Accenture's 'Fintech and the evolving landscape' report.
- Categories
- Investing, Technology
- Region
- Asia Pacific
- Tags
- fintech
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India Emerging as Fastest-Growing Market for Fintech Software Products
Powered by innovation in payment processing, the fintech software products segment is expanding at a rapid pace in India, according to the National Association of Software and Services Companies (Nasscom), which represents country's IT industry.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, remittances
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India’s MobiKwik Raises $50M for Its Mobile Wallet Service
The increase of smartphone ownership in India is fueling the rise of mobile wallets in the country. One company leading the charge, MobiKwik, has topped up its own funds with a $50 million Series C round announced today.
- Categories
- Technology
- Region
- South Asia