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Safaricom Monitoring Use of Free M-Pesa Transactions Offer
Safaricom has revealed that it is watching the use of its new M-Pesa Kadogo offer of free transactions for amounts of less than 100 Ksh in order to determine whether a limit should be imposed on the number of transactions per user. The mobile operator introduced M-Pesa Kadogo during the release of its unaudited half year 2017 results (for the period ended September 30 2016).
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Collymore bets on opening up M-Pesa to ring up Safaricom’s future billions
When it released its half year financials last week, Safaricom once again did not disappoint. It reported another profitability record, a 32.36 per cent jump in net earnings of Sh23.9 billion in the six months to September 30. It earned a massive Sh102 billion in total revenue for the half year, compared to Sh97.2 billion in the same period last year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- data, financial inclusion, fintech
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Where Aggregators – and Open APIs – Fit Into Financial Inclusion
The introduction of a truly Open API is an exciting prospect for individuals and institutions interested in financial inclusion – digital financial providers, economists, technologists and developers alike. Building a successful business model, however, requires that the Open API is technically sound and that the financial inclusion community is included and encouraged to collaborate on innovative solutions.
- Categories
- Finance, Technology
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Indian Fintech Startups Are Still a Long Way Off From Big Global Peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it.
- Categories
- Technology
- Region
- South Asia
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Malaysia’s EthisKapital Claims “World’s First” Licensed Islamic P2P/Crowdfunding Platform
The Securities Commission Malaysia awarded six peer to peer licenses, one of which is the world’s first license for Shari’ah-compliant P2P finance. EthisKapital will be focused on funding small businesses and real estate development projects. The team is spearheaded by UmarMunshi, who is also the Chairman of the newly-formed Islamic Fintech Alliance, and supported by former senior World Bank and Barclays Bank executives.
- Categories
- Technology
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Smart Campaign and The MasterCard Foundation in Partnership to Advance Consumer Protection in Financial Services
"It's important to certify the practices of individual financial institutions, but we will not create wholesale, sustainable change until we galvanize the support all of the partners involved in serving low-income people, including regulators and new, technology-based service providers. We must also make a concerted effort to champion the client's perspective," said Isabelle Barrès, Director of the Smart Campaign.
- Categories
- Technology
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Kenya Telcos, Vendors Now on the Spot for Hidden Costs
Many Kenyans have come to value the convenience of mobile money payments, but a consumer organisation has raised the red flag over the hidden costs.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Fintech Holds The Key To Myanmar’s Future
As recently as 2013, CNN described Myanmar’s banking system as “outdated and debased, open for decades to abuse by the previous regime, and shunned by about 90 percent of the population.”
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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