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Nigeria’s GDP Will Get $88 Billion Boost With Digital Financial Services
With improved and consistent adoption of digital financial services in the country's payment system, about $88 billion will be added to Nigeria's Gross Domestic Product (GDP) by 2025.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Vodafone launches M-Pesa Pay feature to enable merchants in India to receive mobile money payments
With an eye on the spurt in cashless transactions which will come about after the Government's demonetisation move, second largest telco Vodafone today launched a special feature on its mobile wallet to enable merchants for receive payments.
- Categories
- Technology
- Region
- South Asia
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3 Lessons to Guide Designing Better Financial Tech For The Developing World
On a recent development project in Pakistan, researchers and designers watched closely as a woman picked up a smartphone and opened an app. For someone with a low literacy level, and who had never used a mobile money app, she moved across the screens with surprising ease.
- Categories
- Technology
- Region
- North Africa & Near East
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Kenya: Thousands of Kenyan Single Mothers, Widows Use Mobile Money to Escape Poverty
Almost 200,000 Kenyan households, many headed by poor, rural women, have lifted themselves out of poverty using mobile money services, experts said on Thursday, calling for the technology to be introduced in other developing countries.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Visa And Nest To Roll Out FinTech Bootcamp In Africa
Mobile service provider Safaricom has announced that it is in discussions with five companies to broaden the availability of M-Pesa services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, venture capital
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It’s Never Been Better, Say Fintech Startups in India
One month of demonetisation has brought about an unprecedented surge in business volume for startups connecting customers with vendors cashlessly via a mobile wallet or simply a payment gateway.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Mobile wallet firms see positive impact from new authentication rule in India
The removal of two-factor authentication for card transactions below Rs2,000 has made it easier for credit and debit card users, but digital wallets do not have much to worry from the change, industry executives and analysts said.
- Categories
- Technology
- Region
- South Asia
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Stellar Partners ICICI Bank, Enables Blockchain Money Transfers in India, Africa and Philippines
Stellar, the open blockchain platform and non-profit payment protocol has unveiled a slew of new partners including, notably, India’s largest private bank by consolidated assets ICICI, to bring low-cost, near instantaneous remittance solutions in India, the Philippines, Africa and Europe.
- Categories
- Technology
- Tags
- blockchain, fintech, remittances
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