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Mobile Transactions Market to Exceed $500 Billion By 2018
The value of domestic money transfers, including operator money and social media money services, will reach $520 billion in global mobile transactions by 2018, up nearly 200% from an estimated $178 billion last year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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One of India’s Leading Handset Makers Enters Mobile Wallet Business
Intex Technologies, one of the leading Indian handset player said it has partnered with Tata Teleservices subsidiary mRUPEE to launch their first ever mobile wallet.
- Categories
- Technology
- Region
- South Asia
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Operators Want Telco-Led Mobile Money Initiative in Nigeria
Telecommunications service providers have renewed clamour to lead mobile money initiative in Nigeria on the basis that the current model has not been impactful on the economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Commercial Bank of Africa Targeting Rwanda’s Mobile Money Market
Commercial Bank of Africa (CBA) is targeting to enter the Rwandan market as it seeks to grow its foothold in the region.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ecobank Launches Mobile Money Treasury Bill Product
Ecobank Capital Advisors Limited, a wholly-owned subsidiary of Ecobank, and MTN Mobile Money has introduced the Ecobank TBill4All, designed to boost financial inclusion and investment for everyone.
- Categories
- Technology
- Region
- Europe & Eurasia
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Bitcoin Fintech Unocoin Sets $1.5M VC Indian Investment Record
Bangalore-based Bitcoin start-up Unocoin has raised $1.5 million (m) in a Pre ‘Series-A’ investment round, a record high for any digital currency venture in Indian history. But while the founder’s vision is to “scale Bitcoin” to the masses and address a largely ‘unbanked’ nation, is it such a big deal really?
- Categories
- Investing, Technology
- Region
- South Asia
- Tags
- fintech
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Ericsson, HomeSend Partner on Mobile Financial Services
Millions of users with Ericsson-powered mobile wallets will be able to send and receive money via a global network of remittance providers, cash agents and banks hubbed by Belgian firm HomeSend.
- Categories
- Technology
- Tags
- fintech
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Banks Having More Luck Than Telcos in Cracking South Africa’s Mobile Money Market
While South African telcos have found the going tough with their mobile money offerings, local banks are singing a different tune.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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