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Mobile Payments Drop By 85% In 2016
Nigerians’ interest in mobile banking and payments have begun to wane as the volume and value of transactions consummated on the mobile platform has dwindled by more than 85 per cent in the first seven months of 2016.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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It’s the Ecosystem, Stupid – Exploring the ‘Digital Poverty Stack,’ Part 1
Donor investments to leverage technology have largely failed to achieve their imagined potential, often producing sub-scale pilot projects which do not solve a real problem. Instead, donors should focus on building a “digital poverty stack,” a set of interoperable and reusable digital tools that can be built into a large number of applications.
- Categories
- Technology
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Fingerprint Technology Expanding In African Mobile Banking
London-based bank Standard Chartered plans this year to introduce biometric technology to customers in eight African countries so they can use fingerprints to access their mobile money — a process known as touch login — versus usernames and passwords.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Visa Is Planning a Mobile Payments Push Into Nigeria
Though no launch date has been announced, Visa is in “advanced discussions” with major Nigerian banks. mVisa, which launched in India last August, is primarily an in-store payment method, allowing users to pay for goods or services by scanning a QR code on a smartphone or entering a merchant identifier into their feature phones.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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World Economic Forum Examines How Blockchain Can Reshape Financial Services
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services , exploring how the financial sector "could overcome current-state pain points through distributed ledger technology (DLT)."
- Categories
- Technology
- Tags
- blockchain, fintech
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Life as an Entrepreneur in a Violent Mexico
Alejandro Avila, the 30-year-old Mexican cofounder of Espiral, a mobile wallet service that he describes as “Square meets Stripe,” is on the edge of something big. Mexicans carry more than 100 million mobile phones and only 15 percent use credit cards, making financial tech a lucrative nascent market.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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Accion Looks to Double India Investment in Fintech Cos to $50 Million
Accion, the global nonprofit focusing on the financial inclusion space, is looking to double its exposure to India in the coming years from the current $25 million (Rs 167 crore).
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Fintech isn’t disrupting Africa’s financial industry—it’s building it
African fintech is not disrupting the existing financial service providers. This is because, in many areas of the continent, there is nothing to disrupt, with large swathes of the low and lower middle income segments unserved or under-served when it comes to formal financial services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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