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New Company From GiveDirectly Founders Aims to Streamline Payment Systems
The Global Innovation Fund announced its first round of investments on Tuesday, the first of which went to Segovia, a software technology platform to streamline payment systems.
- Categories
- Technology
- Tags
- digital payments, fintech
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JPMorgan-Backed FinLab Opens Applications for Startups
JPMorgan Chase has announced a $3 million year-two challenge for technologically innovative startups, in conjunction with the Financial Solutions Lab (FinLab) at the Center for Financial Services Innovation (CFSI).
- Categories
- Technology
- Tags
- fintech
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Vodafone Wallet & PayPal Ink Payments Partnership
The partnership will enable PayPal customers to link their accounts to Vodafone Wallet, allowing them to use Android smartphones to make contactless payments. According to PayPal’s European CEO, this marks the first time PayPal users will be able to make contactless payments.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- digital payments, fintech
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India’s Paytm Is Raising Another $400M to Build Out Its New Payment Bank
Alibaba-backed Paytm, one of the bigger e-commerce startups competing against Amazon in India, is raising money again, just months after a reported $680 million round. Sources close to the company say that Paytm is now looking to raise $400 million by June to help with the launch of Paytm’s new payments business, Paytm Payment Bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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WorldRemit Raises $45M to Tackle $600B Market
Remittances start-up WorldRemit has raised $45 million in debt to help it tap the business of using mobile wallets to send money across emerging markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Mobile Money Set to Disrupt International Remittances Market
Amdocs (Nasdaq:DOX), the leading provider of customer experience solutions, today released the results of a new survey examining consumer attitudes towards different ways of transferring money internationally. With the World Bank citing that the international remittance market is expected to reach $610 billion1 this year it represents an attractive, fast-emerging revenue stream for mobile financial services providers.
- Categories
- Technology
- Tags
- fintech, remittances
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Mobile Money Fraud Hits Rural Kenya Residents Hard
Mobile money has made lives easier for most people in Africa, but this has not come cheap for the users with con tricksters forever devising means and ways of stealing the money. In Kenya, for example, con men are applying tricks that are more advanced than service providers and users.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Will India Go Cashless If Mobile Payments Take Off?
As soon as Binod Upadhyay arrives at a destination he immediately turns round to check if the customer is pulling out a wallet or a mobile phone.
- Categories
- Technology
- Region
- South Asia
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