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Fintech Startup Remitly Raises $85M
Fintech startup Remitly has raised $85 million in a new round of funding, bumping its valuation up to $1.5 billion.
- Categories
- Finance
- Tags
- cash transfers, fintech, remittances, startups
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UK Government Aims Fintech Industry at Africa
UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Why Don’t Small Retailers Adopt E-Payments?: New Research Suggests the Reasons Behind Merchant Aversion – And Solutions for Stimulating Customer Demand
Mexico's 2.1 million 'tienditas' (small shops) drive most of the country's retail sales – yet 83% of them only accept cash, even though e-payment technology is cheaply accessible. Shreya Kankanhalli at Stanford’s Graduate School of Business and Luz Gomez at Mastercard Center for Inclusive Growth explore findings from a field study that's testing ways to promote e-payments.
- Categories
- Coronavirus, Finance, Technology
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Press Release: Mastercard Collaborates With Microsoft to Accelerate Innovation Across Digital Commerce and Startup Ecosystems
Collaboration will build pathways to financial security and provide tools for sustainable growth
- Categories
- Finance
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Report: Somalia’s Mobile Money Penetration High, Data Costs Lowest In Africa
Despite its long history with civil unrest, Somalia seems to have gotten a good grip on its business community.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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World Economic Forum Recommends Adopting Clear and Actionable Cybersecurity Guidelines for Fintech Firms
The Fintech Cybersecurity Consortium has been tasked with identifying how organizations can simplify their baseline cybersecurity requirements for Fintech services.
- Categories
- Finance, Technology
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As Users Game the System, Telcos/Banks Rue ‘Mobile Money Freebie’ in Kenya
The date was March 16, 2020, and cases of the novel coronavirus had just begun to spike in Kenya. Following recommendations from the government urging less use of cash as a precaution against the virus, Kenyan banks and mobile money platforms had been forced to become generous, sort of.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Kenya Is Doubling Down on Regulating Mobile Loan Apps to Combat Predatory Lending
The country’s central bank is proposing new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices.
- Categories
- Finance
- Region
- Sub-Saharan Africa