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MTN Cameroon to Soon Offer Mobile Savings and Loans Services
it will serve as the intermediary connecting users with financial institutions as is the case in Ghana with MTN Ghana and Kenya with M-Shwari.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Facebook’s WhatsApp to Partner with More Indian Banks in Financial Inclusion Push
“We now want to open up with more banks over this coming year to help simplify and expand banking services, especially to the rural and lower-income segments,” Abhijit Bose, WhatsApp’s India head told a fin-tech summit via a webcast.
- Categories
- Finance
- Region
- South Asia
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Ghana Mobile Money Interoperability Transactions Rise 400 Percent in Six Months
The huge jump in the MMI volume could be attributed to increased awareness that funds can now be transferred across wallets of different telecommunications networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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GSMA Launches Mobile Money Interoperability Test Platform Driving Financial Inclusion in Africa
In Africa over 50.7 million new registered mobile money accounts were opened in 2019-20 alone, taking the total number of registered accounts in the region to 481 million. The total transaction volume and value for mobile money accounts during this period was 24 billion and $461 billion (up by 20% and 27%) respectively.
- Categories
- Technology
- Tags
- fintech
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In Malawi, Residents Use Debit Cards, Mobile Money, To Pay For Water
The project has been implemented in communal water points in peri-urban areas. The initiative can, however, limit the have-nots’ access to water. Social activists have criticized the innovation saying that it robs residents of the right to water.
- Categories
- WASH
- Region
- Sub-Saharan Africa
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Zimbabwe Is Squeezing Its Top Mobile Money Platform for Users’ Data as It Clamps Down on the Media
The government has been at odds with the EcoCash for several months as its currency crisis and economic woes have spiraled out of its control. Last month Zimbabwe’s central bank slammed EcoCash for running, what it called, a Ponzi scheme.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Western Union Expands With TrueMoney in the Philippines
Five thousand TrueMoney locations across the Philippines to provide Western Union Money Transfer Services
- Categories
- Finance
- Region
- South Asia
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Avoiding the Downside of Instapay: Five Behavioral Science-Based Principles to Make Paycheck-on-Demand Benefit Low-Income Users
There are numerous apps and employers that allow employees to cash out their paychecks on demand, rather than waiting until their usual payday. But while this may seem like a dream come true for people who need quick cash to deal with financial distress, "instapay" also comes with tradeoffs. Analysts at Common Cents Lab discuss these downsides – and some behavioral science-based solutions.
- Categories
- Coronavirus, Finance, Technology