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Facebook Is Inviting Washington to Regulate Libra — Good Luck With That
By not being classified as a bank, Facebook is able to avoid some of the rules that other banks have to follow.
- Categories
- Finance, Technology
- Region
- North America
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Reaching the Unbanked — MTN to Shake up Nigeria’s Fintech Sector
The scale of Nigeria’s low financial inclusion and the banking sectors’ inability to tackle the problem necessitated a change in strategy. Nigeria continues to lag behind other African countries in financial inclusion. While sub-Saharan Africa’s number of adults with a bank or other financial account increased to 43% in 2017, up 9% from 2014, Nigeria’s banked population dropped to 40%, down 4% from 2014.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Facebook’s Digital Money Plan Raises Stakes For China’s Cryptocurrency Ambitions
Facebook hopes to roll out Libra in the first half of 2020, presenting the most significant competition to China's cryptocurrency ambitions.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Staying Ahead of the Technical Assistance Curve: Six Lessons from Fintech Startups in India
India is at the forefront of inclusive fintech innovation. But it’s often difficult for Indian fintech startups to build and grow their businesses, while distributing the benefits of their work among their low-and middle-income (LMI) customers. MicroSave Consulting (MSC) is participating in a Financial Inclusion Lab, providing technical assistance to fintech startups serving India’s LMI segment. Authors at MSC share six key insights from their work that could be helpful both to startups, and to the investors, consultants and other organizations that support them.
- Categories
- Finance, Technology
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Ripple Takes Fright at Congressional Pushback on Digital Currencies
In the face of a Congressional onslaught against Facebook and its putative digital currency Libra, Ripple chiefs Brad Garlinghouse and Chris Larsen have penned an open letter to lawmakers urging them not to paint all fiat alternatives with the same brush.
- Categories
- Finance, Technology
- Region
- North America
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Why the Next Fintech Wave in Latin America will focus on B2B
While consumer-focused Fintech companies are still attracting the lion’s share of investments, here’s a look at why the next wave of Fintech innovation in Latin America will focus on solutions for SMEs.
- Categories
- Finance
- Region
- Latin America
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Fintech Decacorn Nubank Raises $400M Led by TCV
Nubank announced a few weeks ago that it will start to expand its offerings to Mexico and Argentina. Over the past year, the company has expanded its product offerings to include personal loans and cash withdrawal options as part of its digital savings accounts.
- Categories
- Finance
- Region
- Latin America
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Africell to Spend $100M on Mobile Infrastructure, Fintech in Africa
Africell founder and chief executive Ziad Dalloul told Reuters the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone.
- Categories
- Finance, Investing, Telecommunications
- Region
- Sub-Saharan Africa