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Cash Is Dying, and the Unbanked Are Being Left Behind
A report by the Boston Consulting Group identified five main barriers to cashless payment systems: high cost of electronic payments to retailers, lack of solutions for the customer, lack of governmental support, insufficient trust in digital payments, and an absence of support infrastructure. And those reasons make sense.
- Categories
- Finance
- Region
- North America
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Gates Foundation Mobile Money Projects in Developing World to Go Live This Year
Kosta Peric, deputy director of financial services for the poor at the Bill & Melinda Gates Foundation, said projects in Pakistan, Tanzania and eight West African countries could go live as early as the middle of this year.
- Categories
- Finance
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Jeff App, the ‘Tinder for Loans’, Raises €150k to Boost Financial Inclusion in Southeast Asia
Latvian fintech startup Jeff App has raised €150K to further evolve its “Tinder for loans” solution in the Vietnamese market, as well as expand to Indonesia later in 2020. A number of European business angels participated in the Jeff App pre-seed round, the very first company’s funding round to date.
- Categories
- Finance
- Region
- Asia Pacific
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Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization
Published on Oct. 17, 2019, the white paper sets out the Inclusive Value Ledger (IVL) plan, which aims to bolster the mechanisms of the state’s monetization, production, saving and spending with the help of new digital technologies.
- Categories
- Finance
- Region
- North America
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Nigeria Drops $2B MTN Tax Demand
The operator had vowed to fight the demand in court with the case due to begin on 30 January, having already been postponed a number of times. Legal action has now been called-off completely.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN Cameroon Gets GSMA Mobile Money Accreditation
In a statement, the telco said that the certification followed "a rigorous, independent assessment" of the reliability of its financial services in December, describing the feat as "a source of pride" for the company.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mobile Money Waits for Legal Corridor to Become Formal Payment Method in Vietnam
Mobile money refers to the use of a mobile account for payment in general. This method is gradually more feasible now that 90 percent of the population in Vietnam own a mobile phone.
- Categories
- Finance
- Region
- Asia Pacific
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A New Digital Bank Will Launch in the Philippines in 2020
TONIK believes that Philippines banking sector is ripe for a digital disruption, and will follow the lead of other markets globally, where digital-only “neobanks” have rapidly captured millions of customers and attracted over $5B of investor funding in the last 2 years alone.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital finance, fintech
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