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Creating an Inclusive Fintech Ecosystem? Here Are Three Facts Accelerators Should Consider
BFA's Catalyst Fund started with one goal: to support early-stage inclusive fintech entrepreneurs in developing accessible, high-quality and relevant financial solutions for the underserved. After three years of operations, the accelerator has worked with 20 startups across 13 emerging markets, helping to create better credit, payment, insurance, savings and investment solutions that improve the financial health of people with low incomes. Maelis Carraro and Rasima Swarup at BFA share some of the fund's lessons on how to build an inclusive fintech network.
- Tags
- fintech
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As Tech Cold War Looms, Chinese Internet Giants Like Alibaba and Tencent Tackle Emerging Markets
Chinese internet titans are entering an era of global expansion, another phase of their exponential growth.
- Categories
- Finance, Technology
- Region
- Europe & Eurasia
- Tags
- digital finance, fintech
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African Fintech Dominates Catalyst Fund’s 2019 Startup Cohort
The organization announced its 2019 startup cohort and three out of the four finance ventures — Chipper Cash, Salutat and Turaco — have an Africa focus (Brazil-based venture Diin, was the fourth).
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Moving Beyond Credit: Why Savings Should Take Center Stage in Digital Financial Inclusion
As mobile money continues to overtake traditional banking in emerging markets, putting financial services within reach of the unbanked, credit remains front and center in the conversation. But Buhle Goslar at JUMO says it's time to focus on an important yet underutilized tool that could help promote a well-rounded, healthy financial life for excluded customers – savings. She details how new tech and training programs can go beyond simple access and towards a new culture of savings.
- Categories
- Finance, Technology
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Viewpoint: Impact Investing Can Unlock the Potential of Blockchain in Africa
Impact investors should wake up to the potential of blockchain. The positives of security and transparency via distributed ledgers outweigh the negative perceptions, such as the ICO bubble.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Singaporeans Can Now Pay for Their Ride With Go-Jek Using DBS Bank’s E-Wallet
Go-Jek has integrated DBS Bank's e-wallet into its platform to drive cashless mobile payments for consumers in Singapore.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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African Development Bank launches Africa Digital Financial Inclusion Facility
The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit Intros Money Transfer Service for SMEs
According to WorldRemit, the new service will make it easier for local enterprises to receive payment by UK-based partners via their bank account or cash pick-up. While some banks can take up to one week to process payments, WorldRemit says its transfers to SA are processed within 24 hours or less.
- Categories
- Finance
- Region
- Europe & Eurasia