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Startups innovate to make payments faster in India – but e-wallets face Ashley-Madison-like threats
People are slowly moving towards using digital and electronic payment modes, but payment startups face challenges such as customer awareness, fears about security, and concerns about product or service delivery.
- Categories
- Uncategorized
- Region
- South Asia
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Mobile Money Gets Boost as Central Bank of Nigeria Loosens Restriction on Telcos
With the review of the mobile money guidelines, which allows for the participation of the telecommunication companies, the adoption of this form of banking is expected to get a significant boost.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Study Set to Harmonize Mobile Money Transfer Fees in East Africa
The central banks of four East African countries are conducting a study that will set the baseline for money transfer fees across the region.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: India Announces New Partnership to Accelerate Financial Inclusion for Everyone
Government of India joins the United Nations' Better Than Cash Alliance to share success stories from the world's largest financial inclusion program.
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- Uncategorized
- Region
- South Asia
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Seven Emerging FinTech Players In Top Latin American Markets
Only about half of all adults in Latin America and the Caribbean had a bank account, and only 14% had formal savings - and a host of companies recognize the opportunity.
- Categories
- Uncategorized
- Region
- Latin America
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PRESS RELEASE: Firstmonie partners with MMIT to facilitate online purchases in Nigeria
Firstmonie, the mobile money platform of First Bank of Nigeria Limited, has partnered with Mobile Media Info Tech Global Limited to commence a new mobile wallet capability that allows consumers to purchase services on international merchant websites. This initiative is the first of its kind in the African mobile money and payment landscape.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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10 Challenges That Could Make or Break India’s Payments Banks: Their revolutionary potential is no guarantee
Last week, the Reserve Bank of India announced that it will issue 11 Payments Bank (PB) licenses, permitting a variety of institutions to provide a limited slate of financial services to underserved populations. The RBI hopes PBs will “revolutionize banking” in India, but their impact is not guaranteed. Here are 10 challenges PBs will face – and how they can live up to the government’s ambitious goals.
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- Uncategorized
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PRESS RELEASE: MoneyGram Expands Mobile Money Choices in Africa
New agreement enables customers to receive money directly to M-Pesa accounts in Tanzania.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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