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Kenyan banks take on M-PESA in fight for money transfer billions
Kenya Bankers Association plans to launch an interbank mechanism to enable interoperability across member banks for all retail payment streams, aiming to eat into M-PESA’s market share.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Fast Lane to the Future: Three ways the ‘leapfrog effect’ is transforming developing countries – and revolutionizing finance
The “leapfrog effect” refers to the phenomenon, in fast-growing emerging economies, of technological advances permitting shortcuts in infrastructure building. This saves considerable time and money – and can deliver quick results that took more developed countries decades to attain. Here are three ways the leapfrog effect is reshaping economies – and finance – in the developing world.
- Categories
- Technology
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MobiKwik and StoreKing bring financial inclusion to rural India
MobiKwik, India’s largest independent mobile payments network, today announced a new partnership with StoreKing that expands MobiKwik’s cash-less and card-less payment management to 10,000 retail stores in 600 small towns and 5,000 villages.
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- Uncategorized
- Region
- South Asia
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Asia Pacific leads the way as mobile payments head towards US $1 trillion
Mobile payments globally will rocket to US$1 trillion in value by 2017, up from an estimated $500 million this year.
- Categories
- Uncategorized
- Region
- Asia Pacific
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State Bank of India to launch mobile wallet
India’s largest lender, State Bank of India is slated to launch its mobile wallet, SBI Buddy, on Tuesday.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- mobile finance
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Airtel is losing its fight against Safaricom for Kenya’s fast-growing mobile market
The telecom company is struggling to put a dent in Safaricom’s dominance, but they are getting left behind.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Only 15% of Pakistanis Use Digital Financial Services
Only 15% of Pakistanis use Digital Financial Services, and there has been no significant increase in the user base or registrations between 2013 and 2014, said a Financial Inclusion Insights (FII) survey report.
- Categories
- Uncategorized
- Region
- South Asia
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Safaricom will not be forced to loosen its dominant hold on Kenya’s mobile-money market
For a minute there, it looked like Safaricom might have to break up its business.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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