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FinScope reveals significant increase in financial services inclusion in South Africa
FinMark Trust annual FinScope South Africa 2013 survey results reveals a significant increase in financial inclusion compared to last year from 28.9 million people in 2012, to 30.7 million in 2013.
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Mobile payment solution from First Bank of Nigeria Ltd secures U.S. $12 Million from Gates Foundation
In apparent move to boost the nation's financial inclusion drive, the mobile payment solution from First Bank of Nigeria Ltd, Firstmonie has secured a grant of $12million US dollars from the Bill & Melinda Gates Foundation to execute the project.
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United Bank for Africa Strengthens E-banking Channels to Boost Financial Inclusion
The Division head said that UBA’s innovative e-Channels have accorded the customers triple gains of financial control, convenience and security.
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- Sub-Saharan Africa
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Mobile banking flourishing in Pakistan
The recent years have witnessed a revolutionary concept of social and economic services among them financial services landscape that are fast changing with introduction of innovative mobile payments (m-payment) systems.
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Digital financial inclusion is vital to India’s poor citizens, says Gates
India is poised to lead the world in connecting the poor to bank accounts through mobile phones. This is an ambitious goal. According to the World Bank, only 35% of Indians use formal financial services right now. But India can get to 100%, and if it does hundreds of millions of Indians will be able to create better opportunities for themselves and their families.
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Kenya’s Mobile Money Competition to Heat Up
Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field.
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- Sub-Saharan Africa
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Behavioral Change Tops Challenges for Mobile Money Use in West Africa
Cultural factors slow down the embrace of mobile money services.
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- Region
- Sub-Saharan Africa
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OPINION: Mobile and Money Remittance – A Perfect Match
Mobile makes money transfers faster and more convenient and it has the potential to reduce bottlenecks in branches.
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