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MyBucks and Naga Group Team Up to Bring Cryptocurrencies to Emerging Markets
Fintech firms MyBucks and the Naga Group have announced a new partnership to implement Naga’s cryptocurrency wallet within MyBucks’ client interface and existing mobile wallet, enabling some 1.5 million users across Africa, Australia and other countries to manage, send and receive cryptocurrencies.
- Categories
- Finance, Technology
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Uber rival Grab acquires Indian startup to bulk up its mobile payment platform
The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over from iKaaz, but a spokesperson disclosed that Grab currently has 75 engineers in Bangalore with plans to grow the number to 200 before this year.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Uber rival Go-Jek drives payments push with acquisition of three fintech start-ups
Go-Jek said the acquisition move would bolster its activity in both online and offline payments, as well as increase engagement in the financial services in Indonesia. Go-Jek's mobile payments service Go-Pay is one of the most popular payment platforms in Indonesia.
- Categories
- Finance
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The Longest Last Mile: Are India’s Poor Ready for Digital Financial Services?
With the Indian government working to transform the country into a digital economy, the focus of financial inclusion is heavily inclined toward digital financial services for all. But are India’s poor ready for this shift? Anoushaka Chandrashekar and Misha Sharma at IFMR LEAD argue that poor customers are far from reaching this stage, and that policymakers and practitioners should focus on access and usage, rather than introducing digital products that very few people use.
- Categories
- Entrepreneurship, Finance, Technology
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One nation, under code: How India leads the way in the interoperability of QR code for payments
Thanks to Paytm, the use of QR code as a form of mobile payment made an entry and has begun to impact. The black-and-white sign is sported by kirana stores, vegetable carts and tea stalls all over the country. In the aftermath of demonetization, Paytm made it ubiquitous in their attempt to sign up merchants for acceptance of Paytm wallet.
- Categories
- Finance, Technology
- Region
- South Asia
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How Fintech and Payments Innovations Will Disrupt Global Ecommerce
With the growth of international ecommerce platforms like Shopify and Magento and payment platforms like PayPal and Stripe, the barriers to ecommerce are crumbling, giving life to new businesses, opening up new revenue streams for established players, facilitating economic trade, and driving technology advancements worldwide.
- Categories
- Finance
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Government’s BHIM app to be single point for all mobile payments in India?
The ministry of electronics and IT (MeitY) is working on a multi-pronged strategy under which it plans to make the Bharat Interface for Money app, or BHIM, the single point for all mobile payments.
- Categories
- Technology
- Region
- South Asia
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From Smart Meters to ‘Water ATMs’: Innovative Solutions to Bring Water Services to Rural Africa
An estimated 663 million people lack access to clean and safe drinking water in the world today. Innovations such as smart metering services are being tested to enhance access to water. However, these solutions have not been widely adopted across Africa, except at some water vending points. George Muruka at MicroSave explores how these innovations can be scaled up to the household level.
- Categories
- Technology, WASH
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