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Airtel loses 5 million mobile money users in Kenya in three months
The firm’s subscribers stood at 6.3 million in March, a decline from 6.8 million in December, which the regulator attributed to the revision of a popular offering by the operator resulting in customers slowing down on use of its products.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Happy July Fourth
America's celebrating Independence Day today, so NextBillion's editors are taking a little time off to celebrate and maybe even see a few fireworks.
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- Uncategorized
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Nigeria: 10 Microfinance Banks Account for 40 Percent of Industry Loan
THE Central Bank of Nigeria (CBN) has said the ten microfinance banks account for 40 percent of total loans in the subsector.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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From Kentucky to Kenya: Celebrating Financial Inclusion’s Potential – And Facing its Limitations
The financial inclusion industry is arguably more innovative and attuned to the needs of low-income clients than ever before. But how much of an impact can it make in a world where the problems of poverty and income inequality increasingly plague not only low-income countries, but wealthy ones too? We discuss the issue as NextBillion's Financial Inclusion Month concludes.
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- Uncategorized
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MIT in search of Africa’s most innovative entrepreneurs
According to the MIT Legatum Centre, the Open Mic Africa program seeks to find and showcase Africa's top innovators while developing a dialogue among local entrepreneurs, investors and MIT.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- innovation
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There are too many e-wallets in India and most are near-empty
While the Indian e-wallet industry’s size stood at an estimated Rs154 crore in 2015-16, it is expected to zoom to Rs30,000 crore by the end of 2021-22. And everyone, from financial technology companies to banks to the government-backed National Payments Corporation of India, is scrambling for a share of that pie.
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- Uncategorized
- Region
- South Asia
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Kiva.org Reaches $1 Billion Milestone in Crowd-Funding Loans Disbursed Globally
Kiva provides financial support to low-income borrowers, enabling individuals from all over the globe who have few other opportunities for financial assistance to receive a critically needed loan.
- Categories
- Uncategorized
- Tags
- microfinance
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Commentary: The Surprising Resilience of Cash Transactions
While Singapore, the Netherlands, France, Sweden and Switzerland are among the least cash reliant countries, in Malaysia, Saudi Arabia, Peru and Egypt, only 1 per cent of transactions are cashless. Even some highly advanced countries, such as Japan, are still highly reliant on cash.
- Categories
- Uncategorized
- Tags
- digital payments
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