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Viewpoint: Africa: why digital payments are key to financial inclusion
Given the success of mobile payments in Africa over the past decade or so, you might be surprised to learn that it isn’t the technology most likely to be a game changer for meaningful financial inclusion for the informal productive economy
- Categories
- Finance, Technology
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Grab Leads Series B Round of up To $100 Million in Indonesian Fintech Linkaja
Indonesia’s fintech app LinkAja announced that it has raised up to US$100 million in a series B round led by Southeast Asian super app Grab.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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WhatsApp Begins Rolling Out Payment Service in India
Facebook-owned WhatsApp finally receives regulatory approval
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Is COVID-19 Driving Growth in Digital Currencies?
With purchases and transactions increasingly moving away from cash and towards digital channels during the pandemic, both central banks and private institutions around the world are continuing to explore the potential of digital currencies.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Fintech Startup TeamApt Now Operates Nigeria’s Largest Non-Bank Mobile Money Platform
Moniepoint, the mobile money platform launched last year by Nigerian fintech startup TeamApt, has become the largest non-bank mobile money service in the country, processing 13 million transactions monthly.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Addressing the Weak Link in COVID-19 Relief: How Improving Strategic Communications Can Boost the Impact of Social Protection Programs
In response to COVID-19, 212 countries have planned or implemented more than 1,100 social protection programs to help over 1.8 billion people. But as Arshi Aadil and Abhishek Jain at MicroSave (MSC) point out, many intended recipients don’t know about the benefits they're eligible for, or how to access these funds. They explore how governments and program administrators can improve their communication and outreach.
- Categories
- Coronavirus, Finance, Impact Assessment
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Stripe Acquires Nigeria’s Paystack for $200 Million+ To Expand Into the African Continent
Stripe is acquiring Paystack, a startup out of Lagos, Nigeria that, like Stripe, provides a quick way to integrate payments services into an online or offline transaction by way of an API. (We and others have referred to it in the past as “the Stripe of Africa.”)
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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Cash’s Lockdown Hurts Financial Inclusion
Since the start of the pandemic, businesses around the world have drastically changed their operations to protect employees and customers. One significant pivot is discouraging the use of cash in favor of digital and contactless payment methods.
- Categories
- Coronavirus, Finance
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