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Egypt boasts fast-growing fintech sector

Egypt boasts one of the fastest-growing business markets in Africa, as can be seen in the expansion of its financial technology (fintech) industry.

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Virtusa launches API Exchange for financial inclusion

Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services, that accelerates business outcomes for its clients, today announced that it will lead a global effort in creating the API Exchange (APIX), the world's first cross-border, open-architecture platform to improve financial inclusion.

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Luxembourg fintech hub entertains Africa startups

The LHoFT Foundation strongly believes that financial technology is crucial to advancing financial inclusion, empowering groups that have been left behind by the traditional financial system.

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GoBear and CredoLab roll out credit app for underbanked

Personal finance comparison website GoBear and smartphonebased alternative credit scoring provider CredoLab announced today the launch of Easy Apply, a smartphone app that enables banks, financial institutions and lenders to extend credit to a larger pool of customers while keeping risks in check.

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PayPal invests in emerging markets lending app Tala

Tala, the leading consumer lending app in emerging markets, announced today a strategic investment from PayPal (NASDAQ: PYPL).

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Ant Financial and IFC launch financial inclusion programme

International Financial Corporation (“IFC”), a member of the World Bank Group, and Ant Financial Services Group (“Ant Financial”), the world’s leading tech company and the operator of Alipay, jointly announced the 10x1000 Tech for Inclusion programme at the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group.

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ID Finance Mexico operations reaches profitability within eight months of launch

The Mexico operations of ID Finance, the emerging markets fintech company, has reached profitability in just eight months since launching in the region.

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Digital remittance helps Kerala flood victims

Southeast Asia’s leading digital money transfer company, InstaReM, said that it has facilitated zero-fees international money transfers of nearly US$ 2,000,000 to the southern Indian state of Kerala, which experienced devastating floods last month.

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Zeepay and Moneygram team up for African mobile wallet play

MoneyGram a global provider of money transfer services, teamed up with Zeepay, a leading African FINTECH Giant, to allow customers to send money directly to all mobile wallets in Ghana in minutes.

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Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

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Ant Financial launches new fintech brand

Ant Financial Services Group (“Ant Financial” or “the Company”) today announced that the Company would open up a full suite of technology products and services under a new brand, Ant Financial Technology, to support the growth of financial institutions by improving user experience and lowering costs.

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Fidor joins consortium to tackle Asean financial inclusion

Fidor Solutions, an innovative provider of digital banking services, today signed an agreement with AFIN to create ASEAN’s first API Exchange (APIX) platform as Fintech Marketplace and Sandbox - together in a consortium formed with Virtusa and Percipient.

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