Financial inclusion - Announcements, News, Articles & Research: Finextra

Mastercard names Raghav Prasad division president, sub-Saharan Africa

Spurred on by the company's steady growth in Sub-Saharan Africa and in line with its focus on investing in the continent, Mastercard has appointed Raghav Prasad as Division President for Sub-Saharan Africa.

04 April 2018

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Icici Bank's 'digital village' gets top green rating

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that its digital village – Raithal has been awarded a 'Platinum' rating by the Indian Green Building Council (IGBC) making it the first digital village in the country to be certified as a ‘green village’.

28 March 2018

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Axiom Bank partners Malauzai for app targeting underbanked

Axiom Bank, the second largest community bank in Florida, recently launched AxiomGo, an all digital checkless checking account for people who want an alternative to prepaid cards and traditional checking.

26 March 2018

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Victory Park Capital partners IFC on fintech fund for emerging markets

Victory Park Capital (“VPC”), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, announced today that it has launched a new fund together with the International Finance Corporation (“IFC”), a member of the World Bank Group.

16 March 2018

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Yoma rides fintech wave in Myanmar with stake in Wave Money

Yoma Strategic Holdings Ltd. (“Yoma Strategic” or the “Company”, and together with its subsidiaries, the “Group”) plans to acquire a 34% stake in Digital Money Myanmar Co., Ltd. (“Wave Money”) from First Myanmar Investment Company Limited (“FMI”) for US$19.4 million, which is subject to completion and will be funded within existing capital plans (the “Acquisition”).

06 March 2018

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Digital credit scoring paves way for microloans in East Africa

More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are on file in public credit registries.

27 February 2018

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Government of Montserrat looks to digital currency to boost financial inclusion

The Honourable Premier and Minister of Finance of Montserrat, Donaldson Romeo, has signed on behalf of the Government of Montserrat, a memorandum of understanding (MOU) with the Barbados based financial technology company Bitt Inc., to create a Digital Payments Ecosystem in Montserrat.

22 February 2018

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RBL Bank and Invest India team up to back local startups

RBL Bank, one of India’s fastest-growing private sector banks and Startup India, a flagship initiative of Government of India, and Invest India have come together to launch a unique initiative - InFinIT20.

08 February 2018

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Vio teams up with Eidoo on token sale in effort to become African remittance player

Vio, the innovative digital P2P transfer platform powered by Ethereum and Visa Direct has today announced an exclusive partnership with Eidoo in order to launch a utility token sale on February 19th 2018.

05 February 2018

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eCurrency and Rizal Commercial Banking Corporation partner to launch digital cash in the Philippines

eCurrency Mint Limited (eCurrency) announced today that it has partnered with Rizal Commercial Banking Corporation (RCBC) to launch its digital money product.

26 January 2018

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Samsung invests in Juvo

Juvo, the pioneer in mobile Identity Scoring, today announced a strategic investment from Samsung NEXT that will help provide access to the billions of prepaid users around the world who are currently unbanked or financially underserved.

24 January 2018

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Mastercard and USAID aim to turn refugee camps into digital communities

Mastercard and the U.S. Agency for International Development (USAID) today announced the launch of a public-private coalition that will bring together technology, solutions and experience from multiple sectors to transform refugee settlements into digitally-connected communities.

24 January 2018

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