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5077

Why banks are wooing African startups

by Tom Jackson for the Next Web

“This time around, traditional bank-to-bank competition is not the issue. This new wave of competition is coming from both nimble, innovative, cloud- and mobile-first startups as well as the major technology players largely unencumbered by policy and regulation.” (more…)

Cashless, Global trends, InspirAsia

April 20, 2016

1891

Africa’s Largest Online Marketplace Bidorbuy Adds Bitcoin Payments

To eliminate the financial security issues a lot of African e-commerce users have suffered from, Bidorbuy, Africa’s largest online market, began accepting Bitcoin payments March 3. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, SME

March 23, 2016

2331

Rocket Internet’s Africa Internet Group raises $326M from Goldman Sachs and others

By Jon Russel for Techcrunch

Fresh from pulling in $83 million from European insurance giant AXA last month, Africa Internet Group (AIG) — the Rocket Internet-backed company behind e-commerce siteJumia — has announced that it has raised a much larger €300 million ($326 million) in fresh funding. (more…)

Banks, Deals, Fintech news

March 4, 2016

1767

World Bank: How to Bring Farmers into the Financial System

By World Bank report
Nearly half of the world’s farmers are unbanked. This statistic is worrying given the evidence linking financial inclusion to poverty alleviation and since over 70 percent of the world’s poor live in rural areas where agriculture is the predominant occupation.

(more…)

Fintech news, Global trends, news

February 24, 2016

2115

Singapore startup gets series B funding to do mobile payments in Africa and more emerging markets

TECHINASIA: Nearex, a mobile payments startup based in Singapore, yesterday announced it raised funds in a series B round led by Tata Capital Growth Fund. After it has gained traction across Africa, the startup is aiming to expand to other emerging markets.

(more…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, news, POS/mPOS and online acquiring, Singapore, Vietnam

July 8, 2015

1712

Facebook Users In The Middle East And Africa Use The Site In Some Surprisingly Different Ways

Business Insider: BI recently sat down with Facebook’s VP of Europe, the Middle East and Africa, Nicola Mendelsohn. During her two years at Facebook, she has spent a lot of time visiting the different regions she is responsible for and discovering how people in the Middle East and Africa in particular are using Facebook in really novel ways. Here are some of the examples she shared (and some we’ve gathered through our own research) (more…)

Fintech news

June 29, 2015

1575

The Insider’s View To Payments And Fintech in Asia and Africa

THE COINTELEGRAPH: Analysis of the biennial Payment Innovations Report 2015 from June 17 has described an increasingly successful FinTech sector in Asian and African countries that they say is likely to take the lead in digital payment startups and new businesses, while they criticize NFC payments as a “solution still looking for a problem.” (more…)

InspirAsia

June 17, 2015

How Bitcoin Could Revolutionize Remittance In Africa

THE NEXT WEB: A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash. (more…)

Cryptocurrencies, Fintech news, news, Remittances

April 13, 2015

1378

Could Bitcoin Ease The Pain Of Africa’s Migrant Workforce?

ВВС: Bitcoin might conjour up visions of dark doings on the Silk Road website and wildly fluctuating value for some – but could it provide a safe haven for the money sent home to loved ones by Africa’s diaspora? Over 30 million Africans live in the diaspora. They sent almost $40bn (£26.5bn) home in 2014, a figure that is likely to grow significantly in the coming years.

(more…)

Cryptocurrencies, Fintech news, Remittances

March 10, 2015