FINTECH UNICORNS IN AFRICA
A list and description of fintechs in Africa, many of which are involved with mobile wallets and money transfer.
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PAYSEND: HOW IT WORKS (VIDEO)
A video explaining how the Paysend money transfer service works. Paysend is a financial technology platform headquartered in the UK that enables any bank card (Visa or MasterCard) to send and receive money worldwide.
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PROFILE OF ORANGE MONEY
A link to the telecom Orange’s description of Orange Money, an early mobile money wallet first popular in Africa.
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PROFILE OF MTN MOBILE (MTN.COM)
A link to MTN, the telecom company active in Africa, and its description of its MTN Mobile money product.
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WORLD BANK GLOBAL FINANCIAL INCLUSION DATABASE
A link to the World Bank’s global financial inclusion database where searches for various demographic and economic measures of financial inclusion can be filtered by country and region.
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FORMAL FINANCIAL INCLUSION IN ETHIOPIA COMPARED TO OTHER EAST AFRICAN COUNTRIES 2023
This slide shows the percentage of the population in Ethiopia, Kenya, Rwanda, Tanzania, and Uganda, who can be considered financially included through traditional banks and/or mobile money.
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MOBILE MONEY IN ETHIOPIA: ADVANCING FINANCIAL INCLUSION AND DRIVING GROWTH
This publicly available report by GSMA sows that mobile money might add US$5.3 billion to Ethiopia;s GDP through greater financial inclusion.
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DRIVEN BY PURPOSE: FIFTEEN YEARS OF MPESA EVOLUTION
A link to a McKinsey report describing the evolution of Kenya’s M-Pesa’s mobile wallet, among the world’s first mobile money solutions, and its important role in promoting financial inclusion. Subsequently, lessons from M-Pesa were applied globally.
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A NEW PUSH FOR PUSH PAYMENTS
This white paper by Mastercard explains that as real-time payments increase globally, Card-based push payments (push-to-card) enable participants to send funds directly to consumers and small businesses via their payment card accounts. Receipt of funds via a payment card, typically a debit card linked to a deposit account, makes for a seamless consumer experience,
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