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Singapore in recession with GDP down 12.6% in Q2, flash figures show
SINGAPORE’S gross domestic product (GDP) plummeted 12.6 per cent year on year in the second quarter, bringing the country into full-blown recession, as ...
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GSMA launches Mobile Money Interoperability Test Platform driving financial inclusion in Africa
For over a decade, mobile money has been driving financial inclusion, opening access to digital transactions and giving people the tools to better ...
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Safaricom Loses Petition to Limit Free Mobile Money Transactions
Safaricom lost a petition to limit free transactions between two people, in a bid to protect revenues. The Telco wanted to cap the ...
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AfDB appoints Algerian as Chief Economist and Vice President
The African Development Bank Group (www.AfDB.org) is pleased to announce the appointment of Rabah Arezki as Chief Economist and Vice President, Economic Governance and Knowledge ...
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US hedge fund D1 takes stake in £4bn fintech giant TransferWise
An American hedge fund which has placed substantial bets on some of the world’s biggest technology companies is taking a stake in TransferWise, ...
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Barclays to launch digital wealth management service
Barclays bank is introducing a hybrid digital wealth management service for current account customers with a minimum of £5000 to invest. The new ...
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Bucharest-based Questo raises €300K to grow its gamified tours fit for a post-COVID world
Questo, the platform for city exploration games, raises €300K to help travellers and locals explore destinations by going on tours in game form, called ...
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Western Union, AXA Mansard deepen financial inclusion
AXA Mansard, Western Union have collaborated to deepen financial inclusion through the provision of inclusive insurance products. The firms say by linking insurance ...
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UK Government Bans Mobile Providers From Buying 5G Equipment From Huawei Over National Security Concerns
The Government of the United Kingdom has banned all service providers in the country from buying new Huawei 5G equipment over national security ...
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DocuSign acquires Liveoak Technologies for $38M for online notarization
Even in the best of times, finding a notary can be a challenge. In the middle of a pandemic, it’s even more difficult. DocuSign announced ...