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Climate Finance From Multilateral Banks up to $125 Billion in 2023

Global climate finance from multilateral development banks grew by 25 percent in 2023 to a record $125 billion, according to a report on Friday, with the fastest growth coming in richer countries.

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Fintech Clara Launches Payment Account in Brazil Eyeing $1 B in Transactions

Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach $1.23 billion in transactions in 2024.

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Britain Seeks to Boost Banking Services From Fintechs

Britain plans to set up a new body over the next two years to encourage more competition in banking services through the use of third-party apps from fintech firms.

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Egypt Fintech Firm MNT-Halan Securing $400 Million in New Finance

According to the company MNT-Halan provides small- and micro-business lending, payments, consumer finance and e-commerce.

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Fintech Voyager Raises $210 M to Become Second Philippine 'Unicorn'

Voyager, which serves 47 million people through its consumer platforms that include e-wallet and digital payments, said the fresh capital will fund its digital banking venture and other services like cryptocurrency and micro-investments.

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Egypt Eyes Surge in Fintech Investment After New Laws

New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country’s largely unbanked citizens do business, industry players say. 

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El Salvador Bitcoin Transfers Soar, but Still a Fraction of Dollar Remittances

Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars.

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Former Hong Kong Bourse Chief LI Plans New Microfinance Platform in 2021

Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.

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Coronavirus Pandemic Spawns Nigeria Banking Agent Boom

Mobile money firms across Africa are ramping up plans to bring banking to millions after the pandemic caused a surge in the use of digital financial services.

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Remittances to Mexico Hit Third Highest Level on Record in July

Remittances sent to Mexico, a major support for the Mexican economy and in particular for low-income families, continued its historic 2020 run and rose in July to the third highest level on record.