Fintech Tala Raises $145M to Launch Crypto Product for Emerging Markets

https://www.coindesk.com/business/2021/10/14/fintech-tala-raises-145m-to-launch-crypto-product-for-emerging-markets/

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Tala Blog Post:

https://tala.co/blog/2021/10/14/tala-raises-145-million-series-e-to-become-largest-financial-platform-for-the-global-underbanked

"More than 6 million customers across #Mexico 🇲🇽, the Philippines 🇵🇭, Kenya 🇰🇪 and India 🇮🇳 use Tala."

"Over 680,000 access points and mobile agents to cash out and repay."

#Bitcoin  #Tala #EmergingMarkets #MobileMoney #CICO #CashInCashOut #USDC #Stablecoin #Stellar #Circle #Crypto

How offline agent networks are driving Africa's digital development

https://afridigest.substack.com/p/how-offline-agent-networks-are-driving

"On a continent where up to 90% of retail transactions are still cash-based, cash-in and cash-out (CICO) has historically been the dominant function of DFS agent networks whether led by MNOs like Safaricom, by banks, or by various fintech providers."

#Bitcoin  #MobileMoney #Agent #AgentNetwork #Cash #CashInCashOut #CICO #DigitalFinancialServices #DFS #Africa 🌍 @Afridigest #EAjene #EmekaAjene

RT @[email protected]

Just discovered that one can buy and sell bitcoin for cash on the street in Abidjan in multiple places, mainly in the not so wealthy neighbourhoods:

https://twitter.com/MartinSjog/status/1422645737641418755

On #Fedi, follow @MartinSjog

#Bitcoin  #CashInCashOut #CICO #Teller #Agent #Trader #RetailAgent #MobileMoney #PointOfSale #IvoryCoast :flag-🇨🇮 #BurkinaFaso 🇧🇫 #Africa 🌍 #MartinSjog

Mobile cash transactions hit record Sh5.2trn on phone payment reliefs

https://www.businessdailyafrica.com/bd/markets/capital-markets/mobile-cash-sh5-2trn-on-phone-payment-reliefs-3277626

"An amount equivalent to] half of the country’s estimated GDP."

"The monthly volume of person-to-person transactions increased by 87 per cent between February and October 2020.”

"Safaricom controls 98.8 percent of the mobile money market."

#Kenya #MobileMoney #Safaricom #mPesa #Airtel #Telkom #P2P #Mobile #Money #Agent #CBK #Velocity #GDP #LipaNaMPesa #MerchantPayments #CashInCashOut #CICO #Cash

RT Pesa_Africa:

My MPESA agent friends are now calling to ask about how to get into the business of dealing bitcoins and cryptocurrencies. I am quite pleased, Mpesa agents are well suited for the business of exchanging cryptocurrencies and local currencies

#Bitcoin  #mPesa #Agent #AgentNetwork #CashInCashOut #CICO #Kenya #KES #BTCKES #KSh $BTC $KES $BTCKES

Read the Twitter thread:
https://twitter.com/pesa_africa/status/1351786081474252800