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Huawei Mobile Money is Quietly Becoming an Important Fintech Engine For Emerging Market Payment Platforms

TONY KARUMBA / AFP

Most of the discussion about Huawei in places like Africa or the Americas centers on the company’s 5G technology that officials in the U.S., Europe, and some Asian countries believe presents a security threat. But the Shenzhen-based company isn’t generating $137 billion in annual revenue just by selling telecommunications technology alone. 

More and more, Huawei is playing a critical, sometimes even indispensable role in emerging technology sectors like fintech, especially in some of the world’s least developed countries including the Democratic Republic of the Congo.

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