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Bangladesh Backs Mobile Phones to Move Cash Among Rural Poor
Bangladesh, home to the world’s second-largest mobile money company, is moving to consolidate the industry as it expands financial services to the rural poor.
- Categories
- Uncategorized
- Region
- South Asia
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Mobile Money: 4 Services Tackling Wealth Inequality in Africa
While mobile money services are available in 89 countries globally, nowhere are they having more of an impact than in Africa, where 12 percent of adults have mobile money accounts, compared with 2 percent worldwide.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Will BRICS Bank Challenge the Bretton Woods System?
The formal opening of the BRICS Bank in Shanghai on Jul. 21, following the seventh summit of the world’s five leading emerging economies, demonstrates the speed with which an alternative global financial architecture is emerging.
- Categories
- Uncategorized
- Tags
- infrastructure, lending
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Citigroup Hunts for Fintech Innovators, Will a Bitcoin Firm Succeed?
American banking behemoth Citigroup earlier revealed that it has been looking at the Bitcoin’s distributed ledger technology for the last few years, and has developed three blockchains and a test currency calledCiticoin to pass through them in a bid to create a framework parallel to the Bitcoin and the blockchain.
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- Uncategorized
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Kiva Co-founder on the Future of Microfinance
Jessica Jackley has had her hands full since stepping away from Kiva, the peer-to-peer microlender she co-founded in 2005. Between investing in startups through the Collaborative Fund; launching ProFounder, a crowdfunding site for entrepreneurs and small businesses; and consulting with companies to improve their social impact, the popular TED talker has also managed to give birth to three children. And she has a new book, Clay Water Brick: Finding Inspiration From Entrepreneurs Who Do the Most with the Least.
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- Uncategorized
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- crowdfunding, microfinance
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10 New Mobile Wallet Remittance Services Launched Throughout Africa and Asia-Pacific
HomeSend and Azimo today announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers. Azimo customers in 20 European countries are now be able to send funds to mobile money accounts of loved ones in Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines and Somaliland.
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- Uncategorized
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- remittances
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Mozido Expands Into Africa With NettCash Acquisition
The Austin-based cloud platform mobile payments and retail engagement solutions provider announced today (July 21) that it acquired majority ownership of Zimbabwe mobile wallet company NettCash, further establishing Mozido’s foothold in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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The Overlooked Gender Gap: Financial Credit
It’s hard to deny the presence of gender gaps. We see evidence of them in education, income, politics, and business. But there is another gender gap that is less often discussed, and has proven to be incredibly important worldwide: the credit gap. The credit gap refers to the fact that women are still much less likely to obtain credit than men, whether from a bank or informal moneylender.
- Categories
- Uncategorized
- Tags
- lending
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