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Shaking up global remittance market: Startups & telcos making money available at the click of smartphones
New tech startups and traditional telecom operators are taking advantage of the rapid rise of smartphones in many emerging economies to reduce the barriers - and costs - of sending cash overseas.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Kenya Equity Bank targeting 100 million African customers for its mobile payment and banking service
Kenya's Equity Bank Ltd., which has started a new mobile payment and banking service called Equitel, is seeking 100 million customers in Africa within 10 years and the first five million by the end of 2015.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Social Enterprise Leader Wants to Map Africa’s Future
Entrepreneur Vimbiso Mashumba says she feels privileged to be part of the 30 young people to represent Zimbabwe at the Mandela Washington Fellowship for Young African Leaders.
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- Uncategorized
- Region
- Sub-Saharan Africa
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OPINION: Fixing financial inclusion in India
A Self Help Group-bank linkage programme should be included in the financial inclusion strategy of the government.
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- Uncategorized
- Region
- South Asia
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A ‘Small Revolution’ in Ecuador?: The world’s first national e-money platform has reshaped the ecosystem – but will a government-led model work?
In December, the government of Ecuador launched the world’s first state-run e-payment system. The platform addresses the interoperability problem that has plagued the mobile ecosystem in other countries, and it’s affordable to the poor - though questions remain about whether a top-down approach will prove effective. The experiment could have repercussions for other countries in the region.
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- Uncategorized
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An Angel Network That Invests Only In Ethiopian Ventures
RENEW Strategies, an impact investment advisory firm that manages a network of wealthy families with an interest in African development, is part of the Impact Angel Network, which currently invests entirely in Ethiopian ventures.
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- Uncategorized
- Region
- Sub-Saharan Africa
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How a Cutting Edge Effort to Boost Family Financial Stability is Giving Out $3 Million
JPMorgan Chase is the founding partner with CFSI of the Financial Solutions Lab, a $30 million, five-year initiative "to identify, test, and expand the availability of promising innovations that help Americans increase savings, improve credit, and build assets."
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- Uncategorized
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This Startup Gives Poor People a Year’s Income, No Strings Attached
A person whom Teresa had never met showed up at her home one day with a remarkable offer. Teresa and her family would receive what amounted to a year's income, in cash. Nothing was owed in return. She did not have to repay the money, and her family could spend it however they wished.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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