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Mobile money agents ‘making it big’ in Kenya’s rural areas
According to a new report by Helix Institute of Digital Finance, in non-Nairobi urban areas, profitability has increased by 26 percent while in rural areas profits for the agents have gone up by 45 percent.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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5 African Bitcoin Startups to Watch
Bitcoin is gaining traction worldwide, with the first quarter of 2015 seeing record levels of investment pumped into Bitcoin startups globally. Africa is no exception to the trend, with startups springing up with innovative applications for Bitcoin in the African context – disrupting the remittance market, and making the cryptocurrency available over SMS. Here, Disrupt Africa names the five startups leading the way with Bitcoin in Africa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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What The U.S. Can Learn About Financial Inclusion From The Developing World
While every country context is unique, there is much that the U.S. and developing countries can learn from each other.
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- Uncategorized
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India sees more cashless transactions through internet, ATM as consumers favor virtual payment
Paperless transactions through the internet, ATM, cards and mobile devices have surpassed paper-based ones in the year leading to March 15, reiterating the fact that Indians are moving towards virtual payment.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Kenya’s Jamii Bora Bank sheds microfinance tag
Jamii Bora Bank has announced that it is now targeting Small and Medium Enterprises (SMEs), in a major change of strategy that has seen it shed the microfinance tag.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Amazon and the Bank of India Are Helping Small Businesses
The State Bank of India (SBI) and Amazon.in have agreed to work together and focus efforts on improving payments and e-commerce solutions for small businesses across the country.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Vodacom’s M-Pesa Relaunch Is a Flop
A second attempt by Vodacom to launch the M-Pesa mobile payments platform in South Africa has flopped.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Findex: Sub-Saharan Africa Continues to Be the Leading Frontier of Financial Inclusion
Half of the world's population lives and works in the informal economy - not by choice, but by necessity. In the language of economists, poor families in developing countries are consumption-smoothing households and capital-consuming, self-employed entrepreneurs at the same time. As a result, they need a broader range of financial services to manage inevitably irregular income and expense spikes, accumulate working capital, build assets, and mitigate risks. Lacking better alternatives, they often resort to informal financial mechanisms, such as moneylenders, pawnbrokers, and rotating savings clubs, which can be very unreliable and expensive.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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