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Viewpoint: China’s World Bank Has Rickety Foundations
If any country knows about the risks and rewards of building infrastructure, it is China. Over the past two decades, the People’s Republic has erected countless roads, dams, power plants, bridges and airports in its pursuit of economic development. The result has been a surge in debt, waste, corruption and pollution. It’s a dubious foundation from which to construct the new Asian Infrastructure Investment Bank.
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- Uncategorized
- Region
- South Asia
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- infrastructure
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Mobile Money Transactions Doubled in 2014
The rate of global mobile money transfers continues to increase at a steady rate as the percentage of mobile remittances in 2014 doubled between January 2014 and January 2015, according to new research from Azimo, a mobile money company.
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Econet’s Mobile Money Shopping Service Goes Live in Zimbabwe
Zimbabwean subscribers on Econet Wireless' mobile money platform, EcoCash, will now be able to buy and send groceries to their friends and relatives under a partnership with grocery manufacturer and wholeseller, National Foods.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments
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NexThought Monday – Everybody Loves M-Shwari: So why isn’t everybody using the mobile banking service?
M-Shwari, a mobile service that offers access to formal credit and savings in Kenya, has received tremendous attention from the media, as well as praise from digital financial services advocates. But has this attention led to strong consumer awareness, and if so, has that awareness translated to improved financial access? InterMedia shares the results of their long-term evaluation.
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Zimbabwe: Sex Workers Switch to Mobile Payment Systems
Sex workers in Harare are now demanding that clients pay for services through mobile platforms to avoid being duped with most now moving around with at least two mobile phones to facilitate transactions.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Facebook Money Transfer Service Expected to Benefit African Users
Digital finance experts in Kenya say African users will increasingly benefit from the introduction of a money transfer service onto Facebook's instant messaging platform.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments
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What Brazil and Malaysia Can Teach the U.S. About Financial Inclusion
When people think about financial inclusion, their minds tend to go first to highly-publicized unbanked regions in Africa and parts of Asia. But many people right here in the United States lack access to traditional financial services.
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- Uncategorized
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Table-Banking Bridges the Financial Inclusion Gap in Kenya
Whichever way you look at it, Kenya and by extension the East African region is undergoing a major transformation as far as financial inclusion goes. In October last year, the Central Bank of Kenya released a report on development regarding the access and consumption of financial services in Kenya. The FinAccess 2013 Survey revealed that Kenya's financial inclusion landscape has undergone considerable transformation.
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- Uncategorized
- Region
- Sub-Saharan Africa
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