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Sub-Saharan Africa’s Mobile Money Market Could Grow to $1.5 Billion by 2019
Sub-Saharan Africa is adopting mobile financial services at a pace seen in few other places, presenting banks and mobile-network operators (MNOs) with a set of strategic choices that will go a long way toward determining their success in the region.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bitcoin Blazes New Trail in Emerging Markets
While the tech world is busy speculating about bitcoin’s volatile value, cryptocurrency is making arguably its biggest impact in countries where the current price of 1 bitcoin exceeds the average salary earned in a week.
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Unable to Get Credit, African Entrepreneurs Turn to Crowdfunding
Crowdfunding is a way to raise money from a large number of people via the Internet to fund a project. The concept is well established in the West, but is still new in Africa. A World Bank project in Kenya has launched a mentorship program to help business owners take advantage of crowdfunding, which some say could help replace the kind of aid they currently receive from NGOs.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- crowdfunding
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Step One in Growing Impact Investing: Prove Social Enterprise Works
Rigorous evidence of impact is not just about accountability in impact investing. It is an enabler of the field's growth in its own right.
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World Bank Boosts Financial Inclusion in Cameroon
The International Finance Corporation (IFC), a member of the World Bank Group, has recently announced an advisory services agreement with Mircrofinance Institute Advans Cameroun geared at expediting the rate of financial inclusion in Cameroon by expanding the range and reach of services available to underserved urban and rural populations.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nigerian Banks Intensify Efforts on Customer Biometric Registration
In an effort to reduce incidents of fraud and protect customer accounts from unauthorised access, the Bankers’ Committee has intensified efforts on the enrolment of bank customers on the Bank Verification Number (BVN). BVN involves the registration of customers in the financial system using biometric technology making accounts more secure using unique identifiers such as fingerprint.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Western Union to Cut Prices for Money Transfers Within U.S.
Western Union Co (WU.N) said it would cut prices for money transfers within the United States to help fend off fierce competition and would buy back up to $1.2 billion of shares.
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- Uncategorized
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- digital payments
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Press Release: Center for Financial Inclusion at Accion and HelpAge Int’l Report – Aging and Financial Inclusion: An Opportunity
Today, the Center for Financial Inclusion at Accion (CFI) and HelpAge International released Aging and Financial Inclusion: An Opportunity, a report that examines the unmet financial needs of the rapidly growing global aging population, particularly in the developing world. The purpose of this report is to highlight the barriers and opportunities related to financial services in older age and throughout the aging process, a relatively neglected area of study.
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- Uncategorized
- Region
- Latin America
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