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East Africa: Safaricom Gets GSMA Support in Mobile Cash War With Equity
Safaricom has received critical support in its bid to stop Equity Bank from using embedded SIM cards for the mobile banking and money transfer service the lender plans to introduce in the Kenyan market.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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The Financial Inclusion Game Changer
Today, MasterCard is launching a ground-breaking program in Nigeria with the cooperation of the Nigerian government. This program uniquely combines a national ID card with electronic payments. Daniel Monehin, MasterCard’s Division President for Sub-Saharan Africa, sat down with MPD CEO Karen Webster to discuss why today is a such significant day in payments for Nigeria and why this program has the potential to be the financial inclusion game changer everywhere in the world.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Perspective: How women across Latin America are building a culture of entrepreneurship
Attitudes toward women entrepreneurs in Latin America are slowly but surely changing, mostly due to the efforts of women who are forging ahead with their enterprises and establishing new network support groups. In working with multiple partners across Santiago, Maxwell Kangkolo, co-founder of The Go Project, offers a perspective on women carving out a chasm through a male hierarchical culture.
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- Uncategorized
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Airtel, Tigo claim mobile money first
Two operators in Tanzania launched a service so that subscribers to their rival mobile money services can send and receive cash with one another.Airtel and Tigo claim it is the world’s first cross-network mobile money transfer service.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Y Combinator Nonprofit Zidisha Changes Microfinance Equation
The nonprofit says it has figured out a way of getting a 90% repayment rate on business loans to the types of people no financial institution would trust–young people in poor African countries without as much as a permanent address.
- Categories
- Uncategorized
- Tags
- lending, microfinance
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India telcos agree on mobile banking through SMSs
MUMBAI: Mobile companies have been persuaded by the Narendra Modi government to share a slice of their infrastructure to pave the way for basic banking services through cellphones.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- mobile finance
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Rwanda: Microfinance Sector Soldiers On Despite Burden of Bad Loans
Sector experts say there is an urgent need to address challenges facing MFIs, especially by empowering the sector to enhance its capacity and performance.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Can crowdfunding help finance the ‘missing middle?’
What does a social business do when they don’t have a rich uncle to help them go from microenterprise to a small- or medium-sized enterprises? The answer may be crowdfunding.
- Categories
- Uncategorized
- Tags
- crowdfunding, microfinance
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