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Telecel Zimbabwe launches mobile money credit card
Zimbabwe's second largest telco by subscriber numbers, Telecel, on Wednesday launched a credit card for its mobile money system Telecash.
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- Uncategorized
- Region
- Sub-Saharan Africa
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What social nonprofits can teach the corporate world
Going forward, for-profit enterprises will need to collaborate with other groups to do things like product design and manufacturing. Social enterprises have mastered this.
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Mobile payments ideal for Africa
In emerging markets, mobile money has the power to transform lives, says Gemalto.
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- Uncategorized
- Region
- Sub-Saharan Africa
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IBM signes deal worth Rs 550 crore with microfinance firm Janalakshmi Financial Services
NEW DELHI: International Business Machines (IBM) has signed a deal worth Rs 550 crore with microfinance firmJanalakshmi Financial Services, according to people familiar with the discussions. IBM's consulting division, along with its Institute of Business Value, is leading the engagement, a person familiar with the transaction said.
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- Uncategorized
- Region
- South Asia
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Zimbabwe’s high interest rates, multiple borrowings and growing debts
Zimbabwe's microfinance institutions (MFIs) doled out $170 million worth of loans to clients in the first quarter of the year with the bulk of the funds going towards domestic consumption.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Incentives to lift mobile money uptake
Airtime can be used as an incentive to drive the uptake and usage of mobile money services in countries where its growth has been sluggish.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Fraudulent Mobile Money Transactions by Staff Cost MTN Uganda Billions
Mobile telecoms operator MTN Uganda has a history of losses resulting from internal misappropriation of funds. In a number of cases, former employees — mainly trade developers, mobile money agents and cleaners of contracted cleaning agencies — have faced convictions for defrauding the company.
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- Uncategorized
- Region
- Sub-Saharan Africa
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From Vision to Reality: RBI ruling brings India one step closer to true financial inclusion
In a recent landmark ruling, the Reserve Bank of India has allowed non-banking financial companies to provide basic services such as bank accounts and transaction services. This paves the way for microfinance institutions to jump into the fray, and could drive true financial inclusion in a country where 720 million people still do not have a bank account.
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