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Weekly Roundup – 5/17/14: How big is the BoP? IFC’s Global Consumption Database offers answers
The IFC has updated and significantly expanded the picture of the market first articulated by “The Next 4 Billion” report and this week delivered it in a publicly accessible resource called The Global Consumption Database. More than 1 million household surveys, conducted between 2005 and 2010, provide the source data for the database. The free database is designed it help large companies and small social enterprises devise future strategies.
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Small businesses in Kenya embrace mobile money payments
Small business operators in Kenya have for many years resisted mobile money payments as they preferred cash transactions.
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- Sub-Saharan Africa
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Vodacom Tanzania, CBA launch mobile money banking product
Vodacom Tanzania and Commercial Bank of Africa (CBA) have launched a banking service named M-Pawa allowing Tanzanians to save and borrow money on their mobile phones.
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- Sub-Saharan Africa
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Why Government Should Help Poor People Get Bank Accounts
The former head of consumer affairs in New York City explains why helping the poor manage money more wisely would also help government manage their money more wisely.
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PRESS RELEASE: MIX Introduces Groundbreaking System For Analyzing Data On Financially Underserved Communities
First Platform for Coordinated Delivery of Responsible Financial Services to the Unbanked
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BitPay Raises $30m in Record-Breaking Bitcoin Funding Round
Atlanta-based bitcoin merchant processor BitPay has officially raised $30m in Series A funding in the largest-ever financing round for a bitcoin company.
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- impact investing
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What is holding back the social entrepreneur
Ramasubbu Shankar, given his ordnance factories background, likes to cite the works of Lieutenant General Mikhail Kalashnikov, who developed the versatile AK-47 series of assault rifles. Just like the late Russian officer, Shankar, with just an engineering diploma, revels in tinkering. He doesn't possess strong academic credentials but betrays an intuitive hold on engineering from his decades of hands-on work in defence-related technologies.
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Citi starts Latin American mobile startup challenge
Citi is hosting a major new mobile innovation competition in Latin America. Called the Mobile Challenge LatAm 2014, the competition aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.
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