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In Zimbabwe, Econet and Western Union to integrate money transfer systems
ECONET Wireless has entered into a commercial arrangement with global money transfer agency Western Union that will enable people to send money from abroad to account holders of its mobile money transfer platform EcoCash. This means EcoCash account holders will not need to physically visit Western Union branches to receive money sent through the money transfer agency.
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OPINION: Indian government and RBI should end their indecisiveness on financial inclusion
Perhaps on no issue have the finance ministry and the Reserve Bank of India (RBI) been in concordance over the past several years - except for financial inclusion.
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Why are Africans Getting Ripped off on Remittances?
Four factors combine to drive up charges. The first is limited competition.
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- Sub-Saharan Africa
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Technology Exists to Lower Kenya’s Money Transfer Costs
Kenyans living abroad could soon send money back to their families and friends in the country at lower costs.
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- Region
- Sub-Saharan Africa
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New Ventures Ditch the Product Invention Lab, Target Distribution Instead: The 12 D-Prize Competition winners are all about sharing proven tech, innovations – not inventing them
Some 500 teams of aspiring entrepreneurs pitched their idea for a new poverty-fighting venture as part of the D-Prize competition. This is no doubt impressive. But what is truly remarkable is that not one single team sought to invent a new technology or poverty intervention. Instead of spending resources inventing a new product, these ventures will distribute solutions that already exist.
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Comply or Explain: Corporate India takes on a new model of CSR
Corporations and NGOs are still working to interpret and implement India’s Companies Act, which requires corporations to spend 2 percent of their average net profits on corporate social responsibility. The law affects about 8,000 companies that will spend a combined total of about $3.2 billion. The Companies Act was the centerpiece of the 2nd Global Conference on CSR in India last week.
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ICD boosting activity in Africa to widen Islamic finance appeal
The private sector arm of the Jeddah-based Islamic Development Bank [ISDBA.UL] plans to increase its activities in Africa, part of plans to widen the appeal of Islamic finance across the region, its chief executive said.
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The democratic disruption of finance
Bitcoin is just one example of a process that will challenge regulators to adapt.
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