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‘Mobile money has moved from this new thing into an industry,’ says MasterCard
Close to 70% of the world’s active mobile money customers are in sub-Saharan Africa, according to Aaron Oliver, head of emerging payments for Middle East and Africa at MasterCard.
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Bitcoin: The Indestructible Currency?
Bitcoin is independent, and it is designed to be anti-inflationary. There will only ever be 21 million Bitcoins in existence, and users obtain Bitcoins by ‘mining’ them through running algorithmsto unlock the coins – or by exchanging conventional money for Bitcoins.
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- digital payments
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Incofin Investment Management’s Rural Impulse Fund Acquires Equity Stake in FIELCO From Accion Gateway Fund
FIELCO expects to use Incofin IM’s expertise in international microfinance to “strengthen its governance, focus on social performance and overall structure”
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- Latin America
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Mobile Money Security is Kenya’s Next Big Challenge
Attention needs to be paid to the security of mobile money systems in Kenya especially with the licensing of three virtual network operators in the country, say experts.
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- Uncategorized
- Region
- Sub-Saharan Africa
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MTN, Airtel Announce Cross Border Remittance Deal in West Africa
The partnership will allow MTN customers in Ivory Coast and Airtel customers in Burkina Faso to transfer money between the neighboring countries.
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- Uncategorized
- Region
- Sub-Saharan Africa
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OPINION: Only New Products Will Keep MFIs Growing in Rwanda
Through innovation, it is possible for the sector to financially reach the unbanked population and drive home the EDPRS II objectives, especially in the rural areas.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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Digital-payment revenue in sub-Saharan Africa expected to soar
Electronic-payments revenue in sub-Saharan Africa (SSA) could reach up to $16 billion annually in the next few years if the growth of mobile payments in Kenya is repeated across the continent, according to a recent study by McKinsey and the Gates Foundation.
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Former Avon CEO Andrea Jung takes top spot at microfinance company Grameen America
The former head of Avon is now leading Grameen America, a group that provides small loans to poor women entrepreneurs in the U.S. Andrea Jung was CEO of the beauty products company from 1999 through April 2012 and served as chairman through the end of that year. Considered one of the most powerful women in business, she came under fire for failing to stem Avon's sales declines and left amid an overseas bribery investigation.
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- Uncategorized
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- microfinance
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