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Mobile money platform backs ‘Yolanda’ recovery efforts in the Philippines
Mobile money is playing an increasing role in disaster recovery efforts as shown by the initial projects undertaken in the aftermath of Typhoon Yolanda. This development has caught the interest of relief agencies of the United Nations, as well as other international humanitarian agencies, who are studying the experience of the Philippines in disaster response.
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Teasy combines NFC and biometrics for payments in Nigeria
Nigerian mobile payments provider Teasy Mobile is to equip its mobile money agents with POS terminals that use biometric technology to verify a consumer and NFC to allow them to make a payment.
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Saving Nigeria’s micro-finance banking sector
The recent approval of the liquidation of 83 micro-finance banks (MFBs) by the Central Bank of Nigeria (CBN) is bad news from the banking sector. It is worrisome that as many as 83 of these institutions are going under, barely four years after 224 of them were declared insolvent in 2010, with attendant negative implications for depositors’ funds.
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“Early-stage investments harder to make” says Omidyar Network’s Bannick
Omidyar Network, the Redwood City, California-based impact investment firm, will allocate $30 million this year across sectors as it looks to pick ventures that cater both to the bottom-of-the-pyramid population as well as the swelling aspirational class in India.
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Banks, Corruption and Crypto: Can Bitcoin Change India?
Last December, the Reserve Bank of India (RBI) issued a warning on digital currencies noting that the bank had not yet authorized any organisation in India to use cryptocurrencies as a method of payment.
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Schwab Foundation for Social Entrepreneurship Announces Social Entrepreneurs of 2014
Thirty seven Social Entrepreneurs have been recognized by the Schwab Foundation as the Social Entrepreneurs of the Year 2014. The winners were selected in recognition of their innovative approaches and potential for global impact. The awardees will be announced during a livecast session at The Huffington Post, featuring Hilde Schwab, Co-Founder and Chairperson, Schwab Foundation for Social Entrepreneurship.
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Weekly Roundup – 3/22/14: Why it’s time to start feeling good about Africa
If the facts don’t fit the frame, all too often, those facts are disregarded. The facts about Africa’s economic and entrepreneurial growth continue to defy the frame of the “impoverished third world and therefore to be pitied” continent that, even now, remains fixed in the minds of many.
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Human-Centered Design: The Key to Mobile Money Adoption?
While mobile money is now available in almost every emerging market, active usage remains low. In fact, only about 30 percent of registered mobile money accounts are actively used, according to the most recent GSMA State of the Industry report. Bridging this crucial gap between registration and active usage will require providers to design products and services that are not simply ‘great ideas,’ but that truly meet the needs of end users.
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