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Indian banks develop a liking for microlending
India’s microlending industry, dominated by traditional microfinance institutions (MFIs), is witnessing a re-emergence of interest from commercial banks, which are targeting low-income borrowers.
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- Uncategorized
- Tags
- microfinance
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MasterCard prepares for African growth
MasterCard was eyeing a slice of the expected exponential growth from the emerging African market in coming years, particularly as mobile payments surged, Aaron Oliver, the head of emerging payments in the Middle East and Africa for the multinational firm, said yesterday.
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Can this tiny startup be the definitive lender for the world’s emerging middle class?
A big challenge for people in an emerging middle class who are struggling to find avenues to credit is that they rarely have formal credit histories. They do, however, have social networks -- rich communities of family members and friends who can vouch for their character and credibility. And increasingly, as smartphones open up the Internet's opportunities to growing numbers of people, they have online social networks that mirror their communities.
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- Uncategorized
- Tags
- credit scoring, lending
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HaPinoy, PBSP work to revive E. Visayas sari-sari store economy
SOCIAL enterprise HaPinoy is closely working with the Philippine Business for Social Progress (PBSP) to revive the sari-sari store economy in Yolanda-ravaged areas in Eastern Visayas. HaPinoy president Mark Ruiz said they will initially help 2,000 sari-sari stores in Leyte for the livelihood rehabilitation effort that will benefit 100,000 residents to have access to basic commodities.
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Accion Microfinance Bank Share capital Reaches N1.205bn in Nigeria
The micro finance bank’s robust financial base reflects on over N21.7billion disbursed in loans to more than 110,000 customers since inception.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Kenya’s Safaricom Plans to Disrupt Mobile Market with Contactless Transactions
For a successful deployment, Safaricom is expected to build an NFC infrastructure countrywide, just like it did with its mobile money agents so as its subscribers can pay for services and buy goods anywhere in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Uganda Telecom to Upgrade Mobile Money Platform
Uganda telecom, a partially state owned telecommunication service provider, has signaled it will embark on upgrading its mobile money banking platform, M-Sente, in the next two weeks to enable their customers enjoy the service flawlessly.
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- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: Western Union Expands Mobile Money Transfer Network in Nigeria
New relationship with Paga gives more than 1.2 million Paga subscribers access to Western Union services.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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