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Is Social Enterprise the “Child Star” of the Sector?
Writing for the Poverty Matters blog at the Guardian, Deborah Doane, the former director of the World Development Movement, calls social entrepreneurs in India “the child star in an otherwise much-maligned space.”
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U.S. Senator calls for a Bitcoin ban as regulators seek ‘accelerated push’
The implosion of a once-popular Bitcoin exchange has some lawmakers calling for a ban on the virtual currency.
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Central Bank of Nigeria to extend cashless policy nationwide
The Central Bank of Nigeria Acting Governor, Dr. Sarah Alade, Wednesday said the bankers’ committee will not rescind on the plan to extend the cashless policy to other states in the country from July 1.
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- Sub-Saharan Africa
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Banks lose out as M-Pesa goes global with MoneyGram deal
Safaricom’s push to take its mobile money transfer business global has received another boost with the signing of a deal that will see users of MoneyGram send cash directly to M-Pesa customers from any part of the world.
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Mt.Gox Files For Bankruptcy Protection, Says 850,000 Bitcoin Lost
Mt.Gox has filed for bankruptcy protection and has outstanding debt of about $63.6 million, a lawyer for the Bitcoin exchange said today during a press conference at the Tokyo District Court, reports the WSJ.
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- digital payments
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Kiva Partners with Vittana to Bolster its Student Loans Program
Kiva is one of the microfinance pioneers, helping entrepreneurs and small businesses secure loans from backers who give as little as $25. The platform, which has been around since 2005, has collected over $500 million in loans from its million-strong community.
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BlackBerry plans mobile money services
Canadian smartphone maker Blackberry sees India as a key market for launching its mobile money services. The company plans to launch money transfer services on the Blackberry Messenger platform in partnership with local banks.
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Unbanked consumers bypassing banks, going straight into mobile money, says Citigroup
Just as the mobile phone transformed the communications industry, it seems clear that mobile financial services are poised to transform the financial sector. Speaking on the second day of Mobile World Congress 2014 here in Barcelona, Michael Corbat, chief executive officer of U.S. multinational financial services company Citigroup, made the point that while more than 3 billion people have a mobile phone, only 2 billion people have a bank account.
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