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PayPal’s New ‘Digital Wallet’ May Accept Bitcoin
One day after that report made the rounds, Entrepreneur magazine discovered that PayPal began to crack down on users who utilized its platform to sell bitcoin.
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- digital payments
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Home Financiers Strike Deal for Bottom of the Pyramid in Kenya
“Over the years, the country has accumulated a housing deficit of over three million, which has led to demand for housing exceeding supply and proliferation of slums. Now we are telling people to stop renting houses and move to their own homes.”
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- Sub-Saharan Africa
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Going Local: Mobile financial service providers must consider local differences in access & usability, says Grameen Foundation
Mobile finance has received a lot of attention as a way to further financial inclusion. But the mobile phone is not yet accessible enough to reach significant portions of the unbanked, with poor women in particular being left behind. New research from Grameen Foundation explores large variations in mobile phone comfort levels and usage patterns among poor, rural women in India and the Philippines.
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The Other Driver of Financial Exclusion: Poverty alone isn’t keeping people unbanked, says Ignacio Mas
Much of the discussion in financial inclusion revolves around poverty. But in Part 6 of our Mobile Money Movers series, thought leader Ignacio Mas explains why poverty itself isn’t the biggest thing keeping the unbanked out of the formal financial system. Mercy Corps’ Kyla Yeoman interviews Mas in this fascinating and wide-ranging video Q&A.
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Myanmar caps microfinance loans at $500, sparking MFI concerns about small business growth
A new directive in Myanmar caps microfinance (MFI) loans at $500, which has the sector worried that small business growth could be stifled even as it expands its role within the Southeast Asian economy.
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- Uncategorized
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- governance, microfinance
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Central Bank of Nigeria refutes report of imminent shutdown of 600 microfinance banks
The Central Bank of Nigeria CBN on Tuesday refuted a recent report that 600 microfinance banks (MFBs) were facing imminent shutdown. According to a statement by the apex bank, its Director, Other Financial Institutions Supervision Department (OFISD), Mr. Olufemi Fabamwo was quoted as saying that the story was totally untrue and misleading.
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- Uncategorized
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- governance, microfinance
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Airtel Money generates 30m transactions worth $1b monthly in Africa
With its activities cutting across 15 countries in Africa, the Airtel Money has been described as a significant contributor to the mobile financial sector in Africa as it generates a monthly average of 30M transactions valued at $1 billion from an active base of 5 million customers.
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Proof of identity hindering Nigeria’s N1.1trn mobile money business
The lack of generally accepted proofs of formal identification required to assist service providers navigate KYC (Know Your Customer) concerns has been identified as a major drawback to the success of mobile money operations in Nigeria, according to a new report released by Lafferty Group and obtained by BusinessDay on Tuesday.
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