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M-Pesa, MoneyGram in money transfer service agreement
M-Pesa – through its parent company Vodafone – and global money transfer and payment services firm MoneyGram have signed an agreement enabling consumers to transfer funds directly from around 200 countries to the millions of M-Pesa users.
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- Uncategorized
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Kiva Responds: The famed microlender replies to Hugh Sinclair’s scathing critique
On Monday, NextBillion Financial Innovation published a post by Hugh Sinclair, a prominent critic of microcredit, in which he leveled some sharp criticisms of Kiva, its microlending model and business practices. Today, Kiva’s co-founder/CEO and president give their side of the story.
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- Uncategorized
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Can Mobile Money Really Transform the Lives of the Poor?: BRAC will discuss its potential at the 2nd Frugal Innovation Forum on March 28-30
By the end of 2014, there will be more mobile phones than people in the world. This opens up a significant opportunity for new strategies to help people move out of poverty. But how big can the impact be, and what obstacles stand in the way? These and other topics will be under discussion at BRAC’s 2nd Frugal Innovation Forum on March 28-30, 2014.
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Zimbabwe’s Mobile Money Agents Form Association
Agents handling mobile money transactions for Econet, Telecel Zimbabwe and NetOne in Zimbabwe have formed an association to advance their interests and lobby for inclusion in policy making.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Kenyan Banks Scrambling to Leverage M-Pesa
Kenyan banks are reported to be scrambling to leverage Safaricom’s mobile banking platform, M-PESA, to attract more customers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Opinion: The U.S. Post Office Banks on the Poor
People like to complain about banks popping up like Starbucks on every corner these days. But in poor neighborhoods, the phenomenon is quite the opposite: Over the past couple of decades, the banks have pulled out.
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Safaricom Deal to Allow Diaspora to Send Money to M-Pesa Accounts
According to the Central Bank of Kenya (CBK), last year’s diaspora remittances reached US$1.3 billion (KSh112 billion), up from US$1.17 billion (KSh101 billion) in 2012.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Reserve Bank of India Eases Lending Norms for Microfinance Institutions
Move gives more leeway to medium-sized micro lenders to price their loans based on their cost borrowings
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- Uncategorized
- Region
- South Asia
- Tags
- governance, microfinance
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