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In 2014 the next billion will access the mobile internet—at $20 a handset
The total number of mobile subscriptions will exceed 7 billion by 2014, according to the International Telecommunications Union.
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- Uncategorized
- Tags
- mobile finance
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Central Bank of Nigeria moves to enhance financial services to Nigerians
Nigeria felt that it is lagging behind some of its peer countries in Africa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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P2P lending service Renrendai handed $130 million to get a head start in China’s microfinance sector
Renrendai reported it facilitated RMB 1 billion ($165.2 million) in loans as of August 2013, with a 276 percent year-on-year increase in the first half of last year.
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- Uncategorized
- Region
- Asia Pacific
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- microfinance
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Credit Score, by Multiple Choice
No credit? No problem — just take a test. That’s the message being delivered to more than 70,000 small-business owners in developing countries where credit ratings are rare and many potential entrepreneurs keep their money in cash rather than bank accounts.
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Nigeria promoting financial inclusion through prize-linked promotions
Showy and appealing, prize-linked promotions (PLPs) are the modern version of ‘Million Adventure’, a savings programme launched in the UK in 1694. Anne Murphy in “Lotteries in the 1690s: Investment or Gamble?” described it as “an unprecedented large-scale financial saving tool”. Thomas Neale, who was in charge of the promo commenting on its success said: ‘many Thousands who only have small sums, and cannot now bring them into the Publick, [may now] engage themselves in this Fund’.
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- Uncategorized
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Reserve Bank of India panel suggests new set of banks for financial inclusion
RBI panel headed by Nachiket Mor also seeks universal electronic bank account for all adult Indian citizens by January 2016.
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- Uncategorized
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Spreading hope one box at a time
Over 20 artists share their works to aid victims of typhoon ‘Yolanda’
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- Uncategorized
- Region
- Asia Pacific
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Zimbabwe imposes mobile money tax
Zimbabwe has started levying a tax on mobile money transactions after intense lobbying from the Bankers Association of Zimbabwe (BAZ) for the Zimbabwean central bank to regulate mobile money services “to create a level playing field” in the financial services sector.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- governance, mobile finance
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