-
Big banks see rich opportunities in world’s poorest
When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought they'd just had a 30 percent pay rise. In truth, they had just been paid the full amount, with nothing skimmed off by middlemen, for the first time.
- Categories
- Uncategorized
-
Why Mobile Wallets Won’t Work in India… Yet: The need is there, but obstacles remain
India has more competing mobile network operators than any other country, and it’s one of the largest and fastest growing mobile markets in the world. It’s also one of the most problematic countries for financial inclusion, with half the population lacking access to formal banking services. Mobile banking seems like an obvious solution, but as Ritesh Dhawan of MicroSave explains, implementing that solution is not so simple.
- Categories
- Uncategorized
-
Mobile Banking Moves Ahead in Nigeria
As a result of the innovation in the Nigerian payment system, mobile phones have rapidly become a major medium for banking and payment for transactions, writes Nume Horsfall.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Kenya making progress in fighting financial crimes
Jackson Kitili, interim director of Kenya’s Financial Reporting Centre, a specialised government agency set up in October 2012 to deal with money laundering and other financial crimes, talks about progress in fighting financial crimes.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Taking The ‘Fun’ Out Of Crowdfunding
Crowdfunding is a trendy and cool buzzword. “Crowd” sounds sociable and “funding” is, of course, always good. But equity crowdfunding as contemplated by rules proposed by the SEC in late October is not promising.
- Categories
- Uncategorized
- Tags
- crowdfunding
-
Uganda: Mobile Money Gives Banks a Run
To Richard Mwebaze, the message was loud, clear and a welcome relief from those dreaded bank queues. The head teacher at one of his children's school said parents were now free to pay school fees by mobile money.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
-
Philippines’ Quezon City and USAID Launch Mobile Money System
The Local Government of Quezon City, in collaboration with the U.S. Embassy Manila’s United States Agency for International Development (USAID), has launched an innovative mobile money system.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- governance, mobile finance
-
Success at Scale: How CARD Bank activated 480,000 poor savers in the Philippines
Grameen Foundation recently completed an innovative 4-year project with CARD Bank in the Philippines. Their goal: to provide access to secure, accessible and convenient savings accounts targeted to the poor. Julie Peachey describes how Grameen helped the bank open 480,000 new active savings accounts and create the infrastructure for implementation of mobile financial services, while helping its partner ensure sustainability.
- Categories
- Uncategorized
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.