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Want to Know How to Properly Measure Financial Inclusion? Copy the Retailers.
To better understand and measure how people use financial services, i2i looked outside the industry to the retail sector, which is at the forefront of how to collect and analyze data on how consumers engage with their services. In particular, retailers understand key usage indicators fundamental to their business; namely recency, frequency, monetary value and duration. That led i2i to apply these indicators while studying how to improve financial services.
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- Uncategorized
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Digital transactions slowing down in India after initial demonetisation rush
The currency ban widened the use of debit cards. The average value of card payments fell drastically, showing that they were used even for small value purchases.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Vodafone Albania brings curtain down on M-Pesa
A notice sent by the operator to its M-Pesa users revealed the service will cease operations on 14 July. Customers will have until 29 July to withdraw any funds lodged with the service from any Vodafone Albania retail store.
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- Uncategorized
- Region
- Europe & Eurasia
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Sub-Saharan Africa to Surpass Half a Billion Mobile Subscribers by End of Decade, Finds New GSMA Study
“Sub-Saharan Africa will be a key engine of subscriber growth for the world’s mobile industry over the next few years as we connect millions of previously unconnected men, women and young people across the continent,” said Mats Granryd, Director General of the GSMA.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- fintech
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MetLife Foundation & Verb Launch Competition To Accelerate Financial Innovation In Egypt & Lebanon
The competition launches in Egypt & Lebanon this week and will attract participants that have an innovative idea or solution to empower the nearly 50 million Egyptians and Lebanese that manage their day-to-day financial lives without a bank account.
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- Uncategorized
- Region
- North Africa & Near East
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Airtel loses 5 million mobile money users in Kenya in three months
The firm’s subscribers stood at 6.3 million in March, a decline from 6.8 million in December, which the regulator attributed to the revision of a popular offering by the operator resulting in customers slowing down on use of its products.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Happy July Fourth
America's celebrating Independence Day today, so NextBillion's editors are taking a little time off to celebrate and maybe even see a few fireworks.
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- Uncategorized
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Nigeria: 10 Microfinance Banks Account for 40 Percent of Industry Loan
THE Central Bank of Nigeria (CBN) has said the ten microfinance banks account for 40 percent of total loans in the subsector.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- lending, microfinance
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