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Why Nigeria must embrace mobile money and agent banking
Up to 25 mobile money Operators (MMOs) have been licensed since the launch of mobile money service in Nigeria in 2009. Despite this large number of MMOs, high mobile phone and SIM card ownership, mobile money uptake and usage is still low in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Solar Startups Are Plugging Africa’s Energy Gap
Based on current trends, the World Bank predicts that even by 2040 over half a billion people in Sub-Saharan Africa will still lack electricity. Although energy use across sub-Saharan Africa has risen by 45% since 2000, supply has not kept pace with demand.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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Could religious institutions be major drivers of financial inclusion? This new report seems to suggest so
Nigeria is a largely religious society and one where citizens depend on religious social structures, it is not surprising that the study seems to suggest such an approach.
- Region
- Sub-Saharan Africa
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Mexico’s new government wants fintech, banks to help financial inclusion
Arturo Herrera, one of two future deputy finance ministers, said in an interview that the lack of financial inclusion was one of the biggest obstacles in the new government’s fight against poverty, inequality and slow economic growth.
- Categories
- Finance
- Region
- Latin America
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Report: Mobile devices and merchant transactions are driving financial inclusion
In a new report, the company forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum in 2018 to 3.8 billion by 2023.
- Categories
- Finance
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A nearly cashless Zimbabwe tests the limits of mobile money
Currency depends on trust and confidence. Years of economic crises in Zimbabwe have left all three in short supply, spurring a boom in “mobile money” – an industry that is revolutionizing banking in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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M-Pesa puts Safaricom on Fortune’s ‘Change the World’ firms listing
The American multinational business magazine says the mobile money transfer service Safaricom and Vodafone launched in 2007 now claims more than 30 million customers in 10 countries, mostly in remote areas far from banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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These 3 social enterprises are championing sustainable agriculture in Southeast Asia
An increased focus on sustainability and social innovation is transforming the food and beverage industry in Southeast Asia.
- Categories
- Agriculture
- Region
- Asia Pacific
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