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Kenya has long been grappling with inefficiencies in government service delivery, characterized by resource constraints, bureaucratic processes and lack of accountability. In response, the government launched an integrated service model for person-to-government and business-to-government payments, allowing digital payments via online and mobile tools. Here are four reasons Kenya is ideally suited to digitize its government functions.
Digital Government: 4 Keys to Kenya’s Success with Electronic Government PaymentsNews
Bitcoin and blockchain technology have the ability to bring financial services to the unbankedthat otherwise would be unavailable to them. Mexican mobile payments platform Saldo.mxallows to pay for their loved ones’ utility bills across borders. Saldo recently debuted a microinsurance service, Consuelo, to allow users to easily use a fixed health and life insurancepolicy.
Consuelo Offers Blockchain-Powered Microinsurance to Migrant WorkersNews
As Mobile Money services continue to grow in popularity in the United Republic of Tanzania, the Tanzania Communications Regulatory Authority (TCRA) has had the foresight to implement a technological platform to enable the monitoring of mobile money services in the country. The Mobile Money Monitoring (M3) platform provided through the joint efforts of SGS-Société Générale de Surveillance (SGS) and Global Voice Group (GVG) and inaugurated in 2015 by the Hon Prof Makame M. Mbarawa, Minister of Communications, Science and Technology, is making this possible. Tanzania is now the first country—in the East African region, and also in the entire world—to implement a Mobile Money monitoring solution.
Tanzania Deploys the First Mobile Money Monitoring Solution for Regulatory Authorities in the WorldBlog Post
I went to a global health conference last weekend and an economics lesson broke out. OK, that’s a bit of an oversimplification. A lot more than economics was discussed at the 13th annual Unite for Sight Global Health & Innovation Conference at Yale University. It’s just that as I scurried from session to session around the campus, I kept hearing about the scarcity and/or misapplication of money.
Weekly Roundup: Healthy Debate and Unhealthy Economics at Unite for SightNews
Morningstar has begun to rate more than 20,000 mutual funds on their environmentally sustainable characteristics, and that should give a boost to sustainable investing in general say organizations that promote impact investing.
Morningstar Gives Marks for Environmental PrudenceNews
Underlining its digital-first approach, Paytm, India’s largest mobile payments and commerce platform, has announced the launch of its ambitious pilot project to enable seamless internet connectivity for users. Under this initiative, Paytm is enabling limited-duration free Wi-Fi for its users in partnership with a licensed ISP. The first such Wi-Fi initiative is already underway near the Noida-18 metro station in partnership with a licensed ISP.
Paytm Launches Wi-Fi Pilot in India; Enables Free Internet for a Limited DurationNews
Despite fierce opposition from traditional taxi drivers, Kenya has become one of Uber’s fastest-growing African markets, and allowing cash payments played a crucial role in the growth, according to Alon Lits, Uber general manager for sub-Saharan Africa.
In the Birthplace of Mobile Money, Kenyans Prefer Paying Cash for UberNews
According to the World Health Organisation, every dollar spent on treating anxiety and depression produces a fourfold return in better health and ability to work, which is good for the countries' development and economic growth.
How Treating Anxiety, Depression Can Help Global Economy
