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Weekly Roundup: Romanticizing Castro, Bridge’s Troubled Waters and the Benefits of Cash
NB's Weekly Roundup makes the call on whether Cuba's high quality of health care justified Castro’s means of achieving it; ponders the future of a private education company under attack from public sector foes; helps debunk the assumption that poor people, when given cash, will squander it on cigarettes and alcohol; and brings up the possibility that data, as it relates to public health, is a business opportunity.
- Categories
- Education, Health Care, Technology
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Cash transactions surge at Indian microfinance firms after note ban
Restrictions on cash withdrawals have had the perverse effect of boosting cash transactions in microfinance companies. Microlenders are hoarding cash received in repayments and then disbursing it to customers directly rather than depositing it into bank accounts, officials of at least three firms said.
- Categories
- Technology
- Region
- South Asia
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The G2P Silver Bullet? Not So Fast.
Many governments offer cash transfers to millions of people at or below the poverty line, most of whom are not connected to the formal financial system. If these cash transfers are funneled into bank accounts rather than paid directly out in cash, these people immediately gain an on-ramp to financial services. But there is a resounding dissonance between enthusiasm for this solution, and the evidence to date.
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- Uncategorized
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Nigerian Regulator Restores WorldRemit, 10 Other Money Transfer Operators
The Central Bank of Nigeria has given new operating licenses to 11 International Money Transfer (IMTOs) service providers, in efforts to open up the market and make foreign exchange readily available to the nation’s low income earners.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Bank of Ghana to Make Mobile Money Platforms Interoperable
The Bank of Ghana has initiated a project to implement a mobile money payment infrastructure that will enable the seamless transfer of funds from one network provider to another (interoperability).
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- cash transfers, fintech
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WorldRemit Brings Mobile Transfers to Malawi
Digital money transfer service WorldRemit has introduced overseas remittances to mobile money accounts in Malawi. Users of the WorldRemit app or website will be able to securely send money transfers to any Airtel Money account in the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigeria clamps down on money transfers to the country
The Central Bank of Nigeria has suddenly changed its policy toward money transfer operators, effectively blocking many services used by Nigerians to send money to and from the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- cash transfers
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Can Cash Lead the Revolution That the Humanitarian System So Badly Needs?
Recently, in a Liberian refugee camp, I met Christelle, a young mother who was recovering from the violence and insecurity in her home country of Côte d'Ivoire. In our discussions, she didn`t want to talk about her needs for shelter, psychosocial support, or the any of the humanitarian challenges I had come prepared to discuss. Instead, Christelle spoke of the unfamiliar food she had been given during an aid distribution, and the lack of options to feed her children. “My children are getting sick. I don’t know how to cook this, I need rice - please,” she said.
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- Uncategorized