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Can Mobile Money Boost Financial Inclusion in Southern Africa?
Mobile money offers opportunities for the unbanked to save, spend, and transfer money using just a cell phone. Linda Du ’19, an MBA student at Yale SOM, traveled to Zambia, Malawi and Mozambique to talk with providers, customers, and others about the technology’s potential to give the poor access to the financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Is North Korea Moving Toward a Cashless Society?
According to a Seoul-based online newspaper Daily NK, some North Korean people are apparently using mobile phone credits as currency and a means of commercial transaction.
- Categories
- Finance
- Region
- Asia Pacific
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Ugandans continue to boycott OTT tax, transact less mobile money
Regarding mobile money transactions, while the amount of money deposited in digital wallets has grown, people have reduced on the number of transactions they make.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Kenya’s Safaricom’s overdraft service exceeds expectations
Started 11 years ago as a service to allow Kenyans without access to the banking network to transfer money via mobile phones, M-Pesa now offers loans and savings in conjunction with local banks, as well as merchant payments services.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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How Does Digital Finance Impact Low-Income Clients? Insights From a New ‘Evidence Gap Map’
Digital finance can help people live happier, healthier and more prosperous lives – but those outcomes are not inevitable. And the more data we have about the effects of various digital finance products, the better those products will be, says Niamh Barry at Caribou Digital. That’s why the Partnership for Finance in a Digital Africa created the Digital Finance Evidence Gap Map, which now includes 55 studies covering 60 products. Barry highlights some key insights from the research, and how it can boost the sector’s social impact.
- Categories
- Finance, Impact Assessment
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Viewpoint: How the digital finance revolution can drive sustainable development
A new task force convened by United Nations Secretary-General António Guterres will consider how these two topics might best intersect: how the digital revolution in financing could be shaped not only to minimise potential harms, but in ways that could help advance the SDGs’ inspiring vision.
- Categories
- Finance
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Mobile lenders drive microfinance entities to early grave
The zenith of microfinance lending in Kenya, as perfected by institutions such as Kenya Women Microfinance Bank saw many poor borrowers saddled with untenable debts.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Flutterwave and Visa launch African consumer payment service GetBarter
The app-based offering is aimed at facilitating personal and small merchant payments within countries and across Africa’s national borders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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