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Orange and Ecobank form African m-banking partnership
Orange has struck a deal with Ecobank that will enable customers in several African countries to transfer money between accounts with the telco and financial services group through their mobile phones.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Here’s where Africa’s payments revolution should be happening today
In emerging markets, mobile money services have the power to simplify lives, offering people the convenience of paying from anywhere and at any time, but also to transform them, playing a social noble role by addressing the unbanked or underserved population in Africa, offering them payment services they did not have access to before.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mastercard Opens Tech Hub and Preps for Masterpass in India
MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4).
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- Uncategorized
- Region
- South Asia
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Ethiopia Launches Mobile Money Schemes to Extend Banking Reach
Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Jeff Bezos-Backed Startup Remitly Now Offers Money Transfers to India
Remitly wants to make it easier and cheaper for people to transfer money to family and friends in India.
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- Uncategorized
- Region
- South Asia
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- digital payments
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Obama’s Visit, New Partnership Could Boost Mobile Money in India
The focus of the media attention during the president's visit was the historic invitation to be the honored guest at India's Republic Day -- a first for the U.S. and a signal of the close and evolving relationship between the two countries. However, what got little notice was something the president left behind, something that will likely contribute to the biggest transformation for the poor in India.
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- Uncategorized
- Region
- South Asia
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- digital payments
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A Better Way to Get Paid? : Defining quality for ‘payroll cards’
For low-income employees who lack access to bank accounts, payday often comes in the form of cash or a paper check. But cash can easily be lost or stolen, and checks often require a costly or time-consuming visit to a check casher. Reloadable, prepaid "payroll cards" are a much better alternative, says Thea Garon at the Center for Financial Services Innovation, in describing CFSI’s new Compass Guide to Payroll Cards.
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- Uncategorized
- Tags
- digital payments
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Making Change on a Mobile Handset: Four IPA studies explore how to make digital financial services more effective and affordable
There are 203 million registered mobile money accounts worldwide and 256 mobile money services in operation. But only 30 percent of registered accounts are used regularly. More rigorous research is needed to maximize the sector’s impact on the poor. To this end, Innovations for Poverty Action is implementing several studies on digital financial services, four of which are discussed in this post.
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- Education