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Dispatches from the Mobile Money Revolution: Mondato Summit Africa highlights the dynamism (and tensions) behind the continent’s embrace of mobile finance
Africa is widely seen as ground zero in the mobile money revolution that’s sweeping the developing world. The Mondato Summit Africa brought some of the continent’s key mobile financial services players together for a lively, at times controversial discussion of the challenges and opportunities they face.
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Proliferation, Dominance, Evolution & Impact: Helix report examines the status of mobile money agents in Kenya
Kenya is the world leader in mobile money services, and these services depend largely on the strength of their agent networks. The Helix Institute of Digital Finance explores that topic in its third Agent Network Accelerator country report. It focuses on the proliferation of agents in the country, the effect of Safaricom’s dominance, how the agent network is evolving, and the impact it is having on financial inclusion.
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- Education
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Is Brazil the Country of the Future for Mobile Money?
Just three years ago, Latin America had the fewest number of mobile money deployments of any region in the world. Some believe that Brazil, with its extensive branchless banking infrastructure and supportive regulations, could become the first Latin American country to take a full mobile money deployment to scale. But according to Mondato, there are reasons to be skeptical.
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Five Ways to Make Electronic Delivery of Social Transfers Work for the Poor: Insights from CGAP’s recent Focus Note
Cash transfers are an increasingly popular tool to provide assistance to the poor, with nearly 174 million individuals in 43 countries receiving them. E-payments could improve the effectiveness of social transfers, but it’s very difficult to implement them effectively. A recent study conducted by Bankable Frontier Associates explores four programs on the cutting edge of designing and implementing e-payments in low-income settings.
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- Education
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6 Reasons Online Remittances Are Primed to Explode: International money transfers are moving online – and that’s good news for the BoP
Global remittances to developing countries are estimated to exceed $436 billion in 2014, and research suggests that they help lower poverty significantly. Unfortunately, high fees have claimed a substantial part of this money. But multiple factors are driving the industry online, says Logan Lemberger - and that could be a boon for the global poor.
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Problems and Potential in Tanzania’s Mobile Money Ecosystem: Highlights from Helix’s Agent Network Accelerator survey
Tanzania has crafted an impressively successful ecosystem for mobile money, with a unique agent network system that can be used as a model for the rest of the world. But this network is also struggling with fraud, liquidity management issues and other challenges. The recent country report from the Helix Institute of Digital Finance provides insights into what’s working, and what isn’t.
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Mondato Summit Africa: The high-level mobile money gathering will take place in Johannesburg, South Africa on June 17-18th
Mobile money is reshaping financial services in the developing world, and Africa has become the epicenter of the movement. That’s why NextBillion is pleased to announce that we’ll be a media partner with Mondato Summit Africa, an mCommerce, mobile money and innovations conference taking place in Johannesburg, South Africa on June 17-18th.
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- digital payments
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Mobile payments will exceed half a trillion dollars worldwide
The value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40% year-on-year, according to Juniper Research.
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- Technology