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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
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- 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
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Eight Tech and Policy Trends That Will Impact Financial Inclusion This Year
The use of digital financial services will continue to be one of the main drivers for financial inclusion in 2015, says John Owens of the Alliance for Financial Inclusion (AFI). He discusses eight interesting trends AFI has noted - both on the technology and policy sides - that should have a direct impact on advancing financial inclusion through digital means this year.
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- Technology
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2015 – The Breakout Year for Agriculture Digital Payments?
For digital finance to really expand throughout the developing world this year, it needs greater uptake among the rural poor, says Lee Babcock. To achieve that, the sector must think about how best to strategically insert digital finance into the agriculture value chain. He explores a number of ongoing initiatives that are focused on doing just that.
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- Agriculture
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Cheaper, Faster, Better?: Mercy Corps compares E-transfers and cash in the DRC
International humanitarian agencies are increasingly offering cash and vouchers as humanitarian assistance. But distributing cash carries security risks for agencies and recipients, while presenting accounting and logistical challenges. Electronic alternatives or vouchers could address these issues, but how well do they work? Mercy Corps studied the question in a program in the Democratic Republic of Congo.
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- Education, Impact Assessment
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- digital payments, research
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Four Barriers – and Four Solutions – to Financial Inclusion Through Payment Innovations
Enabled by the exponential expansion of mobile phones, social media, “big data” and internet access, financial players throughout the world are inventing new ways to transact. These innovations are especially pronounced in emerging markets, where many new entrants have chosen to dive directly into digital financial services. But in spite of this momentum, some challenges remain.
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- Uncategorized
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