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Five Digital Payment Innovations with the Potential to Transform Development: Visa and NetHope grant recipients illustrate the power of digital payments
Development organizations have begun to embrace digital payments in areas that range from health and education, to food security and poverty alleviation. Visa is working with NetHope to help expand the impact of organizations working in these areas, by supporting programs that utilize electronic transfers and/or payments. These five grant recipients show how digital payments can enhance development and relief efforts.
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- Agriculture, Health Care
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It’s About Launching Ecosystems, Not Just Products: Insights on the next generation of mobile financial services from the Mondato Summit Asia
As the explosive growth of mobile financial services (MFS) reshapes economies around the world, the Mondato Summit Asia brought an impressive line-up of speakers and panelists from all parts of the ecosystem to explore the next generation of MFS in Southeast Asia. Chris Connolly delivers some highlights - and tweets - from the recent conference.
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- Uncategorized
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Cashless payment hopes pinned on developing nations
Business and civil interests representing the mobile payments markets are developing global principles, standards and codes of conduct for digital finance, as cashless payments move to the fore in the developing world.
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- Uncategorized
- Tags
- digital payments
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South African Bitcoin exchange debuts mobile wallet
South Africa’s largest Bitcoin exchange, BitX, has launched a Bitcoin mobile wallet that makes storing and using the cryptocurrency easier and safer for consumers in emerging markets.
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- Uncategorized
- Region
- Sub-Saharan Africa
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NexThought Monday – Mobile Money Interoperability is Not a Silver Bullet for Financial Inclusion
Interoperability between mobile money operators is a hot topic right now. Various stakeholders have placed it at the top of their agenda, hoping it will prove to be a key to increasing mobile money adoption and advancing financial inclusion. But though interoperability can undoubtedly help extend the reach of mobile money, Selma Ribica of Vodafone Group argues that it can also pose significant risks.
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- Uncategorized
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Take that, Telecoms: Helix’s Bangladesh study shows that banks and other players can also scale mobile money agent networks
Bangladesh has a burgeoning competitive landscape in mobile money, and due to regulations, none of the major players are telecoms. In other markets, telecoms have used their marketing budgets, national retailer networks and other advantages to scale digital financial services. But Bangladesh has shown that banks and third party providers can also succeed in the space. The Helix Institute discusses this and other findings from their recent study.
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- Education
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Equity says 200,000 have signed up for its mobile money platform in Kenya
EQUITY Bank yesterday said it has “quietly” registered over 200,000 customers on its mobile money transfer platform, Equitel, in the ongoing rollout.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Weekly Roundup – 11/1/14: Apple Pay is here – should low-income consumers care?
As you may have heard, Apple recently launched a mobile payment app in the U.S. Within three days, it had become the top mobile wallet in the country - and sparked some surprising resistance. We discuss the implications for low-income consumers in the U.S. and emerging markets, along with some good news in global development, in this Roundup.
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- Impact Assessment, Technology
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