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eRezeki project to connect Malaysians at bottom 40% of income pyramid with digital income
Prime Minister Datuk Seri Najib Razak today announced the eRezeki project to connect Malaysians at the bottom 40% of the income pyramid (B40) with domestic and global digital income.
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- South Asia
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The Other Digital Currency: Cryptocurrencies like Bitcoin get all the attention, but using airtime as currency could play a vital role in developing the digital finance ecosystem
Mobile money’s origins lie in the practice of sending airtime instead of money. And today, the use of airtime as currency endures in markets where mobile money has failed to flourish - or when it is simply more convenient than mobile money services. Mondato’s Chris Connolly explores the benefits and risks of the practice.
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Blockchain Ideas Get Play at IMF Panel
Financial inclusion has become a long overdue buzzword among aid agencies and international economic policymakers of late – and it’s opening the door for bitcoin and blockchain technology to become a part of the discussion among international policymakers.
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What Jamaica’s Mobile Wallet Will Mean for the Unbanked: Financial inclusion community takes note of new national mobile finance product
This summer, the Bank of Jamaica approved the Jamaican Co-operative Credit Union League to extend the use of its mobile wallet to all citizens of the country. This was an incredibly significant development that could have a major impact in Jamaica and beyond, says Mozido founder Michael Liberty.
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Five Sources of Untapped Innovation in Digital Finance: How a new generation of financial products is taking the sector far beyond payments
The GSMA estimates there are more than 60 million active mobile money accounts in over 84 countries, and these figures continue to grow. But though this growth has been driven primarily by payments, financial service providers are beginning to deliver other services through these “digital rails.” CGAP discusses five attributes upon which these second generation products build their value propositions.
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OPINION: Here Comes the Internet of Money
A new wave of financial innovation is forming, that could sweep over traditional banking, traditional payments systems, even the traditional idea of money.
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Around the World with Bitcoin: How the cryptocurrency is being put to use in five hotbeds of early Bitcoin activity
Bitcoin startups are using the innovative cryptocurrency/payment system to expand financial services in areas with high mobile coverage and low participation in traditional banks. Sarah Martin runs down early Bitcoin momentum in five countries with active digital currency marketplaces: the Philippines, India, Kenya, South Africa and Argentina.
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Weekly Roundup – 9/20/14: An awkward moment, new momentum and a brewing battle highlight recent developments in finance
Muhammad Yunus has issued some pointed criticisms of microfinance’s turn toward profit. But is the sector he pioneered listening to him - and are his ideals even realistic in the first place? We discuss these questions - along with signs of momentum in impact investing and new developments in a Kenyan mobile money battle - in this Roundup.
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