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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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- Uncategorized
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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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- Uncategorized
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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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- Uncategorized
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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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- Entrepreneurship, NextBillion Originals
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MasterCard and Bansefi to drive financial inclusion in Mexico
MasterCard and BANSEFI, the social bank of Mexico, announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments.
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- Uncategorized
- Region
- Latin America
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Bill Gates focused on digital payment for poor
Though there has been a lot of talk and media coverage about the tremendous potential mobile payments offer to the poor, underbanked and financially disenfranchised around the world–minus a few bright spots (M-Pesa) the progress of mobile in bridging the gap between the banked and unbanked has been slow going.
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- Technology
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Millicom debuts automatic m-wallet interest payments in Tanzania
Millicom claimed a world first after launching a mobile money service in Tanzania which offers users the opportunity to automatically earn a return on their balance direct to their wallet without the need for a separate registration.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Card payment network RuPay sees boost from Indian government’s financial inclusion scheme
The Indian government's financial inclusion drive to expand banking services in the country is giving a boost to home-grown card payment network RuPay.
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- Uncategorized
- Region
- South Asia
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