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Innovations in Financial Capability: Four Lessons For Providers
Building successful financial capability requires moving beyond traditional modes of product delivery and financial education. Accion identified several best practices from organizations that habitually learn from their clients’ needs and behaviors, and tailor their products to meet those needs and build capability. Here are four lessons from their new report on the topic.
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Vodacom pulls plug on mobile money service M-Pesa in South Africa
May 9 Vodacom will discontinue its mobile money service M-Pesa in South Africa after it failed to attract enough support in its slow-growing home market, the telecommunications firm said on Monday.
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- Technology
- Region
- Sub-Saharan Africa
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India’s MobiKwik Raises $50M for Its Mobile Wallet Service
The increase of smartphone ownership in India is fueling the rise of mobile wallets in the country. One company leading the charge, MobiKwik, has topped up its own funds with a $50 million Series C round announced today.
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- Technology
- Region
- South Asia
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Airtel to Launch Payments Bank in India in Q2 FY17
Bharti Airtel's mobile commerce subsidiary, Airtel M Commerce Services, has been renamed Airtel Payments Bank. The company plans to launch its payments bank operations in the second quarter of the current fiscal year, it said in a statement on Tuesday.
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- Region
- South Asia
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Twenty Crore Bank Accounts Opened: Where Does Jan Dhan Yojana Go From Here? An Explainer
Duplication of accounts, account dormancy and the financial unsustainability of the Bank Mitra model. While the Jan Dhan Yojana may be one of the most exhaustive financial inclusion processes to date, there’s still more to be done.
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- Uncategorized
- Region
- South Asia
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Mexico Prepares Regulations for Debt & Equity Crowdfunding
This past week the Comisión Nacional Bancaria y de Valores (CNBV) published their 7th National Financial Inclusion Report (Reporte Nacional de Inclusión Financiera). The document (embedded below) spent a good amount of time defining and addressing the various forms of investment crowdfunding. The document was published in advance of expectations that Mexico will soon enact an updated securities regulatory regime to embrace internet finance.
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- Investing
- Region
- Latin America
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Airtime to the Rescue: Why India Should Mobilize Telcos for Disaster Relief
Last April, when a 7.8 magnitude earthquake shook Nepal, telcos offered free mobile airtime for 48 hours to their customers based in India, so they could connect with their family members and friends in Nepal. This example illustrates the potential of utilizing the payments infrastructure to respond to natural disasters. I believe this potential could be more fully realized by channeling relief and rehabilitation funds to disaster victims using airtime as currency – and India is the ideal proving ground for the concept.
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MetLife Foundation Makes Significant Progress Towards $200 Million, Five Year Commitment to Financial Inclusion
Today, MetLife Foundation released its 2015 Annual Report, highlighting its activities and showcasing a broad array of partners, grantees and activities.
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- Investing
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