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Why Ethiopian Financial Services Industry Is Slow on Mobile Banking
Ethiopia’s heavily regulated financial service sector is one of the least developed on sub-Saharan Africa with over 80 million people from a population of 94 million still unbanked, despite the rapid economic growth the horn of Africa nation has experienced over the last decade.
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- Uncategorized
- Region
- Sub-Saharan Africa
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100 Million+ People Use Mobile Money Each Month: From P2P transfers to bill payments, here’s how they’re using it
Around 103 million people globally are making transactions using mobile money each month. Alix Murphy, Senior Mobile Analyst for WorldRemit, takes a close look at the types of transactions people are making, and how they are actually using mobile money in their daily lives.
- Categories
- Education
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The Avoidance Factor: Research in Indonesia reveals unique behavioral obstacles to microinsurance take-up
The nature of insurance is that it protects against unexpected, unpleasant events that people prefer not to think about. But human nature leads people to prioritize their expenses based on the needs that are top of mind. A recent survey in Indonesia revealed that this dynamic can be a factor in the low take-up of insurance. Nick Thornton discusses the research, and offers some solutions.
- Categories
- Education
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Islamic Financial Services Board Adds Financial Inclusion to Islamic Banking’s To-Do List
The Islamic Financial Services Board (IFSB) is adding financial inclusion to the industry's to-do list, launching initiatives aimed at widening the reach of sharia-compliant banking to include poorer people.
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- Uncategorized
- Region
- North Africa & Near East
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National Commission to Issue Electronic Identity Cards to Six Million Nigerian MFI Members to Boost Financial Inclusion
The National Identity Management Commission (NIMC) is collaborating with the Association of Non-bank Micro Finance Institutions of Nigeria (ANMFIN) to register its six million members into the national identity management system and issue them electronic identity card for effective financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Twitter Top 10: 4-12-15
New resources. New partnerships. Even a cool new toilet. This week’s Twitter Top 10 is full of fascinating ideas and useful info, and you can help us get a head start on next week’s list. If you see anything interesting in the Twitterverse, you’re welcome to tweet it to our editors.
- Categories
- Agriculture, Education, Energy, Health Care
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Eight Months on, Two Charts Raise Questions About India’s Financial Inclusion Scheme
Two of every three bank accounts opened under Jan Dhan Yojana have zero balance. Not a single insurance claim was settled during the last year.
- Categories
- Uncategorized
- Region
- South Asia
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Study: Only 2.8 Percent of Nigerian Adults Have Microfinance Accounts
Despite the huge numbers of Microfinance Banks, MFBs, operating in the country and regulatory authorities’ efforts to use them as channels for financial inclusion, investigations have confirmed that only 2.6 million of the adult population had MFB accounts.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa