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Uganda: Why Do Customers Fear Banks?
In Uganda, many point to the success of mobile money in improving financial inclusion by promoting peer-to-peer money transfer.
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- Sub-Saharan Africa
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Kenyan mobile money agents apprehensive of new Equity Bank service
Mobile money agents in Kenya fear loss of business once a banking institution rolls out a cheaper cash transfer service.
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- Sub-Saharan Africa
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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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Tanzania: Mobile Technology to Benefit Local Farmers
CONNECTED Farmer Alliance (CFA), a public-private partnership between Vodafone Group, the US Agency for International Development (USAID) and TechnoServe, has announced an agreement to use mobile technology to increase productivity of thousands of smallholder farmers.
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- Sub-Saharan Africa
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Equity set to offer free money transfer services
Equity Bank will not charge for mobile money transfer services on mobile virtual network, it said yesterday, but subscribers also have to hold accounts with the lender.
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- Sub-Saharan Africa
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India’s Financial Inclusion Scheme Can Bring Unorganized Remittances Under Banking Channels
"With the help of the Jan Dhan Yojana, the reach of banking can definitely be expanded, making migrant workers aware of different services," says a senior executive from Bank of India.
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- Region
- South Asia
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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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