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Underserved Markets Ripe for Insurance Innovation, Swiss Re Americas CEO Says
Underserved populations and market niches are ripe with potential for insurance innovators who are willing to take on the challenge of creating opportunities in areas that may seem unprofitable at first glance, says the chief executive of the Americas unit for one of the world’s largest reinsurance companies. And the ability to reach those markets digitally is key.
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NexThought Monday – 12/15/14 – The Over-The-Counter Paradox: Dependence on agent transactions is holding digital finance back – but could agents also move the sector forward?
Over-the-counter (OTC) transactions are mobile money transactions facilitated by a provider’s agent network - and they’re an integral part of most successful services. But while MicroSave founder Graham Wright argues that dependence on OTC transactions is hobbling the development of the digital finance ecosystem, he says these agents could also present a solution.
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MasterCard Sees Opportunity with Nigerian E-ID Cards
There’s a lot of untapped potential in the Nigerian commerce market — which is growing — and MasterCard has discovered a marketing niche with the country’s national high-tech e-ID card pilot project.
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- Sub-Saharan Africa
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American Express Serve Announces Research Pilot to Encourage Consumer Saving
American Express AXP, -0.91% today announced that it is kicking off a research pilot to study consumer savings behaviors using the Serve software platform. This research pilot can help identify new ways to promote saving and explore whether certain behavioral interventions are effective in increasing consumer savings. This program will also help inform research at the Consumer Financial Protection Bureau (CFPB), the U.S. government agency charged with making financial markets work for American consumers, to better understand how to promote saving among consumers.
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Twitter Top Ten – 12/14/14: Our favorite tweets of the week
As we move one step closer to the end of the year, we’ve got a full slate of interesting tweets from the past week. They include some encouraging investments and new partnerships, important new research, and an intriguing reply from Safaricom to a recent NextBillion post. As always, if you see anything you like, be sure to retweet it.
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- Health Care, Social Enterprise
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An Atomic Physicist’s Plan to Bring Adjustable Eyeglasses to Developing World Classrooms
Think about what life would be like if you needed glasses and you didn't have them. You would struggle to study in school, you would be hampered in your work, and much else besides.
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- Health Care
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E-Kwanza Mobile Payment Service Launched in Angola
Angolan Investment Bank (BAI) has launched e-Kwanza a mobile money service that allows users to make transfers and payments for goods and services across the country.
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- Region
- Sub-Saharan Africa
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Building Quality Products to Improve Low-Income Americans’ Financial Health: CFSI, Visa discussion conveys key challenges and opportunities for U.S. financial services providers
What is needed to improve the financial lives of low-income people in the U.S.? CFSI and Visa recently hosted a discussion on this question with notable financial services executives. They challenged the group to identify solutions for the 68 million financially underserved Americans. Kimberly Gartner, CFSI’s Senior Vice President, Strategic Partnerships, describes the conversation that ensued.
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