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Telecel Zimbabwe launches mobile money credit card
Zimbabwe's second largest telco by subscriber numbers, Telecel, on Wednesday launched a credit card for its mobile money system Telecash.
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- Uncategorized
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- Sub-Saharan Africa
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Mobile payments ideal for Africa
In emerging markets, mobile money has the power to transform lives, says Gemalto.
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- Uncategorized
- Region
- Sub-Saharan Africa
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IBM signes deal worth Rs 550 crore with microfinance firm Janalakshmi Financial Services
NEW DELHI: International Business Machines (IBM) has signed a deal worth Rs 550 crore with microfinance firmJanalakshmi Financial Services, according to people familiar with the discussions. IBM's consulting division, along with its Institute of Business Value, is leading the engagement, a person familiar with the transaction said.
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- Uncategorized
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- South Asia
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Kenya mobiles step up rivalry
NAIROBI, Kenya - Kenya’s lucrative mobile money transfer market is set for unprecedented competition following the entry of three additional telecoms operators with intention to have a piece of the sector’s billion shillings pie.
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- Technology
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- Sub-Saharan Africa
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Zimbabwe’s high interest rates, multiple borrowings and growing debts
Zimbabwe's microfinance institutions (MFIs) doled out $170 million worth of loans to clients in the first quarter of the year with the bulk of the funds going towards domestic consumption.
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- Sub-Saharan Africa
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Incentives to lift mobile money uptake
Airtime can be used as an incentive to drive the uptake and usage of mobile money services in countries where its growth has been sluggish.
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- Region
- Sub-Saharan Africa
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From Vision to Reality: RBI ruling brings India one step closer to true financial inclusion
In a recent landmark ruling, the Reserve Bank of India has allowed non-banking financial companies to provide basic services such as bank accounts and transaction services. This paves the way for microfinance institutions to jump into the fray, and could drive true financial inclusion in a country where 720 million people still do not have a bank account.
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Setting a High Bar for Poverty in India
NEW DELHI — It is not uncommon for Indians to stand in a line to receive alms from a politician as he gives away clothes, pots and laptops that would make Apple laugh. This is a custom that has survived from a time when the theater of charity was enough to make the poor feel grateful. But they have since come to regard such alms as political buffoonery and now expect substantial assistance from the government.
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- Impact Assessment
- Region
- South Asia