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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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- Uncategorized
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Five Sources of Untapped Innovation in Digital Finance: How a new generation of financial products is taking the sector far beyond payments
The GSMA estimates there are more than 60 million active mobile money accounts in over 84 countries, and these figures continue to grow. But though this growth has been driven primarily by payments, financial service providers are beginning to deliver other services through these “digital rails.” CGAP discusses five attributes upon which these second generation products build their value propositions.
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- Uncategorized
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Africa: 10 Reasons Why Mobile Rocks in Africa
Mobile use in Africa is expected to increase 20-fold in the next five years.
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- Technology
- Region
- Sub-Saharan Africa
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Nigerian Government Aims to Use Post Office to Reduce Unbanked Population to 10 Percent
The Federal Government has said it would leverage the expansive network of the Nigerian Postal Services (NIPOST) to reduce the unbanked adult population in the country to 10 per cent by 2016.
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- Uncategorized
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Coins.ph launches Bitcoin wallet tailored for emerging markets
Yesterday, Coins.ph, the Philippines largest Bitcoin exchange, launched what it says is the first mobile Bitcoin wallet designed specifically for emerging markets.
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- Uncategorized
- Region
- South Asia
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Weekly Roundup – 10/11/14: The Battle of Kenya
Has the battle for Kenya’s mobile money market officially begun? For months we’ve been following the growing tension between Equity Bank and Safaricom, as everyone from regulators to politicians took sides. But this week the war may have begun in earnest - though both parties continue to downplay the rivalry. We discuss the implications in this Roundup.
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- Technology
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‘Positive, though not transformative’: Recent research clarifies the impact of microcredit, and points to ways it can improve
Recent research suggests that microcredit may not be targeting the world’s poorest as effectively as was once thought, says IPA. But these studies also tell a story of positive, though not transformative, results. They point to the importance of diversification of the traditional microcredit model, providing additional services in finance and beyond.
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- Impact Assessment
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Direct-to-Farmer Finance: Business models for serving the hardest-to-reach smallholders
An estimated 90 percent of smallholder farmers lack strong relationships with buyers, limiting their access to finance, inputs, training and other support. And it’s difficult for financial providers to reach them. That’s why direct-to-farmer finance is so important, says Dalberg’s Laura Goldman. She discusses a new briefing on the approach from the Initiative for Smallholder Finance.
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- Agriculture, Education
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