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Mobile money use on the rise in West Africa
Various strategies are being used to encourage use of mobile money services
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- Uncategorized
- Region
- Sub-Saharan Africa
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Vodacom Tanzania, CBA launch mobile money banking product
Vodacom Tanzania and Commercial Bank of Africa (CBA) have launched a banking service named M-Pawa allowing Tanzanians to save and borrow money on their mobile phones.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Why Government Should Help Poor People Get Bank Accounts
The former head of consumer affairs in New York City explains why helping the poor manage money more wisely would also help government manage their money more wisely.
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- Uncategorized
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PRESS RELEASE: MIX Introduces Groundbreaking System For Analyzing Data On Financially Underserved Communities
First Platform for Coordinated Delivery of Responsible Financial Services to the Unbanked
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From Financial Education to Capability – A Paradigm Shift: Financial education on its own is not enough to improve consumers’ financial health
Classroom-based educational programs for improving financial health have mixed results. Improved methods that support behavior change as well as knowledge gains are needed. Sarah Gordon, Vice President, Innovation Labs at CFSI spoke with the Citi Foundation’s COO, Brandee McHale, about the importance of these new approaches, and the organizations that are pioneering them.
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- Education, Impact Assessment
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Citi starts Latin American mobile startup challenge
Citi is hosting a major new mobile innovation competition in Latin America. Called the Mobile Challenge LatAm 2014, the competition aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.
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Promoting Access to Finance in Nigeria
The introduction of the tiered Know-Your-Customer regime for potential bank customers will drive the country’s quest for improved access to finance, writes Obinna ChimaIn most developing countries, large population of low income earners has little access to financial services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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6 Reasons Online Remittances Are Primed to Explode: International money transfers are moving online – and that’s good news for the BoP
Global remittances to developing countries are estimated to exceed $436 billion in 2014, and research suggests that they help lower poverty significantly. Unfortunately, high fees have claimed a substantial part of this money. But multiple factors are driving the industry online, says Logan Lemberger - and that could be a boon for the global poor.
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