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Mobile Money: The Battle for Africa
As enthusiasm for mobile-phone-based payments grows in Africa, operators are rushing to get a piece of potentially lucrative and ever-expanding markets and to challenge more popular and established mobile-payment services, such as Kenya’s M-Pesa.
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- Technology
- Region
- Sub-Saharan Africa
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Has microfinance lost its moral compass?
The industry that provides financial services for people on low-incomes and without access to traditional banking services is morally reprehensible according to new research from The University of Manchester.
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- Uncategorized
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4 tips to implementing effective and efficient microfinance programs
Despite being in place for more than 20 years, microfinance has yet to achieve its full potential, some experts suggest.
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- Uncategorized
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OPINION: Rwanda: How Energy Can Contribute Towards Poverty Alleviation
WE LIVE in interesting times when so much is happening in terms of development. However, there are curious contradictions that undermine our journey to the Promised Land; development.
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- Energy
- Region
- Sub-Saharan Africa
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India PM Launches Financial Inclusion Plan
Prime Minister Narendra Modi on Thursday launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.
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- Uncategorized
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‘Cash Burns Your Pocket’: New World Bank, Gates report finds mobile payments vital to G20 goals
Just 41 percent of adults in developing economies have a bank account - a problem that G20 nations are increasingly focused on. To that end, this week the Gates Foundation, the Better than Cash Alliance and the World Bank released a report on the potential of digital payments to advance financial inclusion - and the challenges that must be addressed.
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- Uncategorized
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The Financial Inclusion Game Changer
Today, MasterCard is launching a ground-breaking program in Nigeria with the cooperation of the Nigerian government. This program uniquely combines a national ID card with electronic payments. Daniel Monehin, MasterCard’s Division President for Sub-Saharan Africa, sat down with MPD CEO Karen Webster to discuss why today is a such significant day in payments for Nigeria and why this program has the potential to be the financial inclusion game changer everywhere in the world.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Rwanda: Microfinance Sector Soldiers On Despite Burden of Bad Loans
Sector experts say there is an urgent need to address challenges facing MFIs, especially by empowering the sector to enhance its capacity and performance.
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- Uncategorized
- Region
- Sub-Saharan Africa
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