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RuPay cards to replace Aadhaar in welfare scheme authentication in India
The finance ministry has decided to limit Aadhaar's role in its welfare scheme payments and, instead, use ATM-enables RuPay cards for last-mile authentication to withdraw money.
- Categories
- Uncategorized
- Region
- South Asia
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Rocket Internet raises $445 million to invest in mobile payments in emerging markets
Philippine Long Distance Telephone Company is purchasing a 10% stake in Rocket, a German e-commerce investment firm. The deal will combine the Philippines telecom operator’s mobile expertise with Rocket's global e-commerce and web services footprint.
- Categories
- Technology
- Region
- South Asia
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Micro-insurance products in India may see sea-change
Better remuneration to distributors and policies with bigger ticket size may boost sale
- Categories
- Uncategorized
- Region
- South Asia
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Nigeria: Airtel unveils Airtel Insurance
Airtel Nigeria has collaborated with MicroEnsure and Cornerstone Insurance in order to launch its latest, free insurance product.
- Categories
- Health Care
- Region
- Sub-Saharan Africa
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Zimbabwe: Telecoms Firms Embrace Innovation to Survive
AS technological convergence redefines business models across nearly every industry, mobile telecommunications companies have shown a growing appetite for innovation in order to survive and thrive in a fast-paced and unpredictable environment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Indian Banks to ensure minimum remuneration to business correspondents
Over 220,000 BCs had been appointed by banks after the RBI pushed this as a cost-effective way of extending banking services to the unbanked villages
- Categories
- Impact Assessment
- Region
- South Asia
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World Bank Group Commits US$ 5 Billion to Boost Electricity Generation in Six African Countries
The World Bank Group today committed $5 billion in new technical and financial support for energy projects in six African countries-- Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania—which have partnered with President Obama’s Power Africa initiative.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Three Steps to Jumpstart Mobile Finance: Step 1 – Researching smallholders’ financial behavior to help them transition to mobile payments
It’s becoming increasingly clear that cash payment schemes are obsolete in the 21st century, says Lee Babcock. And in agriculture, there’s a growing recognition that enabling digital payments to smallholders is a huge opportunity, both for farmers and the mobile finance sector. In this three-part series, Babcock lays out three steps for embedding mobile money into agriculture development at the BoP.
- Categories
- Agriculture
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