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Vodafone to roll out M-Pesa services in Andhra Pradesh, Kerala
Vodafone India and ICICI Bank are planning to roll out mobile money transfer and payment service in Andhra Pradesh and Kerala. With this, Vodafone India will cover almost all states in India, thereby enabling people to send, deposit or receive money through mobile phones.
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Weekly Roundup – 3/29/14: Blurred Lines in Banking – the changing definition of “bank” at the BoP
The Internet has reshaped banking in the U.S., where half of the population hasn’t entered a bank branch in the past month. This evolution has been even more dramatic at the BoP, where mobile and branchless banking services are making brick-and-mortar banks increasingly obsolete. We take a look at these changes in this week’s Roundup.
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Can Digital Currencies Change the World?: Bitcoin is a tech-savvy alternative to traditional payment systems, but could it meet the needs of the financially excluded?
Riding on the Bitcoin hype, a legion of techno-optimists believes that digital crypto-currencies have the potential to transform ineffective global payment systems, and ultimately spur global financial inclusion. But will digital currencies such as Bitcoin truly change the global payment infrastructure and bring financial access to millions?
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- Technology
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Banks Outshine Agriculture, Manufacturing in GDP Input in Rwanda
Prime Minister Pierre-Damien Habumuremyi, yesterday, presented to both chambers of Parliament highlights of the performance of the service industry with focus on financial institutions, noting that the country is on course to achieving its targeted financial inclusion.
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The Right Way to Talk About Money: Ignacio Mas discusses the impact words can have on financial behaviors at the BoP
Words can have a major impact on the way people think and feel about their money, says Ignacio Mas. In this Q&A with Mercy Corps’ Kyla Yeoman, he discusses how financial service providers should take customers’ psychological needs into account when designing products - and how the words used to describe these products can affect the way they’re used.
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Ghana’s Fidelity Bank inaugurates agency banking
Fidelity Bank has inaugurated its new banking model, known as Fidelity Agency banking, which allows the bank to use shops and supermarkets as bank agents, called as Fidelity Smart Agents.
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Ministry’s scepticism, Aadhaar issues hang over Nachiket Mor financial inclusion plan in India
The finance ministry has questioned the practicality of some recommendations made by a panel formed by the Reserve Bank of India (RBI) to promote financial inclusion, including a 1 January 2016 deadline it has set for making an Aadhaar-linked bank account available to every adult Indian.
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Mobile network operators team up in Sri Lanka to provide mobile money to 60% of population
Etisalat joined Dialog’s eZ Cash mobile money platform on Monday, enabling a combined subscriber base of 12.7 million —over 60% of the country’s population— to enjoy ‘seamless and convenient mobile money services’ that lets them deposit, send or receive money and pay utility bills, insurance premia and engage in other transactions.
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