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NexThought Monday – The Cash Paradox: Is cash the poor’s best friend – or secret enemy?
Advocates for the poor often argue that cash is the most trustworthy payment instrument - especially for the unbanked. And a cash economy would appear to offer them advantages in inclusiveness and convenience. But as Bhaskar Chakravorti describes it, the poor also pay a heavy price for the usage of cash, both in the U.S. and in emerging economies.
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Impact investing on the cusp of mainstream wealth management
The news releases arrived in noteworthy succession throughout 2013. Morgan Stanley,UBS AG, The Goldman Sachs Group Inc., and JPMorgan Chase & Co. — some of the biggest names in the financial services industry — announced plans to establish or augment their activities around impact investing.
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The apparent M-Pesa monopoly may be set to crumble
Competition to the M-Pesa is heating up in Kenya, the world’s most advanced mobile payments market.
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- Impact Assessment
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- Sub-Saharan Africa
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Nigeria’s Microfinance Banks Ready To Go Cashless
Abuja - The National Association of Micro Finance Banks (NAMFB), has expressed readiness of its members to key into Federal Government’s cashless policy.
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- Sub-Saharan Africa
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Int’l Telecoms, Gates Foundation To Connect 2.5bn Adults To Mobile Money
The International Telecommunications Union (ITU) has joined hands with the Bill & Melinda Gates Foundation to connect over 2.5 billion adults who do not have access to a formal bank account, most of them in developing economies, by delivering digital financial services capable of improving the delivery of basic financial services.
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Two Financial Titans Open Their Vaults to Impact Investing
Started a few years ago by a small band of pioneers, impact investing has gained traction and is now drawing the attention of large international banks. Large financial institutions such as BNP Paribas and Citigroup, based in Europe and the United States, respectively, are developing various projects in the field of social and sustainable finance.
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Dispatches from the Mobile Money Revolution: Mondato Summit Africa highlights the dynamism (and tensions) behind the continent’s embrace of mobile finance
Africa is widely seen as ground zero in the mobile money revolution that’s sweeping the developing world. The Mondato Summit Africa brought some of the continent’s key mobile financial services players together for a lively, at times controversial discussion of the challenges and opportunities they face.
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International Telecommunication Union sets up mobile money focus group
The International Telecommunication Union (ITU) has established a focus group on mobile money, setting its sights on global financial inclusion.
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