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OPINION: Mobile Money Services – Not Mobile Wallets – Will Lead To Financial Inclusion in India
Mobile wallet services have been around for quite some time now and have gained considerable traction. However, the broader genre of mobile money services are yet to etch a mark.
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The Impact of Inclusion: CGAP report looks at recent evidence of how financial inclusion can help the poor
There’s a strong consensus that access to suitable financial services can help poor households improve their lives, while spurring economic activity. But what is the evidence for these positive impacts? CGAP tackled that topic in a recent Focus Note, and we spoke with Nina Holle, an associate microfinance analyst at CGAP, and a co-author of the report.
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- Education, Impact Assessment
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Over 70% of micro enterprises in Nigeria lack insurance protection, group raises alarm
A civil society organisation, Transparent Protection Limited (TPL), on Monday, in Abuja, raised the alarm that over 70 percent of micro enterprises in the country did not have any form of insurance.
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Grameen America Scales Microlending Model Across the U.S. with Launch of Microfinance Training Institute in Queens
Grameen America, a nonprofit microfinance organization offering microloans, training and support to help women in poverty build small businesses, today announced the launch of the first U.S. Training Institute for microfinance with the support of longstanding partner Capital One.
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M-SHWARI LAUNCHES A FIXED DEPOSIT ACCOUNT DUBBED LOCK
Commercial Bank of Africa (CBA) and Safaricom’s paperless banking service M-shwari has today launched a fixed deposit savings account dubbed “Lock Savings Account”, the first of its kind in the mobile money space aimed at helping Kenyans an opportunity to save for a specific purpose.
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NexThought Monday – Financial Innovation Moves Away from the Dark Side
After innovations like subprime securities helped crash the global economy in 2008, former U.S. Federal Reserve Chairman Paul Volcker famously asserted that the only financial innovation that has improved society is the ATM machine. It’s an opinion that many still share - but the recent EMERGE conference showed otherwise. We explore six ways the U.S. financial industry is innovating to actually help low-income consumers.
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Unbanked and cashless: why mobile wallets like M-Pesa are focusing on eastern Europe
Banks in Europe are rolling out mobile wallets and peer-to-peer payment apps originally developed for Africa in a bid to offer banking services to millions of eastern Europeans who are "unbanked."
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Mobile Payment Transactions Hit N271 Billion in Nigeria
In spite of the initial apathy to the mobile payment initiative of the Central Bank of Nigeria (CBN), there are indications that the policy is gaining traction as the total value of mobile payments in the country amounted to N271 billion for 25 million transactions as at end of May.
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