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Wireless Currency, Endless Possibility: Seven promising mobile money projects to emerge from BRAC’s challenge
BRAC’s Social Innovation Lab launched the Innovation fund for mobile money in March to explore new possibilities and create the necessary space for innovations using mobile money within BRAC in Bangladesh. The challenge drew an enthusiastic response from people, receiving 100 wide-ranging ideas in just five weeks. Following a rigorous selection process, seven ideas that showed the most potential were chosen for implementation.
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- Technology
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Ten Days in Kenya With No Cash, Only a Phone
Even farther into the country, a few miles from the Ugandan border in a town called Bungoma, I find Gertrude Wamalwa working her farm plot, a rust-colored scarf tied across her forehead and a machete in her leathered hands. Wamalwa and her Bungoma neighbors don’t appear to have any connection to mobile money.
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Impact Investing: Not Just For Billionaires
Foundations just make grants, correct? Not necessarily. Grants are becoming one option in a more complex menu of financial tools for the social sector.
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Tigo, Airtel, Zantel announce Africa’s first interoperable mobile money agreement
Three major telecoms companies operating in Tanzania – Tigo, Airtel and Zantel – are to adopt interoperable mobile money services by the end of the month, the first agreement of its kind of Africa.
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How Mobile Phone Carriers Are Helping Insure The 4 Billion People Who Live Without A Safety Net
With this system, every time a customer tops up his SIM card, he gets free insurance coverage. The model helps carriers increase brand loyalty and gets people in poverty comfortable with the emerging concept of micro-insurance.
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Is Brazil the Country of the Future for Mobile Money?
Just three years ago, Latin America had the fewest number of mobile money deployments of any region in the world. Some believe that Brazil, with its extensive branchless banking infrastructure and supportive regulations, could become the first Latin American country to take a full mobile money deployment to scale. But according to Mondato, there are reasons to be skeptical.
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MobiKash launches mobile merchant payment service in Kenya
MobiKash Afrika has unveiled a merchant payment service to deliver mobile money transactions in real time, making cashless transactions at the grassroots level a reality for thousands of Kenyans.
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In India, Telcos Ride Piggy Back on Migrant Workers, Bet Big on Mobile Money
KOCHI: If the initial responses are any indication, the ubiquitous mobile phone is set to become a tool for financial inclusion in Ernakulam district.
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