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Pathway to Greater Financial Inclusion in Nigeria
Obinna Chima reckons that the planned registration of Bank Verification Numbers for customers from May will strengthen the country’s drive for financial inclusion.
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- Uncategorized
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9 telecoms announce interoperable mobile money
Mobile money services have gained momentum with 9 telecoms — Airtel, Etisalat, Millicom, MTN, Ooredoo, Orange, STC, Vodafone, Zain – decided to accelerate the implementation of interoperable services across Africa and the Middle East.
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38% of payments made in Swaziland are through mobile money
The Centre for Financial Regulation (CENFRI) states that MM was one of the many market payments available in the country together with eWallet, credit electronic fund transfer (EFT), debit EFT, Point of Sale (POS), paper based to name but a few.
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Lok Capital Sells its Stake and Leaves RuralShores Business Services
mpact investment firm Lok Capital has exited its portfolio company RuralShores Business Services by selling its stake in the rural business process outsourcing (BPO) company to an unnamed strategic investor.
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- Investing
- Region
- South Asia
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SMEs in Developing World Need More Than $2 Trillion, Says International Finance Corporation
The International Finance Corporation (IFC), the private sector arm of the World Bank Group has estimated this financial needs of small and medium scale enterprises in Africa and other developing countries.
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- Uncategorized
- Region
- Sub-Saharan Africa
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The do’s and don’ts of agent banking
Agent banking is now a buzzword in the banking industry. Its importance is immense in paving the way for financial inclusion. But, many of us, including bankers, still do not have a clear perception of agent banking, its services, risks and responsibility and other regulatory issues.
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African Development Bank’s SME Program: Enhancing Inclusive Growth and Job Creation in Africa
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco.
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In Zimbabwe, Econet and Western Union to integrate money transfer systems
ECONET Wireless has entered into a commercial arrangement with global money transfer agency Western Union that will enable people to send money from abroad to account holders of its mobile money transfer platform EcoCash. This means EcoCash account holders will not need to physically visit Western Union branches to receive money sent through the money transfer agency.
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- Uncategorized
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