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Mobile money is transforming financial access in Tanzania
Tanzania had envisioned through the National Financial Inclusion Framework of 2011 to have 50 per cent of the adult population having access to financial services by 2016, but it has so far managed to surpass the target, according to a recently released FinScope Tanzania 2013 report.
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Incofin Investment Management’s Rural Impulse Fund Acquires Equity Stake in FIELCO From Accion Gateway Fund
FIELCO expects to use Incofin IM’s expertise in international microfinance to “strengthen its governance, focus on social performance and overall structure”
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- Latin America
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Mobile Money Security is Kenya’s Next Big Challenge
Attention needs to be paid to the security of mobile money systems in Kenya especially with the licensing of three virtual network operators in the country, say experts.
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- Region
- Sub-Saharan Africa
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MTN, Airtel Announce Cross Border Remittance Deal in West Africa
The partnership will allow MTN customers in Ivory Coast and Airtel customers in Burkina Faso to transfer money between the neighboring countries.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Planting the Seeds of Digital Finance: Part 2 of our Digital Finance Plus series discusses why agriculture is key to building the mobile money ecosystem
Agriculture-focused payment solutions could and should have a unique role in the growth of digital finance, says Lee Babcock. Their ability to facilitate income streams to low-income families provides a powerful incentive for their adoption, and they could help extend the ecosystem to rural customers. So why aren’t more mobile money platforms tapping this potential?
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- Agriculture
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A Platform for the Poor: CGAP’s Digital Finance Plus explores how mobile money links the BoP to essential services
Digital financial services have progressed to the point where their benefits extend far beyond the confines of banks or telcos. In this series, organized in cooperation with CGAP, we’ll explore how innovative companies from many sectors are using mobile platforms to deliver services that can make tangible improvements in the lives of the poor.
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- Agriculture, Energy, Health Care
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Making Mobile Money More Effective in Nigeria
A recent survey that showed that 37 per cent of Nigerians are not aware of mobile money and as such, do not use the payment platform, is worrisome. According to the report by Philip Consulting, out of the remaining 63 per cent respondents that knew about mobile money, 31 per cent were between the ages of 26 and 35 and constituted the majority.
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Commercial banks in India increasingly targeting low-income borrowers
At a time when microfinance institutions (MFIs) are getting into the banking business, commercial banks too have developed a liking for lending directly to the poor -- an area until now dominated by traditional MFIs and informal lenders.
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- Uncategorized
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