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Mobile Devices Alone Won’t Solve American Financial Inclusion Problem
Mobile services would alleviate friction and save time for underserved, low-income consumers. But convenience won't necessarily transform the financially excluded into the financially included.
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Cash Cows: Why making bank accounts function like livestock will help the poor
In an age of mobile banking and digital transactions, many poor people still shun basic banking services and put their extra money in livestock. Why? Cows make sense as a savings tool in ways that bank accounts don’t, says Ignacio Mas. He suggests several ways banks could create products with similar properties to livestock, helping the poor use their accounts more intuitively.
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- Agriculture
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Mobile Money Comes To Ethiopia
Ethiopia lags far behind its East African neighbours in the development of its telecommunications sector and the services that the system now routinely provides elsewhere. This is about to change with the rollout of the country’s first mobile money transfer system this January
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- Sub-Saharan Africa
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Indian company to install 15,000 ATMs in the next 3 years
India is an under-penetrated ATM market with only 98 ATMs for every one million people.
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- South Asia
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Look beyond the obvious for mobile payments’ value proposition
Analysys Mason senior adviser Tim Harrabin predicts that the end of the physical wallet is near.
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Happy World Savings Day: Here are 10 microsavings lessons to help you celebrate today’s other holiday
As you probably know, October 31st is Halloween. But you might not know that it’s also World Savings Day - and this year, the event coincides with the end of a 4-year microsavings project at Grameen Foundation. The project has helped create 850,000 new active savings accounts throughout India, the Philippines and Ethiopia. Grameen Foundation’s Kimberly Davies shares the biggest learnings to come out of the project.
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The Digital Payments Future: Transforming the way the world addresses poverty
The expansion of digital payments could be poised to increase financial inclusion and change the way the world addresses poverty, says Ruth Goodwin-Groen, managing director of the Better Than Cash Alliance. In this post, she discusses the multiple benefits that can be gained as cash is replaced with digital payments.
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What Exactly Does ‘Better Banked’ Mean?: PopTech event explores fundamental questions around financial inclusion
What would happen if behavioral economists, implementing partners and policymakers got together to think about financial security - along with ethnographers, product designers and entrepreneurs? A recent PopTech salon offered the opportunity, raising fundamental questions of consumer behavior and what financial security means in today’s world.
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