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Women in Kenya stay united to reap benefits from micro-loans
Women in Kenya are reaping huge from micro-lending institutions because of their ability to form groups and stay united. The women, majority who are in groups commonly known as chamas, are the biggest beneficiaries of micro-loans in the East African nation.
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Digital financial inclusion is vital to India’s poor citizens, says Gates
India is poised to lead the world in connecting the poor to bank accounts through mobile phones. This is an ambitious goal. According to the World Bank, only 35% of Indians use formal financial services right now. But India can get to 100%, and if it does hundreds of millions of Indians will be able to create better opportunities for themselves and their families.
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Mobile banking flourishing in Pakistan
The recent years have witnessed a revolutionary concept of social and economic services among them financial services landscape that are fast changing with introduction of innovative mobile payments (m-payment) systems.
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Kenya’s Mobile Money Competition to Heat Up
Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field.
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- Sub-Saharan Africa
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Behavioral Change Tops Challenges for Mobile Money Use in West Africa
Cultural factors slow down the embrace of mobile money services.
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- Region
- Sub-Saharan Africa
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OPINION: Mobile and Money Remittance – A Perfect Match
Mobile makes money transfers faster and more convenient and it has the potential to reduce bottlenecks in branches.
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New White Paper: The Case for Using Behavioral Economics in the Financial Inclusion Space
It’s no secret that saving money is a good idea. But time and time again we see people failing to save for the future, despite their best intentions. A new ideas42 white paper shows the important role that behavioral economics can play in increasing savings rates among the poor.
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Blazing a New Mobile Money Trail: Smart regulations could help Peru maximize mobile money’s impact on financial inclusion
Peru has been cited as an example of a country with the right market conditions, population size and regulations to tap the full potential of mobile money. Klaus Prochaska of the Alliance for Financial Inclusion discusses what regulators have done right, and highlights key lessons from Peru’s experience.
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