-
NexThought Monday: Why Digital Wallets Stay Empty – and Six Ways Providers Can Help
In emerging economies throughout the world, people have flocked to mobile payment solutions, whether it’s to send money home, facilitate informal business transactions or pay bills. Yet most digital accounts are empty and serve mainly as a pass-through for such payments, which limits the transformational potential of mobile money. Here are several factors which make digital accounts an illogical store of value for people with low and uncertain incomes, and six ways providers can address this issue.
- Categories
- Uncategorized
-
Five Reasons NGOs and Social Enterprises are Going Cashless
With over 250 services deployed in 89 countries worldwide, mobile money has enjoyed explosive growth among consumers in emerging markets. But digital payments are also transforming the work of development-focused organizations, many of which are shifting their bulk payment systems from cash to digital. This post explores the far-reaching organizational and financial benefits of this approach.
- Categories
- Uncategorized
-
PayPal plans Latin America growth with América Móvil alliance
PayPal is teaming up with Mexican telecommunications giant América Móvil as it looks to expand in Latin America.
- Categories
- Uncategorized
- Region
- Latin America
-
More phones, few banks and years of instability are transforming Somalia to a cashless society
In the streets of Mogadishu, the future has arrived: cash is disappearing, credit cards are unnecessary, and daily shopping is speedy and digital.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
China’s top five banks offer free mobile money transferring service
China's five biggest lenders announced to waive fees for money transfer services through mobile banking system and give a free allowance of 5,000 yuan via online banking transfers starting from today.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- mobile finance
-
NexThought Monday: Remittances Disrupted – Three ways to make the international remittance revolution stick
Every year, workers around the world send nearly half a trillion dollars to their families back home in developing countries. These international remittances are economic lifelines for millions, though the market has long been known primarily for its high fees, and we are still waiting for a true disruption to benefit the lives of the poor. Andria Thomas at Dalberg discusses three notable gaps that are ready for greater investment and action from the private, public and social sectors.
- Categories
- Technology
-
Report: Digital Money Is Now ‘Part Of The Fabric Of The Modern World’
A recent report from Imperial College London with Citi digs deeper into digital money – its benefits, global adoption, tipping point and much more.
- Categories
- Uncategorized
-
The Exciting Promise of Digital Payments in Peru
With almost 80 percent of Peruvians lacking access to a bank account, it’s clear why Peru’s government has committed so many resources to advancing financial inclusion. However, roughly 65 percent have mobile phones. Recognizing this, the National Strategy focuses on connecting those who have phones to financial services through digital payments adapted to the needs of the population.
- Categories
- Technology
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.