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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
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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
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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.
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- Uncategorized
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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
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Report: Tanzania, other developing countries fail to gain from digital wealth
A new World Bank report says while developed economies have immensely benefited from digital technologies, Tanzania and many other developing countries have not.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- employment, mobile finance
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The Female Factor: Why enrolling more women as mobile money agents can benefit service providers, customers – and the agents themselves
Research has shown that enrolling more female mobile money agents can improve customer service and increase public trust in bank products and brands. It also provides these women with a valuable source of income. That’s why the Cherie Blair Foundation for Women has partnered with FirstBank of Nigeria and the Youth for Technology Foundation to train 2,500 Nigerian women entrepreneurs as Firstmonie agents.
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- Uncategorized
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Mobile Money Without Borders: How a new model is transforming the remittance landscape in West Africa
International remittances are a major source of income for people in many developing markets, and Africa is no exception. But Africans pay the highest remittance transaction fees in the world. The industry has been experimenting with a new model that uses mobile money to address this issue. The GSMA shares insights into this model, highlighting results from their recent case study.
- Categories
- Education
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10 Takeaways from the World Bank Forum on Microcredit’s (lack of) Social Impact
"For a researcher working on microcredit, this is kind of a defining moment." That’s how Abhijit Banerjee described the six recent studies on microcredit’s social impact (or lack thereof). NextBillion has compiled 10 takeaways (and 11 tweets) from the research and the sector’s reaction to it, based on the World Bank event.
- Categories
- Education, Impact Assessment
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