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3 Reasons India May Be The Next Digital Finance Hotspot: Mondato explores the potential of a rapidly shifting market
Finding the right incentives for merchants to accept digital and mobile payments is a task that many have attempted and few have achieved. But according to Mondato, after flying under the mobile finance radar for a long time, India could be the country that does it. Chris Connolly highlights three ingredients that could make India the next digital finance hotspot.
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- Technology
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Chinese Phone Giant Xiaomi Tests Mobile Wallet That Pays Interest
Chinese phone giant Xiaomi has introduced a new wrinkle on the mobile wallet: A portable account that bears interest.
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- Asia Pacific
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- mobile finance
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Asia Steps Up Efforts to Reach the ‘Unbanked’
Across Asia, governments are experimenting with novel ways to widen access to financial services, from using mobile technology for transfers to allowing retail stores to take deposits in remote areas.
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- Uncategorized
- Region
- Asia Pacific
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Microfinance Goes Digital: Opportunities and challenges in enabling pro-poor financial institutions to connect to the digital ecosystem
Mobile financial services are finally moving beyond payments, with 26 mobile savings and 37 mobile credit services now live. But in spite of this progress, smaller microfinance institutions and other pro-poor organizations have been forced to watch from the sidelines for lack of resources. Grameen Foundation addresses this and other challenges in the first post in a series on what it takes for an MFI to go digital.
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‘Financial inclusion is not going to be realized without smartly leveraging technology’: An interview with Carol Caruso, Senior Vice President, Channels and Technology at Accion
With cellphones booming in developing countries, achieving universal financial inclusion by 2020 is no longer unrealistic. Accion has been at the forefront of digital finance as an anti-poverty tool. We recently spoke with Carol Caruso, who leads Accion’s Channels & Technology unit, about what the future holds.
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Indonesia, The Calm Before the Storm: Helix Institute discusses the implications of new regulations on the country’s mobile money agent networks
In Indonesia, regulatory uncertainly has kept big digital financial services players from investing to scale aggressively. But with new regulations, that may soon change. The Helix Institute examines the implications for Indonesian mobile money agent networks in the latest report from its Agent Network Accelerator Survey.
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For the ‘unbanked’, mobile money still has some way to go
While many people have mobile money accounts – usually with the phone companies - few are actively used.
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- Uncategorized