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A Revolution in the Making: CGAP’s Greg Chen discusses how smartphones could transform financial inclusion and microfinance
Smartphone sales are exploding in emerging economies, with Latin America and the Middle East/Africa recording growth rates of 59 percent and 83 percent, respectively, last year. CGAP’s Greg Chen discusses how this new access could transform low-income people’s interactions with their financial services providers in this video Q&A, the latest in our series on the Future of Microfinance.
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- Technology
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The Human Touch Behind Digital Success: Microfinance institutions that go mobile need to support the people behind the technology
Technology is the enabler of digital services, but people are still the backbone. This is important for microfinance institutions to remember, since transitioning to mobile services requires considerable changes from staff. In the latest post in their series on how MFIs can go digital, Grameen Foundation explores best practices for making this transition.
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- Uncategorized
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Funding a Sector in Transition: Recent RCTs could reshape donors’ approach to microcredit
After a group of six studies published in January found that its benefits are modest at best, microcredit is stuck at a crossroads, says Matt Mossman. But as debate continues amongst practitioners about how to react to the new data, the findings could spark changes in the funding landscape for the sector.
- Categories
- Education
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Kenya’s Mobile Finance Revolution Takes the Next Steps: Two new developments go far beyond mobile money
Kenya’s mobile finance market is evolving, and for the country’s leading financial services players, that evolution has been a profitable one. But beyond M-PESA’s remarkable payments revolution and the continued growth of M-Shwari’s mobile banking services, there are two other important developments in the Kenyan market. MicroSave founder Graham Wright discusses their impact.
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- Uncategorized
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Twitter Top 10 – 5/10/15
It’s Mother’s Day in the U.S., and we’ve put together a selection of tweets that anyone’s mother would love (assuming she’s involved in social enterprise or global development). This week’s tweets include case studies for impact investors, disturbing development’s on India’s financial inclusion front, and our usual array of resources and insights (along with some interesting gift ideas for mom.)
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- Agriculture, Health Care
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MTN Rwanda partners with government to let taxpayers pay their taxes using mobile money
MTN Rwanda has partnered with Rwanda Revenue Authority (RRA) to offer taxpayers an easier way to pay their taxes using the MTN Mobile Money platform.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Alibaba enters into strategic partnership with Indian mobile wallet company Paytm
Through its marketplace AliExpress, Alibaba has entered into a strategic tie-up with Indian mobile wallet company Paytm.
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- Uncategorized
- Region
- South Asia
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10 Key Takeaways from the 2014 Global Findex Survey: Highlights from the World Bank’s treasure trove of financial inclusion data
How many adults in the world have a bank account? How do people save, borrow, and manage financial risk? How is mobile money shaking up the financial inclusion world? The World Bank’s newly released Global Findex attempts to answer those questions, drawing from a database of 800 indicators, based on surveys with almost 150,000 people in 143 economies. CGAP presents 10 takeaways from the report.
- Categories
- Education
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