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More Than Just Good Advertising: Challenges and best practices in driving digital financial services adoption
Despite the large sums of money being poured into digital financial services around the world, enrollment and usage remain low. Few services reach those who need them most. Grameen Foundation researchers Emilia Klimiuk and Joel Muhumuza have studied why, and they share several tactics to drive adoption.
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- Uncategorized
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100 Million+ People Use Mobile Money Each Month: From P2P transfers to bill payments, here’s how they’re using it
Around 103 million people globally are making transactions using mobile money each month. Alix Murphy, Senior Mobile Analyst for WorldRemit, takes a close look at the types of transactions people are making, and how they are actually using mobile money in their daily lives.
- Categories
- Education
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Weekly Roundup: Sympathy for the Super-Rich: They don’t care much about socially responsible investing – but are the rest of us any better?
Only 20 percent of investors with a net worth of $5 - $25 million factor social responsibility into their investing decisions, according to a recent survey.
You may be rolling your eyes at the obliviousness of these multi-millionaires to the potential impact of their wealth. That was my initial reaction – until I remembered the email I received last January.- Categories
- Investing, Telecommunications
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Making it Easier to Go Digital: Lowering barriers to entry for pro-poor financial institutions in Uganda
In December 2014 Airtel Uganda launched a mobile banking service to allow bank customers to access their accounts through mobile money agents. These services allow pro-poor financial institutions to reach rural Ugandans, but forging these digital connections is complex. In the third post in their series on what it takes for microfinance institutions to go digital, Grameen Foundation explores ways to overcome this complexity.
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- Uncategorized
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Health workers as mobile money agents?: Digital Campus working on a business model that explores the synergies
A major barrier to mobile money uptake is the lack of a well-trained agent network to serve and address the financial needs of the community, with the greatest effects felt in remote areas. One way to address this challenge is to explore synergies between community health workers and mobile money agents.
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- Education, Health Care
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3 Key Risks in Going Digital – and How Microfinance Institutions Can Address Them: Grameen Foundation provides risk management tips for MFIs adopting mobile solutions
The speed and convenience that make digital services attractive to clients can bring a host of new risks for financial institutions that serve the poor. In the second post in their series on what it takes for microfinance institutions to go digital, Grameen Foundation explores some of these risks, and what MFIs can do to address them.
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- Uncategorized
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Twitter Top Ten – 3/29/15
New partnerships. New data. New funding opportunities - even a (discouraging) new Twitter hashtag. This week in global development and social enterprise featured plenty of interesting stories, which generated no shortage of online chatter. We’ve sampled a bit of it, as always, in this top ten list.
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- Health Care
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It’s Hard Out Here for a Personal Finance App: CFSI offers tips on creating a successful app for the underserved in a tough competitive landscape
As mobile access has exploded worldwide, smartphone ownership has skyrocketed among low-income Americans, spawning countless personal finance apps for the underserved. These apps can provide services, offer timely guidance, and help users achieve financial goals. CFSI discusses how developers can create apps that improve financial health, while surviving in a cutthroat market.
- Categories
- Technology
- Tags
- mobile finance
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