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The Past and Future of Mobile Finance in Africa: Part two of our Q&A with Henry Maloba at Grameen Foundation’s Mobile Financial Services Accelerator
Henry Maloba leads Grameen Foundation’s Mobile Financial Services Accelerator in Uganda, which aims to bring financial services to rural Ugandans by forging collaboration between telcos and banks. In part two of our Q&A, Maloba discusses the tensions between these sectors and among telcos themselves, and shares his views on the recent past and future of mobile financial services in Africa.
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Strange Bedfellows: A Grameen Foundation initiative aims to bring telcos and banks together to deliver mobile financial services to rural Uganda
In many countries in the developing world, telcos and banks have clashed as they compete for the growing mobile finance market. But in Uganda, Grameen Foundation’s Mobile Financial Services Accelerator is promoting a different approach, facilitating collaboration between the two sectors in an effort to bring mobile financial services to rural communities. We spoke with Henry Maloba, who leads the initiative, in this two-part Q&A.
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Firms, Aid Groups Help Filipinos Borrow From Banks Instead of Sharks
Housewife Jenny Orquiza, whose home was damaged by super typhoon Haiyan, did not imagine that the Philippines' biggest natural disaster would lead to her getting something she never had - a bank account.
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- Asia Pacific
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Kenya Court to Rule on Thin SIM Case in January
The High Court will determine in January whether a mobile operator associated with Equity Bank should roll out the thin SIM technology. Judge Isaac Lenaola on Thursday said he will deliver his verdict next year after parties in the case made their final submissions.
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- mobile finance
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PRESS RELEASE: Citi Announces Top Innovations from Global Financial Technology Challenge
Today Citi announced the top innovations from the Citi Mobile Challenge U.S., a groundbreaking global initiative that invites technology developers to reimagine digital banking and fuel innovation in the financial industry.
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- mobile finance
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In Nigeria Mobile Banking Transactions Hit N430 Billion
Mobile payments system, also known as mobile banking in the country has recorded a total of 15 million transactions since the inception of the scheme in 2012 with 58 million subscribers while the total value of the transactions till date is N430 billion.
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- Sub-Saharan Africa
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- mobile finance
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Three Keys to Unlocking Microinsurance’s Potential: The sector is growing – here’s how it can grow faster
Although microinsurance has grown in the shadow of flagship microfinance products like microcredit, it has slowly established itself as a dominant figure in inclusive finance. Yet it is still far from achieving its full potential, with challenges ranging from low coverage rates to lack of customer trust and limited cash-flows. Lisa Chassin of MicroSave outlines key practices that could boost the sector’s growth.
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Global Health Looks To BRAC and Gates Foundation for Mobile Money
Bangladesh is going digital. Not in smart watches, sensor-based clothing or electronic health records, but in money. Mobile money. Money, that according to BRAC and the Gates Foundation could improve the economic and health outcomes of the country, especially of women and children. With a healthy appreciation of the complexities in scaling digitally, faith in innovation at the grassroots level and years of planning, these organizations just might make mobile money the future of finance.
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- South Asia