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It’s About Launching Ecosystems, Not Just Products: Insights on the next generation of mobile financial services from the Mondato Summit Asia
As the explosive growth of mobile financial services (MFS) reshapes economies around the world, the Mondato Summit Asia brought an impressive line-up of speakers and panelists from all parts of the ecosystem to explore the next generation of MFS in Southeast Asia. Chris Connolly delivers some highlights - and tweets - from the recent conference.
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Kenya: Equity’s SIM Technology to Go Live By March – James Mwangi
EQUITY Bank plans to officially launch its mobile money platform Equitel - the trading brand of its telecoms subsidiary Finserve Africa - next quarter, chief executive James Mwangi said yesterday.
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- Sub-Saharan Africa
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- mobile finance
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Indian M-Wallet Market To Cross Rs 1,200 Crore By 2019: Study
The infant mobile wallet market in India is estimated to grow over threefold to Rs 1,210 crore in the next five years, buoyed by rising smartphone users and entry of newer players into the sector.
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- South Asia
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- mobile finance
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Bank On Poor Women And Phones To Drive Growth In Africa, Experts Say
Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent, Nigeria's finance minister, Ngozi Okonjo-Iweala, said on Monday.
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- mobile finance
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Behind 700% Loans, Profits Flow Through Indian Reservations to Wall Street
Joshua Wrenn needed money to make the January payment for his Jeep Cherokee.The truck driver and aspiring country singer in Madison, North Carolina, got $800 within minutes from a website he found on his phone. When he called to check his balance a few weeks later, he was told he had electronically signed a contract to pay back $3,920 to a company owned by an American Indian tribe.
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- lending, mobile finance
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Mobile Banking Will Soon Be Possible in India With a Basic Handset and Without Accessing the Internet
Banking will have a new look with some of the jigsaw pieces slowly falling into place. Almost all dealings between a customer and her bank will be possible with a basic handset and without accessing the Internet.
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- South Asia
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- mobile finance
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South African Bitcoin exchange debuts mobile wallet
South Africa’s largest Bitcoin exchange, BitX, has launched a Bitcoin mobile wallet that makes storing and using the cryptocurrency easier and safer for consumers in emerging markets.
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- Sub-Saharan Africa
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NexThought Monday – Mobile Money Interoperability is Not a Silver Bullet for Financial Inclusion
Interoperability between mobile money operators is a hot topic right now. Various stakeholders have placed it at the top of their agenda, hoping it will prove to be a key to increasing mobile money adoption and advancing financial inclusion. But though interoperability can undoubtedly help extend the reach of mobile money, Selma Ribica of Vodafone Group argues that it can also pose significant risks.
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