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Three Steps to Jumpstart Agriculture Mobile Payments: Step 3 – Overcoming farmers’ illiteracy, financial illiteracy and lack of trust
In the third and final post in his series on embedding mobile payments by large buyers to farmers into agricultural value chains, Lee Babcock considers the need to overcome farmers’ illiteracy, financial illiteracy and, perhaps most importantly, lack of trust.
- Categories
- Agriculture
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Safaricom cuts fees on low and medium value M-PESA transfers
Leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Zimbabwe’s Econet Wireless and the making of Africa’s first cashless society
Will Zimbabwe be Africa’s first cashless society?Strive Masiyiwa, founder of the pan-African telecommunications company, talks about extending finance to the unbanked.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Using mobile money to increase financial inclusion in Indonesia
With the rapid growth of the middle-income population and a better-educated demographic bonus, Indonesia is expected to experience a more sustainable economic growth. One of the ways to achieve this is by increasing people’s involvement in the financial sector, otherwise known as financial inclusion.
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- Uncategorized
- Region
- Asia Pacific
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Ericsson to power Mobile Money project for ASBANC in Peru
Telecom equipment vendor Ericsson will design and implement the mobile money project, Peru’s largest private initiative for financial inclusion for the National Bank Association in Peru.
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- Uncategorized
- Region
- Latin America
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Ending M-Pesa’s solo story
M-Pesa lacks interoperability with any of the rival services run by the country’s three other operators: Airtel, Orange and yuMobile. But Safaricom is now under pressure to change its ways.
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- Uncategorized
- Region
- Sub-Saharan Africa
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African mobile money technology expands in Europe
Africans have long used technology developed abroad, but now a Kenyan cash transfer network which bypasses banks is being adopted in Europe.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Three Steps to Jumpstart Mobile Finance: Step 1 – Researching smallholders’ financial behavior to help them transition to mobile payments
It’s becoming increasingly clear that cash payment schemes are obsolete in the 21st century, says Lee Babcock. And in agriculture, there’s a growing recognition that enabling digital payments to smallholders is a huge opportunity, both for farmers and the mobile finance sector. In this three-part series, Babcock lays out three steps for embedding mobile money into agriculture development at the BoP.
- Categories
- Agriculture