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Kenyan crowdfunding site touts investment for startups
Kenyan startup Tevat is set to launch a site allowing startups to raise money through crowdfunding by connecting them with investors both in Africa and the diaspora.
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6 Reasons Online Remittances Are Primed to Explode: International money transfers are moving online – and that’s good news for the BoP
Global remittances to developing countries are estimated to exceed $436 billion in 2014, and research suggests that they help lower poverty significantly. Unfortunately, high fees have claimed a substantial part of this money. But multiple factors are driving the industry online, says Logan Lemberger - and that could be a boon for the global poor.
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After Typhoon Haiyan, Opening a Door to Financial Inclusion: Mobile-based savings accounts are helping low-income Filipinos hardest hit
About 40 percent of Filipinos live on less than $2 a day. This poverty has been made all the more difficult following the typhoon that destroyed or damaged more than a million homes. Rather than handing out paper vouchers or physical cash, Mercy Corps partnered with the Philippines’ only purely mobile-based bank, BPI Globe BanKO (BanKO) on an electronic cash transfer program.
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- mobile finance
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Mobile money boosts Econet revenues in Zimbabwe
Econet Wireless, the biggest telecoms firm in Zimbabwe, has 780,000 additional subscribers for the year-end to February, it said on Monday, while revenues have risen 8% to $752.7 million.
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- mobile finance
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Problems and Potential in Tanzania’s Mobile Money Ecosystem: Highlights from Helix’s Agent Network Accelerator survey
Tanzania has crafted an impressively successful ecosystem for mobile money, with a unique agent network system that can be used as a model for the rest of the world. But this network is also struggling with fraud, liquidity management issues and other challenges. The recent country report from the Helix Institute of Digital Finance provides insights into what’s working, and what isn’t.
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9 telecoms announce interoperable mobile money
Mobile money services have gained momentum with 9 telecoms — Airtel, Etisalat, Millicom, MTN, Ooredoo, Orange, STC, Vodafone, Zain – decided to accelerate the implementation of interoperable services across Africa and the Middle East.
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38% of payments made in Swaziland are through mobile money
The Centre for Financial Regulation (CENFRI) states that MM was one of the many market payments available in the country together with eWallet, credit electronic fund transfer (EFT), debit EFT, Point of Sale (POS), paper based to name but a few.
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Mobile payments will exceed half a trillion dollars worldwide
The value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40% year-on-year, according to Juniper Research.
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- Technology
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