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The Future of Uganda’s Mobile Money Market: Why agent networks are key to growing the sector
With 50 percent of cash-in/cash-out agents conducting at least 30 transactions per day, Uganda is one of the world’s leading digital finance markets. But despite its growth, many challenges persist. A new report from the Helix Institute of Digital Finance analyzes the successes and struggles of the country’s agent network.
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- Education
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Human-Centered Design: The Key to Mobile Money Adoption?
While mobile money is now available in almost every emerging market, active usage remains low. In fact, only about 30 percent of registered mobile money accounts are actively used, according to the most recent GSMA State of the Industry report. Bridging this crucial gap between registration and active usage will require providers to design products and services that are not simply ‘great ideas,’ but that truly meet the needs of end users.
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- Uncategorized
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InVenture raises $1.2-million to help serve emerging markets’ underbanked
InVenture is a credit score for anyone with a mobile phone. In order to expand its phone-based personal finance software, InSight, which generates financial identities and credit scores for the underbanked in South Asia and Africa, the startup has recently raised US$1.2-million.
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- Technology
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MasterCard prepares for African growth
MasterCard was eyeing a slice of the expected exponential growth from the emerging African market in coming years, particularly as mobile payments surged, Aaron Oliver, the head of emerging payments in the Middle East and Africa for the multinational firm, said yesterday.
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- Uncategorized
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Best Practices in Mobile Finance: Four fundamental service features that can have a positive impact on people’s lives
There is a growing amount of evidence on how best to provide financial services to the poor. The Gates Foundation’s Jake Kendall and Rodger Voorhies highlight some emerging trends from the research that they think constitute “best practices” for the field.
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- Finance, Telecommunications
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Kenya’s Safaricom Plans to Disrupt Mobile Market with Contactless Transactions
For a successful deployment, Safaricom is expected to build an NFC infrastructure countrywide, just like it did with its mobile money agents so as its subscribers can pay for services and buy goods anywhere in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Uganda Telecom to Upgrade Mobile Money Platform
Uganda telecom, a partially state owned telecommunication service provider, has signaled it will embark on upgrading its mobile money banking platform, M-Sente, in the next two weeks to enable their customers enjoy the service flawlessly.
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- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: Western Union Expands Mobile Money Transfer Network in Nigeria
New relationship with Paga gives more than 1.2 million Paga subscribers access to Western Union services.
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- Uncategorized
- Region
- Sub-Saharan Africa