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A Platform for the Poor: CGAP’s Digital Finance Plus explores how mobile money links the BoP to essential services
Digital financial services have progressed to the point where their benefits extend far beyond the confines of banks or telcos. In this series, organized in cooperation with CGAP, we’ll explore how innovative companies from many sectors are using mobile platforms to deliver services that can make tangible improvements in the lives of the poor.
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- Agriculture, Energy, Health Care
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Digital-payment revenue in sub-Saharan Africa expected to soar
Electronic-payments revenue in sub-Saharan Africa (SSA) could reach up to $16 billion annually in the next few years if the growth of mobile payments in Kenya is repeated across the continent, according to a recent study by McKinsey and the Gates Foundation.
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Making Mobile Money More Effective in Nigeria
A recent survey that showed that 37 per cent of Nigerians are not aware of mobile money and as such, do not use the payment platform, is worrisome. According to the report by Philip Consulting, out of the remaining 63 per cent respondents that knew about mobile money, 31 per cent were between the ages of 26 and 35 and constituted the majority.
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Why different parts of Africa have widely different levels of success with mobile banking
Why are different parts of Africa experiencing widely different levels of success with mobile banking, despite years of experience in Kenya? Panellists at the IPS conference in London offered a range of explanations
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- Uncategorized
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Reorienting Financial Inclusion in India
Fixing small business finance is a great place to start improving financial inclusion. This is a reform that is overdue and should not wait.
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- Uncategorized
- Region
- South Asia
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Zimbabwe’s Econet Launches Mobile Money Loan Service
Zimbabwean users of the mobile money platform, EcoCash, are now able to access urgent loans of up to $500 using their cellphones.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Behind the Scenes at Financial Inclusion 2020: Elisabeth Rhyne outlines the next steps in the movement to achieve global financial access
The Financial Inclusion 2020 Global Forum brought together hundreds of leaders to dedicate themselves to quality financial access for all by 2020. Since October, the Center for Financial Inclusion has been following up on the insights generated at the summit, and laying the groundwork for the next big push. Elisabeth Rhyne discusses the movement’s progress and next steps.
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Kenya: Regulator sets tough conditions for mobile firms
Safaricom chief executive Bob Collymore is facing hard options, following last Friday’s approval of his company’s quest to acquire rival yuMobile’s assets under tough conditions.
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