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Quick Wins in Mobile Money: How simple usability tweaks can significantly increase mobile money usage
Mobile finance has great potential to serve the poor, but many existing services are not designed around their needs, behaviors and capabilities. New research from Grameen Foundation reveals simple usability fixes that mobile money providers could incorporate to help their products better meet the needs of the BoP, and reach scale and commercial viability.
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BlackBerry plans mobile money services
Canadian smartphone maker Blackberry sees India as a key market for launching its mobile money services. The company plans to launch money transfer services on the Blackberry Messenger platform in partnership with local banks.
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Central Bank of Nigeria to extend cashless policy nationwide
The Central Bank of Nigeria Acting Governor, Dr. Sarah Alade, Wednesday said the bankers’ committee will not rescind on the plan to extend the cashless policy to other states in the country from July 1.
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- Sub-Saharan Africa
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Banks lose out as M-Pesa goes global with MoneyGram deal
Safaricom’s push to take its mobile money transfer business global has received another boost with the signing of a deal that will see users of MoneyGram send cash directly to M-Pesa customers from any part of the world.
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Unbanked consumers bypassing banks, going straight into mobile money, says Citigroup
Just as the mobile phone transformed the communications industry, it seems clear that mobile financial services are poised to transform the financial sector. Speaking on the second day of Mobile World Congress 2014 here in Barcelona, Michael Corbat, chief executive officer of U.S. multinational financial services company Citigroup, made the point that while more than 3 billion people have a mobile phone, only 2 billion people have a bank account.
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Mobile banking spreading to Asia and Latin America
Mobile money services for people without access to the traditional financial system are spreading at an increasing pace beyond Africa, according to a report released yesterday (24 February) at the Mobile World Congress 2014 in Barcelona, Spain.
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MTN and Ecobank offer Ghana subscribers access to cardless ATM services
MTN Ghana has partnered with Ecobank for the extension of cardless services to the bank’s ATMs across Ghana, allowing more than two million mobile money subscribers in the country to withdraw from Ecobank ATMs without using a card.
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Kenya’s Equity Bank Seeks Share of Telco Business
An Equity Bank branch in Dadaab. In a move likely to upset the applecart in the telecom sector, Equity Bank has applied for a license to operate a mobile telephone business.
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- Sub-Saharan Africa