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Telecoms firms pin hopes on mobile banking
Cellular operators want to open up their networks for more banking transactions as they have pinned their hopes on mobile money to grow revenues in the future. According to Fredrik Jejdling, Ericsson’s sub-Saharan African regional head, the most downloaded mobile apps in Africa now were banking apps. Social networks were the second most downloaded.
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- Uncategorized
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Mobile banking without a phone: Here comes the bank van
In Uganda, Rwanda, and the Philippines mobile banking vans reach out to the rural poor as an alternative to cell phone banking schemes.
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- Uncategorized
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World Bank says expanded access to banking services comes with risks
In a new report, the World Bank warns that while some services, like low-fee accounts, clearly benefit the poor and small firms, others - such as microcredit, microinsurance, and debt relief - can do more harm than good.
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- Uncategorized
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Expanding the Platform: What’s holding back Kenya’s mobile money ecosystem – and how to improve it
Kenya leads the world in mobile money, but the wildly successful M-Pesa platform is still used mainly for remittances. For the country to realize its mobile finance potential, it must develop a much broader range of payment use cases, says Jake Kendall. He challenged a team of researchers to identify the country’s mobile finance challenges and to come up with solutions - here’s what they found.
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- Education
- Tags
- mobile finance, research
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Mobile money agents fortify shops to stem rising crime
An upsurge of crime targeting mobile money shops in Kenya has prompted operators to come up with new ways to ward off criminals.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bringing financial inclusion to the Horn of Africa
At present some 281,000 active subscribers use their mobile phones every day to transfer money, make purchases, pay bills, and buy airtime in Somaliland. That number is expected to increase to 400,000 by the end of 2014, says Adan Shire.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Devices Alone Won’t Solve American Financial Inclusion Problem
Mobile services would alleviate friction and save time for underserved, low-income consumers. But convenience won't necessarily transform the financially excluded into the financially included.
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- Uncategorized
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Mobile Money Comes To Ethiopia
Ethiopia lags far behind its East African neighbours in the development of its telecommunications sector and the services that the system now routinely provides elsewhere. This is about to change with the rollout of the country’s first mobile money transfer system this January
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- Uncategorized
- Region
- Sub-Saharan Africa
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