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Mobile money dims use of debit cards in Kenya
The use of payment cards in Kenya has shrunk despite the rising number of people acquiring the cards. This is after users stifled use of the cards since the start of the year, with the value of transactions registering a huge decline.
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- mobile finance
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The Lion and the Toucan: Bank of Tanzania’s experiences in mobile finance offer valuable lessons to peers in Brazil
Brazil is the largest nation in Latin America in terms of population and area. Already a well-established regional and global leader in the field of financial inclusion, notably in areas such as agent banking and financial education, with a long history of overcoming policy challenges and difficulties, it would be easy for the nation to rest comfortably on its impressive policy achievements.
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NexThought Monday 12/16/13: Is India looking at financial inclusion backwards?
Despite the huge potential of solutions like mobile finance and branchless banking, the growth of these services in India has been slow and patchy. But the country’s mobile banking agenda has been driven largely by government-to-person social welfare payments, compelling service providers to start with the toughest market sub-segment – poor rural households. Should India invert its approach and target business segments first?
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Why Mobile Wallets Won’t Work in India… Yet: The need is there, but obstacles remain
India has more competing mobile network operators than any other country, and it’s one of the largest and fastest growing mobile markets in the world. It’s also one of the most problematic countries for financial inclusion, with half the population lacking access to formal banking services. Mobile banking seems like an obvious solution, but as Ritesh Dhawan of MicroSave explains, implementing that solution is not so simple.
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Mobile Banking Moves Ahead in Nigeria
As a result of the innovation in the Nigerian payment system, mobile phones have rapidly become a major medium for banking and payment for transactions, writes Nume Horsfall.
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- Sub-Saharan Africa
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Uganda: Mobile Money Gives Banks a Run
To Richard Mwebaze, the message was loud, clear and a welcome relief from those dreaded bank queues. The head teacher at one of his children's school said parents were now free to pay school fees by mobile money.
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- Sub-Saharan Africa
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- mobile finance
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Philippines’ Quezon City and USAID Launch Mobile Money System
The Local Government of Quezon City, in collaboration with the U.S. Embassy Manila’s United States Agency for International Development (USAID), has launched an innovative mobile money system.
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- Asia Pacific
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- governance, mobile finance