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bKash looks to dethrone M-PESA as the world’s top mobile finance provider
bKash Limited is looking to become the largest mobile banking service provider company in the world within the next few years, chief of the company said.
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Mobile Payments Gain Traction Among India’s Poor
South Asia is a fertile market for the concept. The region consisting primarily of Bangladesh, India and Pakistan accounts for the largest number of offices actively providing mobile money services, 3.8 million compared with 805,000 in all of Africa and 1.8 million in East Asia and the Pacific.
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- Region
- South Asia
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Mobile Money Movers – Part 1: A conversation with Sitoyo Lopokoiyit, Head of Strategy for Financial Services at Safaricom
M-Pesa is the world’s leading mobile money system, and one of the biggest success stories in the history of BoP business. Launched in Kenya by Safaricom in 2007, it’s now used by over two-thirds of Kenya’s adult population - and it is expanding to other countries in Africa and beyond. In Part 1 of our Mobile Money Movers series, Kyla Yeoman interviews Sitoyo Lopokoiyit, Head of Strategy for Financial Services at Safaricom.
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Ugandans sidestep banks, embrace mobile money
The use of non-bank formal services is leading the pack of financial inclusion in Uganda, a new study has revealed.
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- mobile finance
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How mobile money fights malnutrition in Guatemala
When a natural disaster or humanitarian emergency strikes, food is usually distributed in the form of rations given to people standing in long queues.Getting cash and food aid to remote rural communities after a natural disaster like an earthquake or a hurricane is logistically complex, expensive and takes time.
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- mobile finance
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Telecoms and Banks lock horns over mobile banking in Zimbabwe
The bankers association accuse the mobile telephone operators of exploiting a grey area in the Banking Act.
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- Technology
- Region
- Sub-Saharan Africa
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Banks in Nepal are building interoperable mobile money offerings
In Nepal, two 3rd party initiatives are attempting to bring together the banks and offer the tools needed for them to successfully operate mobile money. The banking sector in Nepal is fragmented with not one bank having double digit market share.
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- mobile finance
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Expanding mobile money programmes in Kenya
Over the past six years, Kenya has posted significant growth in mobile phone financial services – a sector that it has in many ways helped to pioneer – and the medium-term outlook looks equally encouraging as operators move to offer traditional banking products such as savings accounts and loans. With the sector gradually converging with conventional financial services, the central bank is moving to strengthen its regulatory oversight, which could alter market dynamics.
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- mobile finance