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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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Directed Remittances: Are “free” in-kind transfers exciting enough to lure customers?
Remittances from migrant communities have huge social and economic impacts on emerging markets, accounting for over a third of GDP in some countries. But the market has only experienced incremental levels of innovation over the years. Now, according to Nate Gonzalez at Accion Venture Lab, more nuanced business models are emerging, including some that offer in-kind transfers like gift vouchers or bill payments rather than cash.
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International money transfers via mobile to exceed $10 billion by the end of the year
Juniper Research forecasts that nearly 400 million mobile phone users worldwide will use their handsets for mobile money transfer by 2018.
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Bitcoin Is A Remarkable Innovation, Here’s Why It Will Fail
Bitcoin has succeeded where many other virtual currencies have failed because it was designed to be as similar to cash as possible while still being digital.
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Will Migrant Workers Drive Bitcoin’s Mundane Future?
A certain seediness seems to be a necessary element in getting people’s juices flowing about virtual currencies.
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Remittances Policy That Works: The Case Of Ghana.
Abstract: In an opinion piece, Yaw Sophism discusses Ghana’s policy for remittances....
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- Sub-Saharan Africa
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- remittances
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