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The Big Idea: Taking Mobile Money Forward
The excitement of mobile money has been dampened by an inability of deployments to take hold outside a handful of successful markets. Driving the enthusiasm forward is the opportunity to bridge the gap between one billion people in emerging markets who have mobile phones but no bank account. On Tuesday, McKinsey & Company released a report “Mobile money: Getting to scale in emerging markets” seeking to cut through this excitement and identify critical success factors for implementation.
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- Technology, Telecommunications
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Mobile Money Payments: Why It’s Time to Move From P2P to Me2Me
Mobile money providers should embrace Me2Me systems, that is, easy-to-use commitment savings platforms that help map how people think about their long-term needs and money. In the customer’s mind, each date would be associated with a purpose, such as paying off school fees, rent, farm equipment or other long-term purchases and expenses.
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- Technology, Telecommunications
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CSR Fail: Why It’s Time for a BoP Tech Revolution
It’s up to all of us to change the tide and think about the intersection of technology inclusion and education more critically. It’s time for corporations to stop giving away their scrap computers to the developing world and calling it CSR. It’s time for NGOs to be more judicious about the hand-outs they accept and the indirect costs endured.
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- Technology, Telecommunications
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Watch: With Smartphones, Software, Building Better Agricultural Value Chains
Funded by the Gates Foundation, African Cashew Initiative is a $48 million project that aims to raise the incomes of 150,000 smallholder farmers. From Ghana, business software giant SAP is researching how ICT software coupled with smartphones is improving efficiency and trust in the cashew value chain, from farmers to buyers/traders. (With video)
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- Agriculture, Technology, Telecommunications
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Citi, OPIC, Bank Danamon Back Indonesia?s Microfinance with USD20 Million Loan
Citi Indonesia, the Overseas Private Investment Corporation (OPIC) and Bank Danamon will extend a USD20 million term loan to fund the growth of Bank Danamon’s microfinance programme, Danamon Simpan Pinjam (DSP), and to promote the financial inclusion of microentrepreneurs and small businesses in Indonesia. This loan will be the first from Citi and OPIC for the microfinance sector in Indonesia, and is part of Citi’s and OPIC’s USD250 million joint global initiative to support micro...
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- Technology
- Region
- South Asia
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Brazil’s Flourishing ’LAN’ Houses Supplying More Than Internet Connections
Brazil hosts over 100,000 publicly sponsored Internet access centers, or LAN (Local Area Network) Houses. The phenomenon started in affluent areas of S?o Paulo in the 1990s and now extend into poor isolated regions. These centers represent to 45% of all Internet access in Brazil, and connect 30 million Brazilians, mainly in low-income communities.
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- Technology, Telecommunications
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Transactions Without Borders: The March of Mobile Money
The term "unbanked" does not always equate to "unbankable." In fact, it’s often simply a case of banks being unreachable. In his latest book, Sam Pitroda explains that the digital wallet is going to change the very concept of money, leading to financial and social inclusion.
- Categories
- Technology, Telecommunications
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