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Glo Xchange Rolls Out Super Agent Mobile Money Network in Nigeria
Globacom will from today commercially roll out Glo Xchange super agents’ network that will drive mobile money implementation across Nigeria in partnership with four leading deposit money banks, bringing 80 million unbanked Nigerians into the formal financial sector.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Gates Foundation to Help India’s Payments Banks with Tech, Innovation
The Bill & Melinda Gates Foundation will help newly licensed payment banks in technology sharing and innovation as it expects India to become a global showcase for digital payment systems in the next three to five years, Daniel Radcliffe, senior officer at the financial services for the poor (FSP) programme at the foundation, said in an interview on Friday.
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- Uncategorized
- Region
- South Asia
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Taking Financial Inclusion Data to the Next Level: National data is useful – but it’s not enough
The era of “big data” has fully arrived in the financial inclusion industry. But while existing data platforms are beginning to fill the gaps in national measures of inclusion, this information may not reflect the situation on the ground. That's why the next iteration of financial inclusion data needs to drill down to the subnational level to increase clarity around financial service access, usage and quality.
- Categories
- Education
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Funding for Indian Startups Won’t Dry Up: Omidyar’s Roopa Kudva
Roopa Kudva, 51, took charge of the India operations of New York-based impact investor Omidyar Network in early July.
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- Uncategorized
- Region
- South Asia
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FAO and MasterCard Join Forces on Financial Inclusion
The Food and Agriculture Organization of the United Nations (FAO) and MasterCard are joining forces to create an innovative new alliance against hunger.
- Categories
- Agriculture, Health Care
- Region
- Sub-Saharan Africa
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Mobile Lender InVenture Raises $10 Million
InVenture Capital Corp., a provider of small loans by cellphones, has raised $10 million in Series A funding, Yuliya Chernova reports for Dow Jones VentureWire. The company has a mobile app that can be downloaded by users, who then can request a loan. Once the user has granted the app access to their device, the company’s algorithm evaluates the activity on their mobile money accounts, such as how much they deposit and withdraw, the timeliness of their utility bill payments, and thousands of other nuggets of information such as social media, demographic, and communications patterns, to make a loan decision in minutes. The company currently operates in Kenya and Tanzania. Data Collective led the Series A round, which includedLowercase Capital, Collaborative Fund, Female Founders Fund and individual investors.
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- Uncategorized
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Five Key Findings From the 2015 Financial and Digital Inclusion Project Report & Scorecard
Convenient access to banking infrastructure is something many people around the world take for granted. Yet while the number of people outside the formal financial system has substantially decreased in recent years, 2 billion adults still do not have an account with a formal financial institution or mobile money provider.
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- Uncategorized
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Will India’s New Focus on Financial Inclusion Pay Off?
When India launched the Jan Dhan (people’s wealth) program a year ago, many observers regarded it as an experiment that would fail. But while the program may not have measured up to the claims of its proponents, evidence shows it has had some positive impacts.
- Categories
- Uncategorized
- Region
- South Asia
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