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Kenyan banks take on M-PESA in fight for money transfer billions
Kenya Bankers Association plans to launch an interbank mechanism to enable interoperability across member banks for all retail payment streams, aiming to eat into M-PESA’s market share.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Fast Lane to the Future: Three ways the ‘leapfrog effect’ is transforming developing countries – and revolutionizing finance
The “leapfrog effect” refers to the phenomenon, in fast-growing emerging economies, of technological advances permitting shortcuts in infrastructure building. This saves considerable time and money – and can deliver quick results that took more developed countries decades to attain. Here are three ways the leapfrog effect is reshaping economies – and finance – in the developing world.
- Categories
- Technology
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Report: Four in five households in Bangladesh have access to financial services
Four in five households in Bangladesh have access to financial services, thanks to improvements in the networks of banks and microfinance institutions as well as a booming mobile banking segment, according to a new study.
- Categories
- Education
- Region
- South Asia
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PRESS RELEASE: Smart Campaign Now Serves More Than 20 Million Low-income Clients
Momentum for Smart Campaign Certification Accelerates; Six Million ‘Protected’ Clients Added in Last Six Months.
- Categories
- Uncategorized
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Big Response to Government’s Low-Cost Insurance Schemes in India
The low-premium life and accident insurance schemes introduced by the government recently have elicited huge response, attracting 11 crore subscribers in just three months.
- Categories
- Health Care
- Region
- South Asia
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New $35 million competition will enable greater financial inclusion for smallholder farmers in Africa
The MasterCard Foundation has announced the opening of a US$35 million Scaling Competition under its Fund for Rural Prosperity.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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PRESS RELEASE: India’s Financial Inclusion Leader IFMR HoldingsRaises $25m from Accion, LeapFrog and Lok
IFMR Holdings, a leading financial inclusion platform in India, has announced that they have raised US $25 million in equity from Accion, a financial inclusion pioneer, LeapFrog Investments, a specialist investor in emerging-market financial services, and Lok Capital, an Indian impact investment firm.
- Source
- Accion
- Categories
- Uncategorized
- Region
- South Asia
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Disrupting Remittances Through Mobile Money in Uganda
The money remittance industry sees over US$34 billion sent to sub-Saharan Africa each year, accounting for an average of 5 per cent of GDP on a country-by-country basis. However, for those sending and receiving money, the systems in place are inefficient and time-consuming.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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