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OPINION: Here Comes the Internet of Money
A new wave of financial innovation is forming, that could sweep over traditional banking, traditional payments systems, even the traditional idea of money.
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- Uncategorized
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Safaricom, Commercial Bank of Africa launch campaign to deepen financial inclusion
Commercial Bank of Africa and Safaricom have launched a campaign to deepen financial inclusion and access to financial services, targeting M-PESA customers who have yet to start using mobile savings and micro - loan solution M-Shwari.
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- Uncategorized
- Region
- Sub-Saharan Africa
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How to Make Financial Education Less Boring: Taking it beyond sales pitches and theoretical financial management concepts
Financial education, financial literacy and even financial capability sound both condescending AND boring, says MicroSave. Worse, they fail to clarify what’s on offer to very poor people whose only real incapability is their limited financial resources. This post describes alternate ways financial service providers can offer these customers relevant, meaningful information that isn’t just a sales pitch or theoretical concept.
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- Education
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Operational difficulties complicate India’s ambitious financial inclusion scheme
Banks in a tizzy over shortage of cards, duplication of accounts
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- Uncategorized
- Region
- South Asia
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OPINION: Shared mobile money agents: Does this benefit the ecosystem?
It’s been reported that the Competition Authority of Kenya (CAK) has pushed through an order compelling Safaricom, Kenya’s largest mobile operator, to share its mobile money transfer agents with the other mobile networks.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Table-banking, a booming loan facility among Kenyan women
Initially when she needed a loan, Joan Mwashi would approach a group she belonged to under a microfinance institution.
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- Uncategorized
- Region
- Sub-Saharan Africa
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NexThought Monday – Borrowing from Yourself: Innovations that help low-income debtors become savers
There should be huge returns to helping more Americans raise the range of their cash positions – their financial zone of operation, writes Timothy Flacke of Doorways to Dreams. In some cases, moving that range even $500 or $1,000 higher might mean less frequent use of costly short-term credit - which could help prevent short-term borrowing from becoming chronic debt, as is so often the case with payday loans. But how?
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- Uncategorized
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OPINION: Is mobile money the key to Africa’s cashless society?
As the story of the mobile phone and its contribution in bridging the digital divide in Sub-Saharan Africa unfolds, the device’s revolutionary role in facilitating transactions and wealth distribution in the region is shaping up in an unprecedented way.
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- Uncategorized
- Region
- Sub-Saharan Africa
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