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Tanzania: Mobile Money Tranfers Gaining Popularity
Financial transactions have always been a challenge for rural, poor people in Tanzania. M-Pesa, an immensely popular system of money transfer via mobile phone, has made life much easier.
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Banks in Zimbabwe face new threat from mobile money
LOCAL banks face a tough hurdle as the emergence of mobile money transfer services (MMTS) appears to pose a serious threat to their survival.
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PRESS RELEASE: World’s first international mobile money service with currency conversion launched
Today, for the first time ever, mobile money users will be able to transfer cash across borders with currency conversion automatically included.
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New Grant to Aid Businesses Creating Jobs, Services for Poor
The Asian Development Bank (ADB) and development partners will use a new $3.6 million grant to support around 20 private sector businesses in Asia targeting poor and low-income communities.
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Mastercard Exec Discusses Business Opportunities and Challenges in India
India has some challenges because it is such a huge country. The population is divided into different strata of people whom you are trying to reach out to.
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- South Asia
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Visa Partners with Airtel in Kenya to Launch Global Mobile Money Visa Card
According to Visa’s Head of Emerging Products & Innovation for Africa, Dougie Henderson said: “This strategic partnership with Airtel and Chase Bank brings the benefits of electronic payments to the under banked in Kenya by being innovative in mobile money services.
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- Sub-Saharan Africa
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Indian bank launches “Branch on Wheels”
The 'Branch on Wheels' is a first of its kind initiative by any private sector bank in India.
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Going Local: Mobile financial service providers must consider local differences in access & usability, says Grameen Foundation
Mobile finance has received a lot of attention as a way to further financial inclusion. But the mobile phone is not yet accessible enough to reach significant portions of the unbanked, with poor women in particular being left behind. New research from Grameen Foundation explores large variations in mobile phone comfort levels and usage patterns among poor, rural women in India and the Philippines.
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