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The Other Driver of Financial Exclusion: Poverty alone isn’t keeping people unbanked, says Ignacio Mas
Much of the discussion in financial inclusion revolves around poverty. But in Part 6 of our Mobile Money Movers series, thought leader Ignacio Mas explains why poverty itself isn’t the biggest thing keeping the unbanked out of the formal financial system. Mercy Corps’ Kyla Yeoman interviews Mas in this fascinating and wide-ranging video Q&A.
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Airtel Money generates 30m transactions worth $1b monthly in Africa
With its activities cutting across 15 countries in Africa, the Airtel Money has been described as a significant contributor to the mobile financial sector in Africa as it generates a monthly average of 30M transactions valued at $1 billion from an active base of 5 million customers.
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Proof of identity hindering Nigeria’s N1.1trn mobile money business
The lack of generally accepted proofs of formal identification required to assist service providers navigate KYC (Know Your Customer) concerns has been identified as a major drawback to the success of mobile money operations in Nigeria, according to a new report released by Lafferty Group and obtained by BusinessDay on Tuesday.
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The Telecom That Developed M-Pesa Is Boxing Competitors Out Of The Mobile Money Market
Kenyan Telecom rejects push by competitors to use its money transfer agents.
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- Sub-Saharan Africa
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Payment Banks as Financial Levellers
Payment banks and universal electronic bank accounts can bring about genuine financial inclusion
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- Region
- South Asia
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Mobile: Africa’s debit card
In the countries where mobile money has been particularly successful like Kenya, Uganda and Tanzania, the next unfolding wave of growth is payments integration.
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OPINION: Tech advancements have made India’s banks more vibrant
Over the past decade, the Indian banking sector has seen remarkable progress. It is clearly indicated by their healthy business growth, fast-paced credit expansion and profitability along with control over non-performing assets (NPAs).
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Chinese microcredit firm moves into online P2P lending
China Commercial Credit, the only mainland microcredit firm listed in the United States, will become the first such company to venture into peer-to-peer (P2P) lending as part of moves to expand beyond its base in Jiangsu province.
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