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Mobile Money Movers – Part 1: A conversation with Sitoyo Lopokoiyit, Head of Strategy for Financial Services at Safaricom
M-Pesa is the world’s leading mobile money system, and one of the biggest success stories in the history of BoP business. Launched in Kenya by Safaricom in 2007, it’s now used by over two-thirds of Kenya’s adult population - and it is expanding to other countries in Africa and beyond. In Part 1 of our Mobile Money Movers series, Kyla Yeoman interviews Sitoyo Lopokoiyit, Head of Strategy for Financial Services at Safaricom.
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Post-typhoon expansion of micro-insurance coverage for the poor sought in the Phillipines
The recent devastation caused by supertyphoon Yolanda in the Visayas underscored the importance of expanding coverage of micro-insurance to the marginalized communities in the country.
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- Asia Pacific
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A Goat Or An ATM?
Financial inclusion efforts in India have achieved much but remain hobbled by the lack of an effective impact assessment framework.
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Kenya’s merchants are warming up to a payment system born in a Seattle basement
Naming your company “money” takes some gall, but for the founders of Kopo Kopo, the gambit looks like it might pay off.
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- Region
- Sub-Saharan Africa
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The Magic of Mobile Money: Looking back on the days when I used to sellotape coins on order slips
Mobile access innovator Nigel Waller looks back on the progress that’s been made in bringing mobile financial products to the BoP - and considers the overwhelming need for financial services that’s driving this progress.
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Leveraging Financial Inclusion to Promote Economic Development in Egypt
Egyptian policymakers are facing a significant challenge: how to address acute economic challenges while managing ongoing political and social transitions.
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Faith and Finance: The director of an Islamic microfinance institution discusses the challenges of mixing business and religion
In Kyrgyzstan, over 85 percent of citizens are followers of Islam, and many seek to run Halal businesses. So offering Shari’a compliant financial services just makes sense. But Kompanion Invest, the country’s only Islamic microfinance institution, is facing challenges as it tries to achieve full Shari’a compliance. The company’s director discusses those challenges, and the broader Islamic microfinance sector, in this frank Q&A.
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Should non-bank financial institutions be a part of the financial inclusion agenda?
Deposit-taking non-bank financial institutions (NBFIs), such as microfinance institutions (MFIs), financial cooperatives and postal banks, together serve approximately 596 million people in the global south. These institutions have many of the characteristics which research shows are key drivers for expanding access and reducing poverty.
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