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Proliferation, Dominance, Evolution & Impact: Helix report examines the status of mobile money agents in Kenya
Kenya is the world leader in mobile money services, and these services depend largely on the strength of their agent networks. The Helix Institute of Digital Finance explores that topic in its third Agent Network Accelerator country report. It focuses on the proliferation of agents in the country, the effect of Safaricom’s dominance, how the agent network is evolving, and the impact it is having on financial inclusion.
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- Education
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Why mobile money has failed to take off in India
As we report this week, in much of the developing world, mobile money is evolving.Initially just a means of making payments, it’s now becoming a platform for an entire financial-services industry.
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- Uncategorized
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Xpress Money Joins Hands with Safaricom to Boost Mobile Remittances in Kenya
Xpress Money, the world's most dependable money transfer brand, today announced its tie up with Safaricom to offer money transfer services on the latter's popular M-PESA platform in Kenya.
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- Uncategorized
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How to manage all your financial affairs from a $20 mobile phone
“I feel like a caveman who’s just been handed a Bic lighter,” reported Charles Graeber, a writer for Bloomberg Businessweek who recently went to Nairobi to check out M-Pesa, Kenya’s dominant mobile-money provider.
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- Uncategorized
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Nigeria: Stakeholders Raise Concern Over Slow Adoption of Mobile Money
Stakeholders at the ongoing Card, ATM and Mobile Expo, which opened in Lagos on Tuesday, have raised concern over the slow adoption of the mobile money payment system in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Vodafone India completes pan-India M-Pesa rollout in Q4-FY14
Vodafone India which operates the mobile payment service M-Pesa through its wholly owned subsidiary Mobile Commerce Solutions Ltd (MCSL), has completed the pan-India rollout of the service in March 2014, about one year since its India launch and about 16 months after the initial announcement.
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- Uncategorized
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Kenyan crowdfunding site touts investment for startups
Kenyan startup Tevat is set to launch a site allowing startups to raise money through crowdfunding by connecting them with investors both in Africa and the diaspora.
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6 Reasons Online Remittances Are Primed to Explode: International money transfers are moving online – and that’s good news for the BoP
Global remittances to developing countries are estimated to exceed $436 billion in 2014, and research suggests that they help lower poverty significantly. Unfortunately, high fees have claimed a substantial part of this money. But multiple factors are driving the industry online, says Logan Lemberger - and that could be a boon for the global poor.
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- Uncategorized
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