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Key Drivers of Financial Innovation in Zimbabwe
Financial innovation can be defined as the act of creating and then popularising new financial instruments, technologies, institutions, markets, processes and business models, including the new application of existing ideas in a different market context.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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As Myanmar opens up, will mobile money emerge?
It’s an unprecedented moment in Myanmar’s history as the country opens up to financing, technology and connectivity. Will mobile payments play a role in transforming the country?
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- Uncategorized
- Region
- Asia Pacific
- Tags
- mobile finance
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Bank in Chile launches app that lets people transfer money using Facebook
The Chilean unit of Spanish bank BBVA is launching a service that lets people transfer money using Facebook. The service begins March 3 and the bank says it's the first of its kind in Latin America.
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What if America’s unbanked had mobile wallets?
Delivering financial services to the world's unbanked masses is not a topic that usually includes a developed economy like the United States. That's because Africa is the global leader in this area. Its mobile network operators are boosting their bottom lines and raising standards of living by offering mobile wallets to the unbanked -- making it possible to conduct a variety of transactions from person-to-person money transfers to bill payments and point-of-sale purchases.
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- Uncategorized
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Reserve Bank of Zimbabwe moves to end “mobile war” between telecommunications players
THE Reserve Bank of Zimbabwe (RBZ) has directed mobile payment system operators that want to enter into exclusive arrangements with agents to seek permission as the central bank moves to end the “mobile war” between telecommunications players.
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- Uncategorized
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Quick Wins in Mobile Money: How simple usability tweaks can significantly increase mobile money usage
Mobile finance has great potential to serve the poor, but many existing services are not designed around their needs, behaviors and capabilities. New research from Grameen Foundation reveals simple usability fixes that mobile money providers could incorporate to help their products better meet the needs of the BoP, and reach scale and commercial viability.
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- Uncategorized
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Central Bank of Nigeria to extend cashless policy nationwide
The Central Bank of Nigeria Acting Governor, Dr. Sarah Alade, Wednesday said the bankers’ committee will not rescind on the plan to extend the cashless policy to other states in the country from July 1.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Banks lose out as M-Pesa goes global with MoneyGram deal
Safaricom’s push to take its mobile money transfer business global has received another boost with the signing of a deal that will see users of MoneyGram send cash directly to M-Pesa customers from any part of the world.
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- Uncategorized
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