You are currently browsing the tag archive for the ‘Mobile Banking’ tag.
>Posted by Ignacio Mas
A review of Money Real Quick: The Story of M-PESA by Tonny K. Omwansa and Nicholas P. Sullivan
When it comes to mobile payments, Kenya has become a global innovator. Almost three-quarters of the adult population knows how to fiddle with a small keyboard in order to send money to someone else or check their balance. They haven’t been seduced by Jobsian gadgetry (any phone will do), but rather by the sheer simplicity and convenience of the M-PESA service. Anywhere you go you find stores offering to help you with the bothersome business of getting cash into or out of your phone. It’s practically doorstep service. Indeed, the most striking thing about M-PESA is how visible it is.
In their new book, Money Real Quick: The Story of M-PESA, Omwansa and Sullivan have done an excellent job of consolidating all that we know about M-PESA today, following every nuance in its development and every tentacle in its growing reach. This book will become not only the classic story but also the reference for all things M-PESA. Read the rest of this entry »
> Posted by Center Staff
The following is an excerpt from a private email conversation between two CFI staff members, Sergio Guzman (based in Washington, DC) and Leah Wardle (living abroad in Nairobi, Kenya).
Sergio writes:
Hey Leah –
I just read this article, which was tweeted by Tilman Ehrbeck at CGAP, about mobile money contributing to inflation in Kenya. The article claims that MPesa – especially since it has started allowing people to store money (creating something that looks an awful lot like a bank account) –causes Kenyans to move money around so fast that it sparks inflation. Read the rest of this entry »
> Posted by Michael Quesnell, Senior Manager, Sustainability, Nokia
This post is part of the Center for Financial Inclusion’s Expert Exchange: Building A Movement Toward Financial Inclusion by 2020, cultivating conversation around the goal of reaching full financial inclusion by 2020. For further questions about this series, write to , Fellow, Center for Financial Inclusion at Accion.
It was just a year ago that I was sitting on the floor of a tiny local community building in a small village about 90 minutes outside of Ahmedabad, India listening to 30 women tell me what they wanted from mobile technology. These women, all leaders with the Self-Employed Women’s Association (SEWA), were on their game despite the fact that my agenda was to get insights into a financial literacy application I was helping design. They were shrewd, insightful, and knew exactly what they wanted and needed to improve their important rural work in microfinance and membership services…I was about to get schooled. Read the rest of this entry »
>Posted by Charlotte Connors
Amitabh Saxena, author of ACCION’s “InSight #27; Accelerating Financial Inclusion through Innovative Channels: 10 Obstacles for MFIs Launching Alternative Channels—and What Can Be Done,” was recently featured as a guest blogger in two exciting forums, where he discusses some implications of his recently completed research:
CGAP Technology Blog: “Is microfinance still relevant in branchless banking?”
Mobile Money for the Unbanked: “Why and How to Engage Microfinance Institutions for your Mobile Money Deployment”
Download your copy of his paper today.
> Posted by Yilan Hu
I’m a Paganucci Fellow at Tuck School of Business this summer. First let me introduce myself. My name is Yilan Hu, and I grew up in China where my parents still live. Prior to coming to Dartmouth, I studied for five years in Singapore on a scholarship. I’m currently a rising senior with a double major in Economics and Mathematics at Dartmouth. I have developed a keen interest in development work, partly intrigued by China’s rapid economic growth and partly inspired by Singapore’s success story.
The Paganucci Fellows have been working on developing scorecards of the level of financial inclusion present in several countries. I, for example, worked extensively on the scorecard for the Philippines. When I first started working on the Philippines, I was told that it has been a pioneer in mobile banking. Admittedly, mobile banking was just a catchy phrase that meant little to me back then. However, through the research I’ve done, I’ve come to truly appreciate the huge potential of mobile banking as a vehicle to expand financial access. I’m found that mobile banking can significantly alter the outlook of this country’s basic financial products, such as credit, savings, and payments. For example, the cost of inward international remittances to the Philippines is as low as 1% of the transfer amount via mobile channels compared to about 5% through regular non-bank remittance agencies.
We also look at the concentration of bank branches and POS in countries to measure physical accessibility. While the Philippines does not have high bank concentration Read the rest of this entry »
Facebook
Twitter
Recent Comments