Posts Tagged ‘Mobile Banking’

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IFC makes $3m equity investment in LAC’s mobile banking firm

Microfinance Focus, Oct 29, 2010: International Finance Corporation (IFC), a member of World Bank Group has made its first equity investment in a mobile banking firm in Latin America and the Caribbean region by making an equity investment of $3 million in Panama’s YellowPepper, a mobile banking firm. IFC has also helped in mobilizing an additional $2 million for the company to expand mobile banking and ... Full story

Mobile Banking for inclusive growth by microfinance institutions

By Souren Ghosal, Microfinance Focus, September 16, 2010 : There is no doubt that the most popular mandate in developing countries is to outreach poor by creating employment opportunities and providing financial support to the poor through state interventions.  Obviously such intermediation often fail to reach the poor as these intermediaries floated by the state are loaded with bureaucrats and politicians who are more prone to ... Full story

IFC supports mobile banking project in Indonesia

Microfinance Focus, Sep 7, 2010: World Bank’s International Finance Corporation (IFC) together with Bank Sinar Harapan Bali and AXIS launched a mobile-banking project to establish low-cost banking that will help expand access to basic financial services for millions of underserved in Indonesia. The project will be carried out over 16 months, with an initial focus on building awareness and trust in electronic transactions among the target ... Full story

“Frontier Investments focused on Mobile Banking, Microinsurance & Housing”-Monica Brand

“Frontier Investments focused on Mobile Banking, Microinsurance & Housing”-Monica Brand
Microfinance Focus, July 19, 2010: ACCION International is a private, non-profit organization and currently partners with 32 microfinance institutions (MFIs), NGOs and commercial banks across Latin America, the Caribbean, Africa and Asia, reaching out to a total of 3.3 million poor people with microfinance. ACCION International’s Frontier Investments Group is a double bottom line, ... Full story

Mobile Payment Expo: Understanding the Mobile Payments Landscape

Mobile Payment Expo: Understanding the Mobile Payments Landscape
By Arvind Ashta, Editor`s Note : In the Mobile Payment Expo which was conducted in Paris on June 9-10, 2010, Arvind Ashta of Burgundy School of Business presented a detailed account of the expo. Microfinance Focus, June 15, 2010 : In this era of multi-channel banking, the people present represented payments of physical goods ... Full story

Microfinance News Synopsis: FM to go east, take banks along to drive financial inclusion

Microfinance Focus, June 11, 2010: Microfinance News Synopsis brings a compilation of industry headlines broadcasted by other news media from across the world. FM to go east, take banks along to drive financial inclusion: Financial inclusion and implementation of central government schemes will top the agenda of finance minister Pranab Mukherjee's June 14 meeting with the chief ministers of 12 eastern states. The government is concerned ... Full story

mChek gets nod from Western Union Mobile Vendor Program

Microfinance Focus, Feb 18, 2010: mChek, a Mobile Money Solutions company has been certified by Western Union as a Mobile Money Transfer Vendor, said a statement from mChek. The certification under the Western Union Mobile Vendor Program was received after a technology integration and certification testing program, it said. Mobile Network Operators (MNOs) around the globe can now partner with Western Union to offer ... Full story

Microfinance to play vital role in Secure SMS Mobile Banking Pilot: CellTrust CEO

Microfinance Focus, Feb 17, 2010: CellTrust Corporation, supplier of secure mobile messaging and applications, has announced the launch of its SecureSMS Mobile Banking and Payment Pilot for the African region.  CellTrust recently partnered with Maxim-Pro Ltd., based in Abuja, Nigeria, to secure and mobile enable their successful banking platform with the view to extending secure mobile banking and payment services to under and un-banked populations. ... Full story

RESEARCH: Mobile Banking will accelerate microfinance mission

By Martina Rani Microfinance Focus, Feb. 7, 2010: The developing countries strive to give financial access to the poor and vulnerable groups for poverty reduction and social cohesion through their financial inclusion projects which aim at delivery of financial services at an affordable cost to them. People in developing countries have less options for transferring money and accessing banking services, because there is less deployed formal ... Full story

Ed : Will mobile banking match mobile reach in 2010?

By Naagesh Naaraayana Microfinance Focus, Jan. 4, 2010: India's mobile phones will reach more than the targeted half billion people by the end of 2010 or 60 per cent of the tele-density, going by the country's telecom ministry estimates. On the contrary, despite six decades of banking nationalization, denationalization and technological upgradation, India has failed to reach at least half the number telecom has reached in ... Full story

Beyond Microfinance, Top 10 most read new initiatives in 2009

Microfinance Focus, Dec. 26, 2009: The Microfinance Sector has witnessed several important new initiatives this year. Water, education and mobile banking were the favorite new segments. Our team has brought together the top 10 most read new initiatives. We will follow all the new initiatives, its successes, challenges and lessons learnt in the next year… 10 most read new initiatives in the year 2009^ Venturing ... Full story

Mobile banking is the key to financial inclusion

Microfinance Focus, Dec. 09, 2009/ Mumbai: Mobile banking has cost-saving advantages for banks and also it has proved the key to financial inclusion, said ICICI Bank official at Mobiles and Money India conference hosted at the Trade Centre (Mumbai). “Mobile and internet banking can bring down costs by 98%. ,” stated by the official . 200 ... Full story

Mobile banking can play vital role in financial inclusion: RBI Deputy Governor

Microfinance Focus, Dec. 05, 2009: Mobile phone as an instrument for conduct of financial transactions and the immense potential it has in the process of financial inclusion and financial growth is well recognized.  We all agree that the benefits of M-Commerce should reach the common man at the remotest locations in the country, said Dr. K.C.Chakrabarty, Deputy Governor, Reserve Bank of India at the India ... Full story

GSMA grants aims to boost mobile money services for unbanked

Microfinance Focus, Nov. 20, 2009: The GSMA, the body that represents the worldwide mobile communications industry, revealed the details of six additional grants from the Mobile Money for the Unbanked Fund (MMU), which is administered by the GSMA Foundation. New grantees include AKTEL in Bangladesh, Dialog Telekom PLC in Sri Lanka, Grameen Phone in Bangladesh, MTN Cameroon, MTN Uganda and Vodacom Tanzania. Grants are available ... Full story
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