Category: Technology

MICROCAPITAL BRIEF: Runa, Point Nine, Kizoo Place $2m in Equity in Microfinance Software Provider Mambu

Mambu, a provider of web-based microfinance institution management software, reportedly has received equity investments totaling USD 2 million from Russia-based Runa Capital; Germany-based Point Nine Capital; and its initial investor, Germany-based Kizoo Technology. Continue reading

Share

MICROFINANCE PAPER WRAP-UP: “Microfinance in Myanmar Sector Assessment”; by Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen; published by CGAP (Consultative Group to Assist the Poor), International Finance Corporation

By Eric Duflos, Paul Luchtenburg, Li Ren and Li Yan Chen, published by CGAP (Consultative Group to Assist the Poor) and International Finance Corporation, January 2013, 43 pages, available at:  http://www1.ifc.org/wps/wcm/connect/d87bf8804e5aba9bad7dadfce4951bf6/Microfinance+in+Myanmar+Sector+Assessment-Final.pdf?MOD=AJPERES

This joint CGAP (Consultative Group to Assist the Poor) and International Finance Corporation (IFC) report reviews the current state of Myanmar’s microfinance sector and the challenges involved with its future development. Continue reading

Share

MICROCAPITAL BRIEF: Indonesia’s Excelcomindo Axiata Launches International Remittance Service

Excelcomindo (XL) Axiata, an Indonesian telecommunications subsidiary of Malaysia-based Axiata Group, reportedly has launched its “XL Tunai International Remittance” service, allowing customers to receive money transfers from 110 countries via text messages, a method known as short messages service (SMS). Continue reading

Share

MICROCAPITAL BRIEF: Number of Mobile Money Subscribers in Kenya Down 1%, Total Transaction Value Up 7% During Quarter Ending September 2012

The Communications Commission of Kenya (CCK), a state-owned regulatory authority for the communications industry in the country, has released a report showing that the number of mobile money service subscribers dropped by 200,000 to 19.3 million between July and September 2012. Continue reading

Share

MICROCAPITAL BRIEF: National Commercial Bank, Development Bank of Jamaica Partner to Allow Microborrowers to Access Loan Funds Via Automated Banking Machines

The National Commercial Bank (NCB), a government-owned bank in Jamaica, reportedly has launched a pilot operation in partnership with the Development Bank of Jamaica (DBJ), which is also owned by the Jamaican government, in preparation to allow for the disbursal of funds to clients of microfinance institutions (MFIs) through automated banking machines (ABMs). Continue reading

Share

MICROCAPITAL BRIEF: Rejecting Kenya’s M-Pesa Model, Central Bank of Nigeria Bars Telecommunications Companies from Becoming Licensed Mobile Money Operators

The Central Bank of Nigeria (CBN), the country’s central banking authority, reportedly has decided that telecommunications companies will not be allowed to become licensed mobile money operators for fear that they will limit competition within the industry. Continue reading

Share

MICROCAPITAL BRIEF: Telenor Participates in Launch of MicroEnsure Asia, Opportunity International Sells Stakes in MicroEnsure to International Finance Corporation (IFC), Omidyar Network

MicroEnsure, a microinsurance intermediary founded by US-based nonprofit Opportunity International, has partnered with Telenor Group, a Norwegian mobile communications company, to launch MicroEnsure Asia, which will provide insurance products to Telenor’s business units in Asia. Continue reading

Share

MICROCAPITAL BRIEF: Singapore’s Tagit, Vietnam’s Smartlink Launch Mobile Banking Service in Vietnam

Tagit, a Singaporean mobile technology company, reportedly has partnered with Vietnamese mobile payment provider Smartlink to launch a mobile banking service that will link the customers of 51 financial institutions and insurance providers. Continue reading

Share

MICROCAPITAL BRIEF: Millicom, Cherie Blair Foundation for Women, US Agency for International Development Offer Financial Literacy Training, Loans to Rwandan Women to Become Tigo Mobile Money Agents

Millicom International Cellular, a Luxembourg-based telecommunications company also known as Tigo; the Cherie Blair Foundation for Women, a UK-based charity promoting women’s entrepreneurship; and the United States Agency for International Development (USAID), a US government agency that provides international economic and humanitarian assistance, have partnered to assist 4,000 women in Rwanda  to become Tigo mobile money agents. Continue reading

Share