Category: Technology

MICROCAPITAL BRIEF: National Association of Microfinance Banks (NAMB), Central Bank of Nigeria (CBN) Propose Unified Software System for Microfinance Banks (MFB) in Nigeria

The National Association of Microfinance Banks (NAMB), a trade group of 820 microfinance banks (MFBs) in Nigeria, recently partnered with the Central Bank of Nigeria (CBN), the country’s main financial regulator, to propose a unified software system for all of NAMB’s member institutions. Continue reading

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MICROCAPITAL BRIEF: CardPlanet Solutions of Kenya Inaugurates “Pesacard” to Enable Parents to Send Mobile Money to School Children

CardPlanet Solutions, a Kenya-based personal information solutions company, recently launched an electronic wallet service called “Pesacard” that will enable parents to transfer money via mobile phone to their children in school. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: CardPlanet Solutions of Kenya Inaugurates “Pesacard” to Enable Parents to Send Mobile Money to School Children Posted in Africa, Key Players, Technology

MICROCAPITAL BRIEF: Tanzania Postal Bank (TPB), World Savings Banks Institute (WSBI), Bill and Melinda Gates Foundation to Launch “TPB Popote” to Reach Unbanked Tanzanians

The Tanzania Postal Bank (TPB), a Tanzania-based financial services organization, recently partnered with the World Savings Banks Institute (WSBI), a Switzerland-based international banking association, and the Bill and Melinda Gates Foundation (BMGF), a US-based nonprofit organization, to launch a new mobile banking service called “TPB Popote” that aims to increase the financial inclusion of low-income people in rural regions of Tanzania. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Tanzania Postal Bank (TPB), World Savings Banks Institute (WSBI), Bill and Melinda Gates Foundation to Launch “TPB Popote” to Reach Unbanked Tanzanians Posted in Africa, Key Players, Technology

MICROCAPITAL BRIEF: Ecobank, Lonestar Cell MTN Launch “Mobile Money School Fees Payment Service” in Liberia

Ecobank Transnational Incorporated (ETI), a pan-African banking conglomerate that operates in 33 African countries, and Lonestar Cell Mobile Telecommunications Network (MTN), a member of the multinational telecommunications company MTN Group that has services in 21 countries in Africa, Europe and Middle East, reportedly have launched a partnership in Liberia that will alleviate the costs of waiting to pay for students’ school fees [1]. Continue reading

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MICROCAPITAL BRIEF: Government of Malawi Joins Better Than Cash Alliance (BTC) as Part of Move to Adopt Electronic Payments

The Government of Malawi recently joined the Better Than Cash Alliance (BTC), a US-based nonprofit, to transition Malawi from cash to electronic payments. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Government of Malawi Joins Better Than Cash Alliance (BTC) as Part of Move to Adopt Electronic Payments Posted in Africa, Key Players, Technology

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN), Bill and Melinda Gates Foundation Create “Geospatial Mapping of Financial Institutions” Program in Effort to Boost Inclusion

The Central Bank of Nigeria (CBN), Nigeria’s central bank and main financial regulator, reportedly has partnered with the Bill and Melinda Gates Foundation (BMGF), a US-based nonprofit organization, to form a new initiative called “Geospatial Mapping of Financial Institutions” that aims to increase the financial inclusion of low-income Nigerians [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN), Bill and Melinda Gates Foundation Create “Geospatial Mapping of Financial Institutions” Program in Effort to Boost Inclusion Posted in Africa, Key Players, Technology

MICROCAPITAL BRIEF: Standard Bank, Systemanalyse und Programmentwicklung (SAP) To Launch “AccessBanking” to Reach Unbanked in South Africa

Standard Bank, a South Africa-based financial services company, recently partnered with Systemanalyse und Programmentwicklung (SAP), a Germany-based business software provider, to launch AccessBanking, a new service that enables low-income people in South Africa without access to traditional banking services to set up bank accounts with Standard Bank using their mobile phones [1]. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Standard Bank, Systemanalyse und Programmentwicklung (SAP) To Launch “AccessBanking” to Reach Unbanked in South Africa Posted in Africa, Key Players, Technology

MICROCAPITAL BRIEF: MasterCard, Nigeria National Identity Management Commission (NIMC) to Produce 13 Million “National Identity Smart Cards”

MasterCard, a US-based payment solutions company, recently announced a new partnership with the Nigerian National Identity Management Commission (NIMC), an initiative of the Nigerian government to enroll all citizens and permanent residents into a national identity database, to produce 13 million “National Identity Smart Cards” that can be used as both identification cards as well as an electronic payment solution. Continue reading

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MICROCAPITAL BRIEF: Small Industries Development Bank of India (SIDBI) Launches India Microfinance Platform

The Small Industries Development Bank of India (SIDBI), a state-owned bank, with the help of the World Bank, a US-based international development institution, and implemented by the US-based nonprofit Microfinance Information Exchange (MIX), has launched the India Microfinance Platform, a web-based portal that will provide information on all the microfinance organizations in India. Continue reading

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MICROFINANCE PUBLICATION ROUND-UP: Alleviating Poverty via Mobile Communications; Integrating Microfinance, Health Services in the Andes; Mobile Phone Technology for Women in Afghanistan

Alleviating Poverty: Mobile Communications, Microfinance and Small Business Development Around the World;” by Darrell M. West; published by The Brookings Institution; May 2013; 12 pages; available at: http://www.brookings.edu/~/media/research/files/papers/2013/05/16%20poverty%20mobile%20microfinance%20business%20west/westalleviating%20povertymobile%20comms%20microfinance%20small%20business51613v12.pdf Continue reading

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MICROFINANCE EVENT: 24th Annual SRI Conference on Sustainable, Responsible, Impact Investing, October 28-30, 2013, Colorado Springs, Colorado, USA

Event Name: 24th Annual SRI Conference on Sustainable, Responsible, Impact Investing

Event Date: October 28-30, 2013

Event Location: The Broadmoor, Colorado Springs, Colorado, USA Continue reading

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MICROCAPITAL BRIEF: Etisalat, National Bank of Egypt, MasterCard to Launch Mobile Money Service in Egypt

The Egyptian subsidiary of the Emirates Telecommunications Corporation (Etisalat), a United Arab Emirates-based telecommunications services provider, recently formed two partnerships with the National Bank of Egypt (NBE), a commercial bank wholly owned by the Egyptian government, and MasterCard, a US-based payment solutions company, to launch a mobile commerce service known as “Flous,” meaning “money” in Arabic. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Audiovisual Mass Media Campaigns for Insurance Education: Stages and Lessons;” by Sarah Bel, Mariana Pinzon Caicedo; published by Microinsurance Innovation Facility, International Labour Organization

By Sarah Bel and Mariana Pinzon Caicedo; published by the Microinsurance Innovation Facility and the International Labour Organization; 2013; 55 pages; available at: http://www.ilo.org/public/english/employment/mifacility/download/mpaper21.pdf

This paper presents an analysis of the potential role of mass media campaigns in allowing microinsurance sellers to provide cost-efficient programs offering information about insurance products and services to low-income households. Continue reading

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MICROCAPITAL BRIEF: MasterCard Introduces “SME Online” Internet Payment Solution in Nigeria

US-based payment solutions company MasterCard reportedly has introduced a new internet payment service called “SME Online” for small and medium-sized enterprises (SMEs) in Nigeria. Continue reading

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MICROCAPITAL BRIEF: Gemalto Provides Biometric Smart Cards for “Prime Cash” Branchless Banking in Bangladesh

Gemalto, a digital security company based in the Netherlands, has developed a smart card-based system for two Bangladeshi businesses: Prime Bank Limited, a commercial bank founded in 1995, and Dipon Consultancy Services Limited (DCSL), a member of the Bangladesh-based conglomerate Dipon Group. The system will support the branchless banking service known as Prime Cash, which was established by the two firms in 2012. Continue reading

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