Category: Technology

MICROCAPITAL BRIEF: Ingenico of France Launches Mobile Biometric Identification Service, iWB Bio Series

Ingenico, an electronic payment solutions company based in France, has announced the launch of a mobile fingerprint identification service called the iWB Bio Series, which is a mobile biometric identification device that allows financial institutions and governments to identify individuals who have do not  have standard forms of identification. Continue reading

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MICROCAPITAL BRIEF: Democratic Republic of Congo Fights Corruption by Paying 1m Civil Servants via Mobile Banking

Since Prime Minister Augustin Matata Ponyo vowed in 2012 to replace all cash wage payments in the hopes of minimizing corruption, the Democratic Republic of Congo (DRC) has issued wage payments to 270,000 of 1 million civil servants via mobile banking. Continue reading

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MICROCAPITAL BRIEF: Younger People in Kenya More Open to “Game Changer” of Buying Investment, Insurance Products by Mobile Phone

In July 2012, Old Mutual Kenya (OMK), a Nairobi-based investment subsidiary of UK-based Old Mutual Group, launched i-Invest, a platform that offers investment products that can be purchased via M-Pesa, a service of a Kenya-based mobile operator Safaricom. Continue reading

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MICROCAPITAL BRIEF: International Finance Corporation, Central Bank of Belize to Establish Credit-Reporting System

The International Finance Corporation (IFC), the commercial arm of the US-based World Bank Group, is working with the Central Bank of Belize, the country’s financial regulatory body, to launch a credit-reporting system that will allow financial institutions to exchange credit information. Continue reading

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MICROCAPITAL BRIEF: Alliance for Financial Inclusion Launches African Mobile Phone Financial Services Policy Initiative (AMPI)

The Alliance for Financial Inclusion (AFI), a Thailand-based network of financial policymakers from approximately 85 countries, recently launched the African Mobile Phone Financial Services Policy Initiative (AMPI), which will aim to address barriers to the “uptake of mobile financial services” in Africa. Continue reading

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MICROCAPITAL BRIEF: CGAP, Grameen Foundation, Mobile Telecommunications Network (MTN) Uganda to Finance $1m Mobile Finance Product Research and Development Initiative

CGAP (Consultative Group to Assist the Poor), a US-based nonprofit research and policy center, the Grameen Foundation, a US-based nonprofit that seeks to increase business opportunities and telecommunication services for poor people in rural areas, and Mobile Telecommunications Network (MTN) Uganda, the Ugandan arm of South African telecommunications company MTN Group, recently announced plans to launch an initiative to research and develop new mobile financial products. Continue reading

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MICROCAPITAL BRIEF: Ears Earth Environment Monitoring of the Netherlands Offers Climate-based Crop Microinsurance System FESA Free to Microinsurance Retailers in Africa

Ears Earth Environment Monitoring Limited, a subsidiary of the Netherlands-based remote sensing company Ears Holding, is offering its Food Early Solutions for Africa (FESA) microinsurance system free of charge to microinsurance providers. Continue reading

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MICROCAPITAL BRIEF: Opportunity International Hires Temenos to Customize its Insight Software to Document Social Impact

Opportunity International, a US-based nonprofit that focuses on microfinance in emerging markets, has recently agreed to license Insight, a business analytics product developed by Temenos, a software company based in Switzerland. The organization will hire Temenos to customize the software to produce reports that measure the social impact of lending on borrowers and their communities. Continue reading

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MICROFINANCE PAPER WRAP-UP: “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets;” published by mWomen Global Development Alliance of the Global System for Mobile Communications Association (GSMA), Visa, Bankable Frontier Associates

Published by Global System for Mobile Communications Association’s mWomen Global Development Alliance, Visa and Bankable Frontier Associates; 2013; 40 pages; available at: http://www.gsma.com/mobilefordevelopment/wp-content/uploads/2013/02/GSMA-mWomen-Visa_Unlocking-the-Potential_Feb-2013.pdf

This report analyzes connections between mobile financial services and women’s financial inclusion in the developing world. Continue reading

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MICROCAPITAL BRIEF: Uganda’s Insurance Regulator, Making Finance Work for Africa (MFW4A), Access to Insurance Initiative (A2ii) Seek to Expand Access to Microinsurance, Perhaps Mobile Money

The Insurance Regulatory Authority (IRA), Uganda’s insurance industry regulator, reportedly is partnering with Making Finance Work for Africa (MFW4A), a multilateral platform that aims to coordinate financial sector activities among African governments, and the Access to Insurance Initiative (A2ii), a global program hosted by Germany’s international cooperation agency (Deutsche Gesellschaft für Internationale Zusammenarbeit), to create regulation that make access to microinsurance more efficient, mainly for low-income earners. Continue reading

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