Category: Technology

MICROCAPITAL BRIEF: Centenary Bank, Opportunity Uganda, PostBank Partner With Uptime Solutions to Rollout Mobile Banking Vans to Rural Areas

Several financial institutions in Uganda including Centenary Bank, a Uganda-based commercial bank specializing in rural finance; Opportunity Uganda, a subsidiary of US-based nonprofit Opportunity International; and PostBank Uganda, a government-owned non-bank credit institution, reportedly have partnered with Uptime Solutions Limited, a Uganda-based for-profit company providing technology solutions for financial services and enterprise development, to deploy mobile banking vans to extend financial services to more residents, mainly in rural trading centers. Continue reading

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MICROCAPITAL BRIEF: MFX Solutions Releases French Version of Comprehensive Asset/Liability Management (CALM) Tool for Microfinance Institutions

MFX Solutions, a US-based company that provides currency hedging solutions for microfinance institutions (MFIs) and microfinance investment vehicles (MIVs), has released a French-language version of its Comprehensive Asset/Liability Management (CALM) Tool. Continue reading

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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

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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

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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

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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

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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

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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

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