Category: Technology

MICROCAPITAL BRIEF: Western Union, eTranzact Launch Mobile Money Product in Nigeria

The Western Union Company, a US-based financial services company, reportedly is partnering with eTranzact, a Nigeria-based mobile money service provider, to launch a mobile money service in Nigeria. The service is expected to allow customers on the eTranzact mobile money platform, PocketMoni, to receive mobile money transfers from 23 “sender” countries using their mobile phones. Continue reading

Share

MICROCAPITAL BRIEF: Rwanda’s Bank of Kigali Announces New ‘mVisa’ Mobile Banking Service

The Bank of Kigali (BK), a commercial bank based in the Rwandan capital of Kigali, reportedly has announced the development of a new mobile banking product, ‘mVisa’, that is expected to allow rural populations to gain access to banking services that historically have been inaccessible to rural Rwandans. According to a statement attributed to Lawson Naibo, the chief operations officer of BK, the service will aim to allow rural clients to easily access their bank account through their mobile phone and encourage higher banking participation rates in rural Rwandan communities where bank branches are often not present. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: Rwanda’s Bank of Kigali Announces New ‘mVisa’ Mobile Banking Service Posted in Africa, Technology

MICROCAPITAL BRIEF: Muhammad Yunus, Grameen Foundation, Grameen Bank, Brazil Foods (BRF) to Invest in Small Businesses, Genetically-Modified Organisms (GMOs) in Haiti

Nobel Peace Prize winner Dr Muhammad Yunus reportedly announced in June 2013 a new partnership between the Grameen Foundation, a US-based nonprofit of which Yunus serves is a board member, the Grameen Bank, a Bangladesh-based microfinance institution (MFI) founded by Dr Yunus, and Brazil Foods (BRF), a Brazil-based food production and processing company, to offer an unspecified amount of money through microfinance loans to small businesses in Haiti that are engaged in the production of genetically-modified organisms (GMOs), particularly in the poultry industry [1,2]. Continue reading

Share

MICROCAPITAL BRIEF: WorldRemit Launches Direct Worldwide Money Transfer Service through Telesom’s Zaad Service

WorldRemit Limited, a UK-based online money transfer service that enables customers to send remittances to family and friends in approximately 100 receiving countries, reportedly has partnered with Somaliland-based communications company Telesom’s Zaad, a mobile banking service that allows customers to use their mobile phones for money transfers and purchases, to launch a mobile money transfer program. Continue reading

Share
Written by Comments Off on MICROCAPITAL BRIEF: WorldRemit Launches Direct Worldwide Money Transfer Service through Telesom’s Zaad Service Posted in Africa, Deals, Technology

MICROCAPITAL BRIEF: Jamaica National Small Business Loans Limited (JNSBL) Launches “I Support Jamaica” Website to Fund Microentrepreneurs

Jamaica National Small Business Loans Limited (JNSBL), a microfinance institution established in 2000, in partnership with the Jamaica National (JN) Foundation, a Jamaica-based social development organization, recently announced the launch of “I Support Jamaica,” a fundraising website that provides money for entrepreneurs in the country to start micro- and small businesses [1]. Continue reading

Share

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

Share
Written by Comments Off on MICROCAPITAL BRIEF: National Association of Microfinance Banks (NAMB), Central Bank of Nigeria (CBN) Propose Unified Software System for Microfinance Banks (MFB) in Nigeria Posted in Africa, Key Players, Regulation, Technology

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

Share
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

Share
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

Share

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

Share
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

Share
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

Share
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

Share
Written by Comments Off on MICROCAPITAL BRIEF: MasterCard, Nigeria National Identity Management Commission (NIMC) to Produce 13 Million “National Identity Smart Cards” Posted in Africa, Key Players, Technology

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

Share

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

Share

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

Share

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

Share