Category: Technology

MICROCAPITAL BRIEF: MicroEnsure, Telenor Pakistan, Jubilee Life Insurance Company to Offer Free Life Insurance to Prepaid Mobile Customers in Pakistan

The Pakistani arm of MicroEnsure, a UK-based microinsurance intermediary, has announced the launch of “Talkshawk Mohafiz Zindagi Beema,” a free mobile life insurance service, in collaboration with Telenor Pakistan, a unit of Norway’s Telenor Group. The insurance will be provided by Jubilee Life Insurance Company Limited, a Pakistani insurance provider [1]. Continue reading

Share

MICROCAPITAL BRIEF: Micro Pension Foundation, Invest India Micro Pension Services, Visa Partner to Promote Savings by Low-Income Households in India

Micro Pension Foundation, an Indian nonprofit that helps low-income households gain access to microsavings products, and Visa Incorporated, a US-based payments technology company, reportedly are partnering to establish the “Micro Pension Financial Inclusion Lab” [1]. Continue reading

Share

MICROCAPITAL BRIEF: Airtel, Tanzania Postal Bank (TPB) Partner to Offer Mobile Banking Services

Airtel Tanzania, a subsidiary of Indian telecommunications company Bharti Airtel, and Tanzania Postal Bank (TPB), a Tanzania-based bank that provides financial services to people in rural areas who do not have access to traditional banks, reportedly are partnering to offer free mobile financial services to their customers. Continue reading

Share

MICROCAPITAL BRIEF: Aavishkaar Goodwell Invests $6m in Electronic Payment Services (EPS); 4,500 ATMs Planned for Rural India

Aavishkaar Goodwell, an Indian-Dutch joint venture that invests in development projects, reportedly has invested an additional INR 360 million (USD 6 million) in Electronic Payment Services (EPS), an India-based company that provides electronic payment systems to merchants in Asia. Continue reading

Share

MICROFINANCE PUBLICATION ROUND-UP: Microfinance and Mobile Banking, Financing Incremental Housing Improvements, Middle East and North Africa (MENA) 2012 Microfinance Snapshot

“Microfinance and Mobile Banking: Blurring the Lines?”; by Michel Hanouch and Sarah Rotman; published by CGAP (Consultative Group to Assist the Poor); 2013; 20 pages; available at http://www.cgap.org/sites/default/files/Focus-Note-Microfinance-and-Mobile-Banking-August-2013.pdf

This report presents the results from a study conducted by US-based NGO CGAP (Consultative Group to Assist the Poor) that explored the impact of mobile banking services on the microfinance market. Continue reading

Share

MICROCAPITAL BRIEF: PlaNet Finance Partners with Thaneakea Phum Cambodia (TPC), China Foundation of Poverty Alleviation (CFPA) to Implement Microfinance Risk Management System

PlaNet Finance, a France-based nongovernmental organization, recently partnered with Thaneakea Phum Cambodia (TPC), a Cambodia-based microfinance institution (MFI), and the China Foundation of Poverty Alleviation (CFPA), a China-based microfinance lender, to integrate PlaNet Finance’s new risk management system into the two Asian MFIs’ operations. Continue reading

Share

MICROCAPITAL BRIEF: Cambodian Microbank Sathapana, ElectraCard Partner to Provide ATM, Debit Card Services

Sathapana Limited, a Cambodia-based microfinance institution (MFI), reportedly has partnered with ElectraCard Services (ECS), a subsidiary of India-based Opus Software Solutions that provides electronic payment services, to provide automated teller machine (ATM) and debit card services to Sathapana customers. Continue reading

Share

MICROCAPITAL BRIEF: Ngozi Okonjo-Iweala (NOI) Poll Reveals Mobile Money Not Widely Adopted in Nigeria

A recent survey in Nigeria on the adoption of mobile money services, conducted by the Ngozi Okonjo-Iweala (NOI) Polls, an opinion polling and research organization based in Nigeria, concluded that sixty percent of Nigerians do not know what mobile money is or that it is offered in their country. Continue reading

Share

MICROCAPITAL BRIEF: Rizal Microbank of the Philippines Sets Up Eight Mobile Microbusiness Offices (MBOs)

Rizal Microbank, a Philippines-based microfinance subsidiary of Rizal Commercial Banking Corporation (RCBC) that offers microloans, deposits, and microinsurance, reportedly is spending PHP 16,000,000 (USD 367,000) to set up eight mobile microbusiness offices (MBOs) to increase microfinance services in the Philippines [1]. The MBOs, which will be made up of two container vans and run by two bank employees, will allow customers to deposit and withdraw cash and apply for loans without needing to travel to a bank branch [1]. The transactions will be cashless and done through Automated Teller Machines (ATMs) or RCBC’s “My Wallet” debit card [2].

Continue reading

Share

MICROCAPITAL BRIEF: Palestine Monetary Authority (PMA), Banking Production Centre (BPC) Banking Technologies Group Partner to Provide Electronic Money in Palestine

The Palestine Monetary Authority (PMA), the territory’s central bank, with the help of the Banking Production Centre (BPC) Banking Technologies Group, a Russia-based e-payment solutions provider for the financial industry, plans to launch a national electronic payment system in an effort to transition Palestine away from its current cash and check system. Continue reading

Share

MICROCAPITAL BRIEF: Macedonian Aspekt, Bosnian EKI Sign Deal to Implement Microfinance Software

Aspekt, a Macedonia-based computer technology company, has signed an agreement with Microcredit Foundation EKI, a Bosnia-based microcredit foundation that aims to reduce poverty in Bosnia and Herzegovina, to implement Aspekt’s microfinance software solution to support EKI’s microcredit services [1]. Continue reading

Share

MICROCAPITAL BRIEF: MasterCard, South African Social Security Agency (SASSA) Distribute 10m Biometrically Secured Debit Cards to Social Grant Beneficiaries

MasterCard Incorporated, a US-based global payments and technology company, and the South African Social Security Agency (SASSA), a government-funded organization that distributes social grant funds, have distributed 10 million active MasterCard debit cards to individual beneficiaries in South Africa, replacing cash payments. Continue reading

Share

MICROCAPITAL BRIEF: Australia and New Zealand Banking Group (ANZ), Fiserv Extend Mobile Money Services to Papua New Guinea, Samoa, Solomon Islands, Vanuatu

Australia and New Zealand Banking Group Limited (ANZ), an Australia-based bank, and Fiserv, a US-based financial services technology provider, reportedly have partnered to provide mobile money services to people lacking access to traditional financial services in Papua New Guinea, Samoa, the Solomon Islands and Vanuatu.  Continue reading

Share

MICROCAPITAL BRIEF: Beneficiaries of Jamaica’s Program of Advancement Through Health and Education (PATH) to Receive Mobile Money Payments

The Jamaican government reportedly has announced a plan to begin disbursing mobile money payments to beneficiaries of its Program of Advancement Through Health and Education (PATH), a conditional cash transfer (CCT) program established in partnership with the US-based World Bank Group that provides grants for health and education to qualified need-based applicants. Continue reading

Share