MICROCAPITAL BRIEF: Grameen Foundation, Ideas42 Seek to Influence Mobile Money Behavior in the Philippines

Two US-based nonprofits, the microfinance-oriented Grameen Foundation and the behavioral design firm ideas42 recently launched a partnership to support financial inclusion in the Philippines by implementing a combination of behavioral science principles and digital financial services provided through mobile phones.

MICROCAPITAL BRIEF: Alibaba’s Ant Financial Raises $4.5b from Investors Including China Life, China Post Group, China Development Bank Capital, Primavera Capital Group to Expand Services in Rural Areas

Ant Financial Services Group, an online lender affiliated with Alibaba Group Holdings Limited, a Chinese e-commerce company, recently completed a Series B equity raise of USD 4.5 billion.

MICROCAPITAL BRIEF: Equity Bank, Ingenico, Tracom Enable Cashless Transfer Doorstep Money System for Government Payments in Kenya

Ingenico Group, a French electronic payment company, recently partnered with Kenya-based microfinance software company Tracom and Kenya-based Equity Bank, to create a system to facilitate the use of cashless money to pay “parking, land rates, business permits and market stall fees.” With this new system, “County agents, equipped with Ingenico wireless smart terminals with a specific Revenue Collection application, can now simply collect payments when arriving at the business premises.”

MICROCAPITAL BRIEF: ADA, formerly known as Appui au Développement Autonome, Belgian Raiffeisen Foundation, CERISE Launch Interface Integrating SPI-4, MFI Factsheet on Microfact Website

ADA, formerly known as Appui au Développement Autonome; Belgian Raiffeisen Foundation; and Comité d’Echange, de Réflexion et sur les Systèmes d’Epargne-Crédit (CERISE) recently partnered to integrate the Social Performance Indicators 4 (SPI-4) and MFI Factsheet programs, which can be accessed through Microfact, an online platform that offers tools and workshops intended to improve the performance of microfinance institutions (MFIs).

MICROCAPITAL BRIEF: Kreditech Raises $104m from Amadeus, International Finance Corporation (IFC), Peter Thiel, Previous Investors for Monedo Online Lending Platform

Kreditech, a German financial technology company, recently announced that it raised EUR 10 million (USD 11.2 million) as part of its Series C funding round from the International Finance Corporation (IFC), a member of the US-based World Bank Group, to invest mainly in its Monedo platform, which provides on-line banking products to consumers in both emerging and developed markets.

MICROFINANCE PUBLICATION ROUND-UP: Mobile Money in Africa; Doing Business in Kyrgyzstan; Digitalization of Kenya’s Premier Credit

“Mobile Money Momentum in Four African Countries;” published by CGAP (Consultative Group to Assist the Poor); December 2015; 101 pages; available at: http://www.cgap.org/news/new-data-cgap-sets-benchmark-use-mobile-financial-services

MICROFINANCE PUBLICATION ROUND-UP: MFI Client Satisfaction and Consumer Protection in Peru; Mobile Microfinance Users Predicted to Triple by 2020; Mobilizing Savings Through Agency Banking

“Voice of the Client: An analysis of client satisfaction and consumer protection across four microfinance institutions in Peru,” by J. Foelster, A. Pierantozzi, M. Pistelli; published by the Microfinance Information Exchange (MIX) in collaboration with Hivos People Unlimited; February 2016; 31 pages; available at: http://www.themix.org/sites/default/files/Voice%20of%20the%20Client%20Peru_0.pdf

MICROCAPITAL BRIEF: Telenor Pakistan Acquires Additional 49% Equity Stake in Tameer Microfinance Bank, Bringing Its Ownership to 100%

Telenor Pakistan, a subsidiary of Norway-based telecom provider Telenor Group, recently bought additional shares of the Tameer Microfinance Bank, a Pakistan-based provider of microfinance services, increasing its stake from 51 percent to 100 percent.

MICROCAPITAL BRIEF: CAF Development Bank of Latin America to Promote Billetera Movil (BIM) of Asociacion de Bancos del Peru (ASBANC)

CAF Development Bank of Latin America, a Venezuela-based multilateral financial institution formerly known as the Corporacion Andina de Fomento, recently announced that it will support the Asociacion de Bancos del Peru (ASBANC) Financial Studies Center, a Peruvian-based trade organization with 23 members, by promoting its Billetera Móvil (BIM) digital payment system through financial education and other services.

MICROCAPITAL BRIEF: GSMA Launching “Connected Women Commitment” to Extend Mobile Money, Internet Usage Among Women

The GSM Association (GSMA), a coordinating group for telecoms operating under the Global System for Mobile Communications (GSM) standard, recently announced that it and its members are launching the “Connected Women Commitment” with the goal of lessening the “mobile gender gap” [1].

MICROCAPITAL BRIEF: Stellar, Oradian Set Up Payment Transfer Network Among Rural Nigerian Microfinance Institutions

Stellar, a US-based nonprofit technology provider, and Oradian, a Croatia-based software developer serving financial organizations in West Africa, are setting up a “payment transfer network” to connect rural Nigerian microfinance institutions (MFIs).

MICROFINANCE EVENT: “Mifos Tech Days 2016 – Innovation for Innovators” to Examine Implementation of Open Source Microbanking Information System Mifos, March 8-11, 2016, Amsterdam, Netherlands

Event Name: Mifos Tech Days 2016 – “Innovation for Innovators”

Event Dates: March 8-11, 2016

Event Location: Volkshotel, Amsterdam, Netherlands

MICROCAPITAL BRIEF: Visa, China Foundation for Development of Financial Education, China Foundation for Poverty Alleviation to Promote Financial Literacy, Education

Visa Incorporated, a US-based payment technology company, recently announced partnerships with two organizations to promote financial inclusion in China: the China Foundation for Development of Financial Education (CFDFE), which is affiliated with China’s central bank, and the China Foundation for Poverty Alleviation (CFPA), a government-backed organization.