Fidelity Information Services (FIS), a US-based banking and payment technology provider, has established a Financial Inclusion Lab in Bengaluru, India. Continue reading
Jumo, the microfinance unit and “mobile money marketplace” of AFB, a financial services company based in Cape Town, South Africa, recently launched a new borrower assessment service in Ghana, Kenya, Mauritius, Rwanda, South Africa, Tanzania, Uganda and Zambia. Continue reading
“Doing Digital Finance Right: The Case for Stronger Mitigation of Customer Risks;” by Katherine McKee, Michelle Kaffenberger, Jamie Zimmerman; published by CGAP (Consultative Group to Assist the Poor); June 2015; 40 pages; available at: http://www.cgap.org/publications/doing-digital-finance-right
Digital financial services (DFS), which allow the use of cellular devices to make and receive payments without travelling to a brick-and-mortar bank branch, are believed by some to be a pathway toward financial inclusion for low-income people. Continue reading
Apis Partners, a London-based private equity firm, has raised USD 157 million in investments for the Apis Growth Fund that it launched in 2014 to target technology firms working in payments, savings, investments, credit and insurance in Africa and South Asia. Continue reading
Qualcomm, a US-based semiconductor and telecommunications company, recently announced a collaboration with Project Concern International (PCI) India, a New Delhi-based branch of the US-based non-governmental organization PCI; Planned Social Concern (PSC), a microfinance institution (MFI) based in Jaipur, India; and Microware Computing & Consulting, an Indian telecommunications and software company. Continue reading
The Housing Development Finance Corporation (HDFC) Bank, an Indian financial services company, reportedly has introduced micro automatic teller machines (ATMs) in rural India to improve access to banking services in underserved areas of the country. Continue reading
Tanzania’s National Microfinance Bank (NMB) recently launched a range of debit cards including Tanzanite, targeting the mass market; Titanium, targeting the middle class; and World Rewards, targeting affluent customers. These debit cards are branded by MasterCard, a New York-based payments and technology company. As per Ineke Bussemaker, the managing director of NMB, the debit cards were launched to cater to the “evolving needs” of the bank’s customers who were “increasingly seeking faster, more secure and smarter ways to pay.” Continue reading
“Expanding Access to Finance Through Mobile Payments;” published by the Foundation for International Community Assistance (FINCA) International and The MasterCard Foundation; June 2015; 12 pages; available at http://www.finca.org/files/2015/06/FINCA-MasterCard-Case-study-2015.pdf
This case study offers suggestions for microfinance institutions (MFIs) implementing mobile technology. Continue reading
MetLife Foundation, an affiliate of the Chicago-based insurance company MetLife, recently announced the disbursement of USD 1.8 million in grant funding to Opportunity International, a microfinance NGO also based in the US city of Chicago, to support its outreach via bank branches and mobile vans in rural China. Continue reading
Event Name: East Africa Microfinance Summit 2015
Event Date: August 17-19, 2015
Event Location: Kenyatta International Convention Center, Nairobi, Kenya
Summary of Event: The theme of this conference is “Microfinance Enhancing Lives through Innovations,” and the event will focus on topics including: (1) the impact of mobile banking and agent-based banking for promoting financial inclusion; (2) the role of regulation in encouraging innovation; (3) the benefits of credit information sharing; (4) the role of youth and women in advancing social and economic development; (5) microfinance and socially-responsible enterprise; and (6) developments and trends observed in the East African microfinance industry over the past year. Continue reading
Event Name: Cracking the Nut Conference 2016
Event Date: March 1 – 2, 2015
Event Location: Enrique V. Iglesias Conference Center, Washington, DC, USA
Event Summary: Cracking the Nut 2016 will focus on three topics: (1) developing methods to incentivize small farmers to adopt “sustainable” farming practices and regenerating rural and agricultural landscapes by restoring deforested areas and depleted soils; (2) financing environmentally sustainable development; and (3) promoting investment in environmentally friendly agriculture. Continue reading
Good World Solutions (GWS), a US-based nonprofit organization that develops anonymous tools for people to report on how companies treat them, has built a mobile-based interactive voice response survey service to gather information from microfinance borrowers in India to determine whether microfinance institutions (MFIs) are following the client protection principles of the US-based Smart Campaign. Continue reading
GlobeOne, a US-based company providing a mobile platform for the provision of financial services, recently signed a letter of intent with Eximbank, a joint-stock commercial bank that is controlled by the Vietnamese government, to bring its platform to Vietnam. Continue reading
CGAP (Consultative Group to Assist the Poor), a US-based nonprofit policy and research center devoted to worldwide growth of financial access, is searching for financial service providers with whom to partner to increase customer centricity within the providers’ systems. Continue reading
MicroCapital: What can attendees expect to see at Semaine Africaine de la Microfinance (SAM)?
Frédéric Ruaz: You will find most of the sessions involve managers of several types of organizations: microfinance institutions (MFIs), public entities and private funds. In addition to fostering debate, we aim SAM to bridge practitioners with experts, South with North, and even small MFIs with large MFIs. Indeed, SAM is the largest microfinance meeting place in Africa.
MC: Is there a session that you think attendees may find particularly valuable?
FR: That is a tough question, as SAM offers such a diversity of panels. On Wednesday, July 1, the second session will focus mostly on social entrepreneurship. Continue reading
Event Name: AITEC Banking & Mobile Money Lagos 2015
Event Date: July 28 – 29, 2015
Event Location: Eko Hotel, Adetokunbo Ademola Street, Victoria Island, Lagos, Nigeria
Event Theme: Financial Empowerment through Trusted Payment Solutions
Event Summary: Now entering its eighth year, AITEC (African Information Technology Exhibitions and Conferences) Banking & Mobile Money Lagos 2015 will address issues in Nigeria’s financial services sector, including developments in payment technologies, best practices in information technology project deployment, and trends in customer service delivery. Additionally, broader themes of risk management, governance, regulation and compliance will be covered.
Oradian, a Croatian startup that provides cloud-based software for microfinance institutions in developing economies, announced recently that it has raised seed funding from various investors to scale its products across West Africa, an effort that will include expanding its team in its offices in Croatia and Nigeria. Continue reading
SimbaPay, a UK-based digital money transfer service, reportedly has announced that it has begun offering transfers to Nigeria. Continue reading