Category: Technology

MICROFINANCE EVENT: NpM Platform for Inclusive Finance, ING Present “A Billion to Gain?” Conference, September 3, 2014, Amsterdam, Netherlands

Event Name: “A Billion to Gain?”

Event Date: September 3, 2014

Event Location: Eye Film Institute Netherlands, Amsterdam, Netherlands 
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Written by Comments Off on MICROFINANCE EVENT: NpM Platform for Inclusive Finance, ING Present “A Billion to Gain?” Conference, September 3, 2014, Amsterdam, Netherlands Posted in Events, Technology, Trends/Challenges

MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Implements Bank Verification Number (BVN) Identification System for Customers in Lagos

The Central Bank of Nigeria (CBN), the country’s central banking authority, reportedly has initiated the first phase of a nationwide identification system upgrade for bank branches in Lagos. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Central Bank of Nigeria (CBN) Implements Bank Verification Number (BVN) Identification System for Customers in Lagos Posted in Africa, Events, Regulation, Technology

MICROCAPITAL BRIEF: Egyptian Payment Platform Fawry to Facilitate Provision of Electronic Government Services

Fawry, an Egyptian electronic payment company, reportedly has partnered with the Egyptian government with the aim of improving financial inclusion and expanding payment options to an increased proportion of the country’s population through digital communication channels. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Egyptian Payment Platform Fawry to Facilitate Provision of Electronic Government Services Posted in Africa, Technology

MICROCAPITAL BRIEF: Gemalto, GSM Association to Provide Mobile Services to Support “Pan-African Mobile Health Initiative” for Mothers, Children

Gemalto, a publicly traded digital security firm located in the Netherlands, reportedly has announced its support of the Pan-African Mobile Health Initiative (PAMI), which uses mobile phones to address issues in nutrition and maternal and child health in seven African countries. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Gemalto, GSM Association to Provide Mobile Services to Support “Pan-African Mobile Health Initiative” for Mothers, Children Posted in Africa, Mobile Money, Technology

MICROCAPITAL BRIEF: Mentors International Implements Mambu’s Cloud Banking Software to Support Lending to Small, Medium-sized Enterprises in El Salvador, Guatemala, Honduras, Peru, Philippines

Mentors International, a US-based nonprofit microfinance institution (MFI) that seeks to help poor people in developing countries become self-sufficient, recently has signed on to use the banking software of Mambu, a Germany-based technology company that offers cloud-based banking solutions. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Mentors International Implements Mambu’s Cloud Banking Software to Support Lending to Small, Medium-sized Enterprises in El Salvador, Guatemala, Honduras, Peru, Philippines Posted in Deals, Technology

MICROCAPITAL BRIEF: Nigeria’s ActivEdge, SAP Africa to Launch Mobile Money Service

ActivEdge Technologies, a Nigeria-based company, and SAP Africa, the South Africa-based branch of German software provider Systemanalyse und Programmentwicklung (SAP), reportedly have partnered to offer a mobile money-transfer service to customers in Nigeria. Continue reading

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MICROCAPITAL BRIEF: Mobile Telecommunications Network (MTN) Rwanda, Kenya Commercial Bank Group (KCB), Kenya’s I&M Bank, Rwanda’s RSwitch to Offer Cardless ATM Banking Services in Rwanda

Mobile Telecommunications Network (MTN) Rwanda, the Rwandan branch of South Africa-based mobile telecommunications company MTN, reportedly has announced a partnership with Kenya Commercial Bank Group (KCB) and I&M Bank, which both offer corporate and retail banking services in Kenya, and RSwitch, an electronic payment service firm based in Rwanda, to offer cardless automated teller machine (ATM) services in Rwanda. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Mobile Telecommunications Network (MTN) Rwanda, Kenya Commercial Bank Group (KCB), Kenya’s I&M Bank, Rwanda’s RSwitch to Offer Cardless ATM Banking Services in Rwanda Posted in Africa, Deals, Mobile Money, Technology

MICROCAPITAL BRIEF: Emerge Mobile of South Africa Announces “Edge” Cashless Payment Service

Emerge Mobile, a South African mobile service company, has announced the commercial launch of its “Edge” mobile point-of-sale (MPOS) device, which can be plugged into a mobile phone to allow a retailer to accept credit and debit card transactions [1]. Continue reading

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MICROCAPITAL BRIEF: Gate Global Impact, RocketHub, United Nations, US State Department to Launch Crowdfunding Projects in Effort to Improve Access to Finance in Developing Countries

Gate Global Impact and RocketHub, US-based organizations that “crowdfund” small amounts of money online from large numbers of people, have developed partnerships with the United Nations Global Compact, a policy initiative aligning businesses committed to operating in accordance with UN human rights standards, and the US State Department, which manages the United States’ international relations and policy. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Gate Global Impact, RocketHub, United Nations, US State Department to Launch Crowdfunding Projects in Effort to Improve Access to Finance in Developing Countries Posted in Deals, Events, Technology

MICROCAPITAL BRIEF: India-based Ujjivan Financial Services Disburses Loans Totaling $166m Via Direct Deposit to Bank Accounts

Ujjivan Financial Services, a Bangalore-based microfinance institution, has disbursed local currency loans totaling the equivalent of USD 166 million, approximately 50 percent of its total loan disbursements this year, directly to customer’s bank accounts. Continue reading

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MICROCAPITAL BRIEF: Homeless International Purchases T24 MCB Banking Software from Temenos

Homeless International, a UK-based nonprofit housing consultancy and finance agency that focuses on reducing urban poverty in Africa and Asia, has purchased T24 MCB, a cloud-based core banking software platform that was developed for the microfinance and community banking (MCB) segment by Temenos Group AG, a software company based in Switzerland. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Homeless International Purchases T24 MCB Banking Software from Temenos Posted in Deals, Technology

MICROCAPITAL BRIEF: JPMorgan Chase Commits $30m to “Financial Solutions Lab”

JP Morgan Chase, a US-based investment and banking firm, reportedly has committed USD 30 million for the establishment of a “Financial Solutions Lab.” The lab will be created as a five-year project with the Center for Financial Services Innovation, a US-based nonprofit consultancy specializing in serving unbanked and underbanked consumers. Continue reading

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MICROCAPITAL BRIEF: Bank of Punjab, MasterCard Launch Electronic Government-To-Person Social Security Payment System in Pakistan

The Bank of Punjab, which is owned by the government of the Pakistani province of Punjab, and MasterCard Incorporated, a US-based payments and technology company with operations in 210 countries and territories, recently announced a “Social Security Program” to convert government assistance to individuals to electronic payments. Continue reading

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MICROCAPITAL BRIEF: Bank Indonesia Revises Electronic Money Policy, Allows Banks with $2b in Core Capital to Offer “Digital Financial Services” Via Agents

Bank Indonesia (BI), the central bank of Indonesia, reportedly has amended its electronic money regulations to allow all banks with at least IDR 30 trillion (USD 2.6 billion) in core capital to offer “digital financial services” to customers including the option for third-party agents to provide access to services in rural areas on behalf of the banks. Continue reading

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MICROCAPITAL BRIEF: Gambia Women’s Finance Association Adopts Towerplane Software to Enable Doorstep Microfinance

The Gambia Women’s Finance Association (GAWFA), a nonprofit organization in Gambia with approximately 49,000 members, reportedly has adopted software developed by Towerplane, a Spanish software company, that allows the microfinance institution to provide services outside of bank branches using mobile devices. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Gambia Women’s Finance Association Adopts Towerplane Software to Enable Doorstep Microfinance Posted in Africa, Technology

MICROCAPITAL BRIEF: Dahabshiil to Launch “E-Dahab” Mobile Money Service in Somaliland

Dahabshiil, an international money transfer business founded in Somaliland that has operations or agents in 150 countries, reportedly has announced that it is introducing a mobile money platform in Somaliland called E-Dahab [1][2]. Continue reading

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MICROCAPITAL BRIEF: Cash Application Universal of Zimbabwe Launches Mobile Money Management Software

Cash Application Universal (Cash Application), a technology company based in Zimbabwe, reportedly has released CAPU, a “Windows-based mobile money management software”[1] that allows users to manage their use of mobile money.  Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Cash Application Universal of Zimbabwe Launches Mobile Money Management Software Posted in Africa, Technology

MICROCAPITAL BRIEF: Technology Provider Orange Offering $80k Via 2014 African Social Venture Prizes, Partner Award

French telephone and internet service provider Orange is accepting applications for its 2014 African Social Venture Prizes and the Partner Award through September 19, 2014, via Orange’s “pan-African web portal,”[1], http://www.starafrica.com. Continue reading

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Written by Comments Off on MICROCAPITAL BRIEF: Technology Provider Orange Offering $80k Via 2014 African Social Venture Prizes, Partner Award Posted in Technology