In Africa, mobile money is fast gaining efficiency, led by Kenya’s Musoni, which is trying to bypass all use of brick and mortar offices, by digitizing all aspects of operations. Required for such radical change that encourages efficiency and reliability, requires technology and necessary support. Read more here.
Data aggregated by the Central Bank of Kenya shows that the total amount transacted by users of mobile money in Kenya increased by 50 per cent, to hit US$16 billion, or KES1.4 trillion. At the same time, the customer base of mobile money operators like M-pesa, Airtel Money, Orange Money […]
This is a new report by GSMA’s mWomen Programme, and Visa, focusing on women in Indonesia, Kenya, Pakistan, Papua New Guinea and Tanzania. This study seeks to understand how microfinance or mobile money helps with the complex financial status of women at the base of the pyramid. It was found […]
Nokia is all set to rival its competitors by introducing a new range of low cost Lumia phones, Nokia’s range of smartphones. These phones will compete with the likes of Huawei and ZTE. Read more here.
Mozilla, famous for its web browser, Firefox has launched a new smartphone operating system. The company has announced that as many as 18 carriers have committed to its Open Web HTML5 device push. A number of telephone carriers have integrated this OS in their low cost smart phones – Telefonica […]
This post talks about the potentially massive market of tablets, which will only be realised in the near future. The migration from laptops to tablets has been slow, yet steady, the number of low cost tablets in the markets, especially those in China helping to mature the market. This bodes […]
Microinsurance regulations for India are soon set to be launched. These regulations provide a framework within which insurers will be able to offer products to low income consumers in rural and urban areas. Read more here.
The Central Bank in India – the Reserve Bank of India has refused to remove a 26 per cent cap on interest rates for lending from microfinance institutions. According to the deputy governor KC Chakravarty, MFIs will stop getting bank loans with priority sector tag if this cap is removed. […]
Responding to the crisis of high interest rates, the Central Bank governor in Nepal has called upon microfinance institutions to reduce interest rates. He compared the behaviour of the microfinance institutions to that of moneylenders. Read more here.
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