This report by the Digital Innovation in Healthcare outlines the facts that given the technology boom, digital innovation has the potential to address the three primary challenges of healthcare – rising costs, uneven quality and inadequate access. Read more here, and read the report here.
The Burundi Commercial Bank and the east African country’s Telecommunications Company (ONATEL) recently launched a mobile money service in the country called Mobicash. Read more here.
To compete with bigger banks, rural banks in Philippines will soon have tele facilities. In association with tele-coms, the banks will use relevant applications, enabling them to expand their microfinance networks. Read more here.
There is a new wave of start-up companies which are building technology enabled platforms, the primary goals of which is to bridge the communication gap between the borrowers and the lenders in the Indian microfinance industry. Read more here.
According to Bangladesh Bank Governor, Dr Atiur Rahman, m-banking services, introduced by 14 of the country’s leading commercial banks, make a monthly transaction of BDT 10 billion on an average. Read more here.
According to experts, there is massive potential for the adoption of mobile money in the Middle East. According to experts, while the better off economies of the west are taking time to adopt it, emerging markets have been swift in adopting this method. Read more here.
In India, 95 per cent of the population uses mobile phones. Banking transactions in India through mobile phones stood at INR 910 million in May 2011, and at INR2.86 billion in May 2012. Read more here and here.
Mobile money’s first successful stint was seen in Kenya with Safaricom’s M-PESA. Similar successful trends were followed in many East African countries. However, there are other developing countries in the world which could use the financial inclusion benefits of mobile money, but uptake has been low due to low enthusiasm […]
Vox Telecom has rolled out the country’s first Ka-band satellite service which will be instrumental in achieving high and reliable internet speeds. Although the service is meant to provide internet back up for urban users, according to Vox Telecom, their first priority is to provide much needed primary, high-speed and […]
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