News Archive - Page 338 of 366

Recent Developments, <br /> Key Innovations, and <br /> Insightful Reports

Recent Developments,
Key Innovations, and
Insightful Reports

Your One Stop Platform for Regular Sector Updates

Sector news

Democracy in development – Update on mobile technology in development

These are two-part blogs which talk about how mobile phones are enabling people in the developing world to access banking services and obtain life insurance, and how they also help NGOs extend resources and aid to those in need. Read them here and here.

August 6, 2012

India: Mobile banking transactions rise five-fold

According to the Central Bank of India, the RBI, banking through mobiles increased five-fold to ` 11.406 billion between January and May compared with the same period a year ago. Read more here.

August 6, 2012

Uganda: 43 per cent of people use mobile money transfers

According to a research by the US-based research group Gallup Inc., called “Payments and Money Transfer Behavior of Sub-Saharan Africans”, Uganda is second to Kenya in the number of people that use mobile money transactions compared to other money transfer modes in sub-Saharan Africa. Read more here.

August 6, 2012

Mobile payments on rise in Mekong region

Viet Nam was the ninth biggest beneficiary of remittances last year with $9 billion. At the two-day Greater Mekong Mobile Payments and Banking Summit, Than Trong Phuc, managing director of DFJ VinaCapital predicted that non-cash commerce will have great opportunity in the future, and aims to reduce cash payments to […]

August 6, 2012

Using Credit to Grow Savings: Results from a Mobile Pilot in Kenya

This report reviews Jipange KuSave (JKS), an innovative savings product delivered through the mobile channel in Kenya. It evaluates the hypothesis that financial services could be sold with little or no human contact. It also analyzes whether the project represented a good use of donor funding. Read it here.

August 6, 2012

Driving Change Through Technology: The Postbank Example

This case study describes how Postbank, Kenya, adopted new technology to move from using an antiquated passbook system to using cards and point of sale devices. It also highlights the internal cultural change that Postbank went through in the process. Postbank had to professionalize within while also facing increasing competition […]

August 6, 2012

Brazil signs rural internet agreement with Huawei

Brazil’s Communications Minister Paulo Bernardo, and Huawei do Brasil president Veni Shone, have signed a statement of commitment to develop new technology for the use of the 450 MHz frequency range. This will provide easier internet access to people in rural areas and small towns. Read more here.

August 6, 2012

Kenya: ICT Board loans Sh27 million for Pasha Centres

The Kenya ICT Board has loaned out Sh27.95 million to 26 entrepreneurs from different constituencies in Kenya in an effort to roll out electronic facilities named Pasha Centres which are hubs that provide a host of services to the public via internet-connected computers or other ICT-enabled applications at the grassroots […]

August 6, 2012

Vodacom Tanzania to focus on rural expansion

In Tanzania, while the mobile penetration is well over 80 per cent in urban areas, it is still about 25 per cent in rural areas. The new managing director of Vodacom in Tanzania plans to change this by expanding services to the rural areas. Read more here.