Microenterprises play an important role in emerging economies and their journey towards financial inclusion, but their growth has been hampered by a a funding gap of up to US$2 billion, [ … ]
Tag: Underbanked
Mobile money reduces cross-border transfer costs
Mobile money is a safe and affordable option for international remittance for millions of migrants worldwide. This is according to a report recently issued by the GSMA entitled, ‘Driving a Price [ … ]
Advancing financial inclusion – CGAP
CGAP is a group of leading organisations with the goal of advancing global financial inclusion. Each year it releases a report documenting its progress and activity over the previous fiscal [ … ]
The world’s least banked
A recent report by Capgemini found that 39% of the global population are still without a bank account. Of these unbanked, 15.6 million adults and 7.6 million children are in the USA. [ … ]
Mobile money boosts Sustainable Development Goals in Africa
The GSMA has recently published a report addressing the impact of mobile money, mobile connectivity and IoT on the 17 Sustainable Development Goals set by the UN last year. Below [ … ]
International Remittances via Mobile Money
The GSMA recently released an infographic showing the importance of international remittance and the potential of mobile money for these transactions. “International Remittances: The fastest growing mobile money product by volume – up [ … ]
Africa reaches half a billion mobile subscribers
Africa, the continent housing mobile money’s biggest success stories, has reached the half a billion mobile subscriber mark, according to the latest annual GSMA mobile economy report on the region. [ … ]
Is mobile money key to financial inclusion?
“The United Nations has, jointly with the World Bank and the World Economic Forum, launched a commitment for Universal Financial Access by 2020.” A recent article by the WE Forum [ … ]
Big data: the necessary development for smallholder lending
Lenders must obtain more individualised and context driven data for rural smallholder credit schemes to be successful. And with current developments in ‘alternative data’, and ‘data science’, new methods of [ … ]
The month of microfinance.
April has been declared the ‘month of microfinance’, according to the global grass roots movement of the same name, or MoMF. The community was started to foster nuanced conversations regarding [ … ]
