Category Archives: India
What’s Next for Mobile Money?
In recent years, mobile money has attracted sustained attention in ways that few other mobile services have. And for good reason: from East Africa to Pakistan, the Philippines and elsewhere, mobile money services are growing and diversifying into fields such as savings and insurance. Kenya-based M-PESA remains the global leader, and the benefits from increased
Waking up mobile money’s missing user base
Hannes van Rensburg (Founder Fundamo) discussing on “Waking up mobile money’s missing user base” In the decade since the first mobile financial service (MFS) deployment, several high profile successes have ignited the industry’s imagination and confidence. Delivering financial services via the mobile phone is not only possible, but can be a triumph. While a handful
‘Maximizing Mobile’ Report Highlights Development Potential of Mobile Communications
July 17, 2012 The new World Bank study says that about three-quarters of planet’s population now has access to a mobile phone. Around three-quarters of the world’s inhabitants now have access to a mobile phone and the mobile communications story is moving to a new level, which is not so much about the phone but
RBI Governor launches Adhar enabled Kissan Credit Cards and Core Banking Network for Rural Cooperative Banks
Mumbai: Dr. D. Subba Rao, Governor, Reserve Bank of India today launched Adharenabled Kissan Credit Cardsand Core Banking Network for Rural cooperative Banks at Mumbai today. Dr. Subba Rao was delivering a lecture on “Agricultural Credit – Accomplishment and Challenges” organised by NABARD on the occasion of its 30th anniversary. The KissanCredit Cards were distributed to 9 farmers who had account with Narmada Grameen Bank.
India Mobile Subscriber base reaches 929.4 Mln, MNP requests cross 50 mln [May’12]
Although, the growth in mobile subscriber base has slowed down considerably over past few months, May 2012 saw a healthy growth after dismal April figures. According to the TRAI report for May 2012, India added 8.35 million new subscribers taking the overall mobile subscriber base in India to 929.37 million. Here is a look at monthly
MOVING BEYOND LIP SERVICE – MOBILE WALLETS & UNDER/UNBANKED –
Everyone and their uncle are tripping over themselves in a race to launch a mobile wallet or at least talk about an intent to produce one in time. Judging by the number of initiatives out there (or soon to be), it would seem that unbeknownst to me, there is a direct correlation between kickstarting adoption
Soon, send money order from your mobile – #indiapost
The postal department has entered into a partnership with state-run telecom company BSNL to provide money order service using mobile phones. “The Department has signed an agreement with BSNL for providing money remittance through mobile phones,” Department of Posts (DoP) said in an official statement today. As per the pact, BSNL has been provided with
Mobile Payments: What Global Lessons can we bring back to the U.S.?
We will be providing Hors D’Oeurves and drinks at this event. 6:30-7:00: Registration and networking with Hors D’Oeurves and drinks. 7:00-7:30: mPay Connect welcome and setting up discussion 7:30-8:30: Panel discussion and Q&A 8:30-9:00: Networking The Early Bird Ticketing special ends July 15. Tickets have sold out at every previous event, so purchase your tickets soon.
E-payment edge for rural nations
Ms Cairns: Mobile contactless payments are rising in areas like Africa with poor infrastructure WHEN one looks for the future of digital payments, it’s natural to look at advanced economies. The new innovations, however, are happening in rural parts of the world, according to MasterCard president of international markets, Ann Cairns. Countries like the US and
Microfinance in the Slums of Mumbai
I began work at Swadhaar FinServe during the very hectic collections week, the designated dates of each month when the loan installments of all 80,000 active clients are due. While some clients choose to pay their installment by visiting a local Swadhaar branch office, many opt to have their loan officer (LO) make a scheduled
