In July 2014, Bangladesh mobile money was my podcast interview topic with Kamal Quadir, CEO of bKash in Bangladesh, one of several devoted to financial inclusion in developing countries. Launched in mid-2011, bKash enables mobile money transfers on all four country telcos. 20+ other banks are … [Read more...]
Archives for Mobile Banking
Mobile banking, provided by telcos, banks and other companies, offers money transfers and other financial services primarily using mobile phones.
When Safaricom became the dominant player in mobile money transfers, after the emergence of M-Pesa in 2007, Kenyan banks supported the move while secretly developing mobile banking services of their own. 80 percent of the population on the continent had no relationship with a bank at that time. … [Read more...]
Mobile social banking may become a new slogan for worldwide bankers. Why Mobile Social Banking is Growing The workforce is constantly evolving with Millennials fresh out of college and eager to make their mark in the world. As with every generation before them, they have their own lingo, their … [Read more...]
There are close to 7 billion people on our planet, and the majority of them are not being served by traditional banking models. This is inhibiting economic growth, and furthering the divide between the "haves" the "have nots." Understanding the reasons that lead to financial exclusion is the key to … [Read more...]
Not long ago, the Center for Financial Services Innovation organized a group of people from the financial industry and took them on a field trip of sorts. The objective was to determine just how expensive and difficult it can be to be poor and living outside of the traditional … [Read more...]