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The Potential of Cell Phone Banking
Wondering if cell phone banking can reach the unreachable? CGAP Technology Blog has published the results of a discussion with Daryl Collins (co-author of Portfolios of the Poor) and Olga Morawczynski (of Grameen Foundation) from June’s Mobile Money Summit, an examination that highlights some of the keys to effective cell phone banking. Blog author Mark Read more…
Tagged biometric technology, biometrics, Cell phone banking, Cell Phones, CGAP, cgap technology blog, Grameen, Grameen Foundation, Insurance, Kenya, Loans, M-banking, M-PESA, Malawi, Mobile Banking, Mobile Phones, Opportunity International, Opportunity Kenya, Opportunity Malawi, Portfolios of the Poor, Portfolios of the Poor: How the World's Poor Live on $2 a Day, Professional training, Savings, Technology, Training
Chicago Microfinance Conference: Can Technology Innovations Transform Microfinance?
At the 6th Annual Chicago Microfinance Conference on Friday, a panel of experts explored the possibilities and pitfalls of ever-changing technology in the microfinance industry. Moderator Preeth Gowdar, Kellogg School of Management, led the session entitled “Getting ‘Techy:’ Can Technology Innovations Transform Microfinance?” Gowdar started out with a story about when he was working in Read more…
Tagged Cell phone banking, CGAP, Chicago Microfinance Conference, Cloud technology, Conference, Expert, George Conrad, Grameen, Grameen Foundation, Intern, John McMahon, Kiva, Microfinance, Mobile Banking, Mobile Phones, Opportunity Rwanda, Rural banking, SalesForce, Sarah Rotman, Scott Bellows, Technology
Gates and Mastercard Foundations Partner with Opportunity International
In an effort to reach people living in poverty in rural areas, Opportunity International has researched and implemented new products and platforms such as mobile banking, savings services, agricultural finance, cell phone banking, education finance and much more. Because they believe in Opportunity International’s innovative model, The Bill & Melinda Gates Foundation and The MasterCard Foundation Read more…
Ask a Microfinance Expert: M-Banking
The microfinance landscape has changed because of the advent of mobile phone banking technology. With the simple use of a cellular phone, Opportunity clients can check their account balances, transfer money between accounts, send money to other people, pay bills, receive salary or government payments, and buy airtime. If the people cannot come to the Read more…
Tagged IGP Learning Network, Mobile Banking, Mobile Phones, Rural banking, SEEP Network, Technology
The Power of Mobile Money
The microfinance world was buzzing this week about the latest edition of The Economist (9/24/09), which features a special report on the “power of mobile money.” According to Jeffrey Sachs of Columbia University’s Earth Institute, the mobile phone has become “the single most transformative tool for development.” A number of innovative uses for the phone Read more…
Tagged Africa, Economist, G-Cash, Information and communications technology, Kenya, M-banking, M-PESA, Malawi, Microfinance, Mobile Banking, Mobile Phones, Opportunity Kenya, Philippines, Safaricom, Smart Money, Tanzania, WIZZIT
