How mobile money could drive financial inclusion for Pasifika women
Wednesday 15 March, 2023 | blog | Blog | Mobile for Development | Mobile Money | Mobile Money | Mobile Money Blog
For mobile money to successfully progress in the Pacific, mobile money providers (MMPs) should make a concerted effort to reach Pasifika women as they tend to be the most unbanked demographic in the region due to social norms, geographic, and economic constraints. Pacific ...
Mobile money activity rates: How other industries have boosted usage
Monday 13 March, 2023 | blog | Blog | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
This is the third of four blogs aimed at understanding the causes of low user activity rates in the mobile money industry and potential strategies on how to improve mobile money activity. The previous blog explored past mobile money account activation strategies within the ...
Mobile money activity rates: What providers can do to boost usage
Monday 6 February, 2023 | Blog | blog | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
This is the second of four blogs aimed at understanding the causes of low user activity rates in the mobile money industry and potential strategies on how to improve mobile money activity. The previous blog looked at barriers to active account usage. This blog explores ...
Limited usage: women and mobile money in Tanzania
Thursday 2 February, 2023 | blog | Blog | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
All data is derived from the 2021 World Bank FINDEX database unless otherwise stated Launched in 2008 in Tanzania, mobile money has driven financial inclusion by improving access to affordable and accessible financial services for underserved populations. Despite its current ...
Mobile money agents: Sustainability in a digital era
Monday 23 January, 2023 | Blog | blog | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
This blog focuses on insights from our series of in-country primary research-led reports on mobile money agents in Côte D’Ivoire, Kenya and Mozambique, launched between March and October 2022. Agent networks remain the mobile money sector’s backbone, digitising over USD ...
South Sudan: Mobile money’s role in the road to recovery
Friday 20 January, 2023 | Blog | blog | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
The launch of South Sudan’s first mobile money transfer services in 2019 – m-Gurush and Nilepay, both in partnership with Zain – was a key milestone in the country’s journey to financial inclusion. South Sudan gained independence in 2011 but has continued to suffer from ...
Mobile money activity rates: Exploring barriers to regular use
Wednesday 11 January, 2023 | blog | Blog | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
This is the first of four blogs aimed at understanding the causes of low user activity rates in the mobile money industry and potential strategies on how to improve mobile money activity. This blog explores barriers to active account usage. The second blog explores what ...
Mobile money in the Solomon Islands: Why Our Telekom’s launch can improve financial inclusion
Thursday 15 December, 2022 | Blog | blog | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money
By early 2023, mobile money services are expected to be launched in the Solomon Islands via local mobile network operator Our Telekom, in partnership with United Nations Capital Development Fund. This will be a pivotal moment as the population of the Solomon Islands (around ...
Mobile money as a pathway to SDG 10C: Reducing transaction costs of remittances
Friday 9 December, 2022 | blog | Blog | International Remittances | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
Remittances are a vital source of funds for migrant families in low- and middle-income countries (LMICs). Despite the global economic slowdown, remittances to LMICs reached $626 billion in 2022, according to KNOMAD’s Migration and Development Brief # 37, released in ...
Central Bank Digital Currencies: Initial policy considerations
Wednesday 7 December, 2022 | Blog | blog | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money
Money is changing form, and how we make payments is also changing. The use of cash is slowly falling in most countries, according to recent research by the IMF. The rapid innovation in the payments space has accelerated the demand for digital money. Though licensed ...
Findex 2021 data: Why mobile money is now a mainstream financial service
Friday 18 November, 2022 | blog | Blog | Mobile for Development | Mobile Money
Many industries have a publication that showcases the sector’s progress. For the financial inclusion space, there are two: the GSMA’s annual State of the Industry Report on Mobile Money and the World Banks’ Global Findex. Published every three years, the Global Findex ...
Findings from Findex: Mobile money is driving financial inclusion for women, but more work needs to be done
Monday 7 November, 2022 | Blog | Connected Women | English | Financial Inclusion | Financial inclusion for women | Gender | Global | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
This blog explores the changing mobile money gender gap across low- and middle-income countries, based on GSMA’s analysis of the latest 2021 Findex data and previous 2017 data Mobile money continues to be a driving force, transforming the financial inclusion landscape ...
Fiscal policies and mobile money sustainability: Lessons from Tanzania
Thursday 15 September, 2022 | Africa | Blog | blog | Building the financial ecosystem | Financial Inclusion | Global | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog | State of the industry and trends | Tanzania
Renowned as one of the pioneers of mobile money services, Tanzania boasts itself as having a well-controlled and governed liberal regulatory framework allowing banks and non-banks to offer financial services. This is further supported by the Mobile Money Regulatory Index ...
Mobile Money: Driving affordable and resilient international remittances at scale
Monday 11 July, 2022 | Blog | blog | English | Financial Inclusion | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog
As mobile money expanded into the mainstream and increasingly diversifies into digital finance products, crossing the $1 trillion transaction mark in 2021, remittances have become a key mobile money use case. The number of international remittances sent and received via ...
Mobile Money: The $1 trillion industry driving the financial inclusion of the world’s poor
Thursday 19 May, 2022 | blog | Blog | English | Financial Inclusion | Global | Mobile | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | SOTIR | Uncategorized
This blog focuses on insights from the 10th-anniversary edition of the State of the Industry Report on Mobile Money 2022, launched on 30th March 2022. Growth: M-PESA’s flutter in East Africa went global Over the past decade, mobile money has expanded from a niche ...
Exploring women’s and entrepreneurs’ use of mobile money in Ghana
Friday 29 April, 2022 | Africa | blog | Blog | Connected Women | Country | English | Financial Inclusion | Financial inclusion for women | Ghana | Mobile | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog | Region
This blog shares some key findings from the GSMA’s report “Exploring women’s use of mobile money in Ghana: The user journey, entrepreneurs and the impact of COVID-19”. It draws on recent GSMA qualitative and nationally representative quantitative field research in Ghana in ...
Tracking the mobile money industry 10 years on: Addressing the mobile money gender gap
Friday 29 April, 2022 | Blog | blog | Connected Women | English | Financial Inclusion | Mobile | Mobile access and use | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog | SOTIR
This blog shares some key findings from the “Addressing the mobile money gender gap” Chapter on page 60 of the GSMA’s State of the Industry Report on Mobile Money 2022. It draws on recent GSMA nationally representative field research in a number of low- and ...
The Technology Behind the GSMA Mobile Money API Compliance Verification Service
Thursday 28 April, 2022 | Blog | blog | English | Financial Inclusion | Inclusive Tech Lab | Mobile | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog | Partnership engagement
APIs are at the core of interconnected and growing ecosystems for mobile money services. They allow seamless integration between providers and third parties and pave the way for faster and cheaper developments. Today, the GSMA Inclusive Tech Lab is launching the ...
Launch of the GSMA Mobile Money API Compliance Verification Service
Thursday 28 April, 2022 | Blog | blog | English | Financial Inclusion | Inclusive Tech Lab | Mobile | Mobile for Development | Mobile for Development | Mobile Money | Mobile Money | Mobile Money | Mobile Money Blog | Partnership engagement
Today, we are launching the GSMA Mobile Money API Compliance Verification Service. Sasai Fintech with operations in Zimbabwe, Burundi and Lesotho is now compliant with the GSMA Mobile Money API specification and AfriMoney will soon deploy their compliant APIs in Sierra ...