Financial inclusion is a key component in reducing poverty in emerging markets. To successfully provide financial services to all, it important to reflect on the performance of financial products and services, their impact to date, and to identify trends that will affect the future of the sector. Eight trends that will impact financial inclusion in 2015 by John Ownes on AFI The use of digital financial services has been, and will continue to be, one … read more
Mobile money and mobile banking have created a revolution in financial services for the unbanked population, but the potential for mobile technology doesn’t end there. Below are recent articles highlighting how mobile technology can be leveraged to create innovative solutions aimed towards the development of emerging markets.
Mobile for Smart Solutions: How Mobile can Improve Energy Access in Sub-Saharan Africa by Helene Smertnik on GSMA
Given our interest in agricultural technology, we are always interested to hear about new advancements in the space. The following articles describe a wide range of recent developments that will impact the ag tech sector now and in the years to come.
Agtech Company aWhere To Launch Crowdfunding Campaign on AgFunderby Samantha Hurst on Crowdfund Insider
Following up on our portfolio company OnFarm’s successful AgFunder campaign, in which the ag tech firm … read more
With our interest in technology in emerging markets, we are always interested in new ideas to increase Internet access. Check out some of these innovative approaches to increasing the efficiency and scope of Internet access in the developing world.
The Small Brick-Shaped Device Can Help Get Millions of Africans Online by Adele Peters on Fast.Co Exist
Remittances and mobile money have played a big role in promoting financial inclusion in emerging markets. Currently it’s a market dominated by big players like Western Union, but more and more often we’re seeing localized startups like Remit in Uganda looking to make financial services even easier and more inclusive.
“Safaricom Deal to Allow Diaspora to Send Money to M-Pesa Accounts” by Chris Udemans on HumanIPO
The growth of mobile technology has had … read more
With mobile technology as one of our key investment themes, mobile money has been exemplary in defining the impact that mobile can have on access to finance for both individuals and organizations. Here’s what we read this week on the latest news in mobile money.
Mobile Money Transforms Kenyan Banking Market from Mobile Payments Today
As one of the best examples of successful mobile money adoption, 64% of Kenyans now actively use their mobile phone … read more
After nearly a decade of increases, GDP growth in Latin America slowed from 4.4 percent in 2011 to 3.2 percent in 2012 and 4.0 percent in 2013. Despite slowing growth, Latin American countries are still innovating and embracing new ICT. We are always looking for start ups and innovators to bring technology to Latin America.
‘Colombia will be 1st country in Latin America completely connected to internet:’ Santos by Daniel Freeman on Colombia Reports
Recently, … read more
Developing countries received over $400 billion in remittances in 2012 according to a World Bank (see our infographic on remittances here). This is a great example of how mobile money has changed the way people send money by making it easier and safer. This week, we read many stories detailing both progress and challenges in the sector. We are always looking for innovative entrepreneurs that piggyback on the success of mobile money to provide … read more
With the upcoming GSMA Mobile for Development Summit, we focused our weekly reading on mobile money and technology. Mobile money has become a mainstream service for MNOs in emerging markets posing both benefits and risks. We are always looking for innovators and startups that can piggyback on these innovations to promote financial inclusion at the bottom of the pyramid.
Mobile money transforming Africa by Arthur Goldstruck on Mark Lives
Since the first mobile payments … read more
We are always researching the latest innovations in mobile technology for potential investments for the BSP Fund. Here are some of the stories that caught our attention in mobile technology and mobile money.
How can financial services work best for the poor? by Anna Scott on The Guardian
In order to develop a service that effectively serves a poor population, it is necessary to consider their needs. The product should be designed around the … read more
We are always looking for our next BSP Fund investments and researching the latest innovations in the mobile tech and agriculture sectors. Here are some of the stories that caught our interest this week.
Digital Farming- New App to Help Horticulture by Agatha Ngotho on The Star
A new app has been developed in Kenya to help over 50,000 farmers with data management. The Farmforce software is designed to help farmers manage and file the … read more
Ag tech startups and innovation continue to make headlines around the world. Here are this week’s stories covering our exciting new sector focus.
“(Nearly) Unlimited Food” by Ramez Naam on The Huffington Post X Prize Blog
One of the main reasons why we have increased our focus on ag tech is the potential for impact on food production and hunger. Demand is rising with population growth and so are food prices. Accordingly to … read more
It’s no secret that the agriculture space is a hot sector. At ID, we’re finding many opportunities that leverage mobile and information technology to improve efficiency for the small farmer. This Weekly Review features stories on the collaboration of technology and agriculture around the world.
“Unleashing Ugandan Farmers’ Potential Through Mobile Phones” by Kyla Yeoman on Global Envision
MobiPay Kenya has developed a unique application designed with small African farmers in mind. AgriLife… read more
Since the GSMA’s Mobile World Congress is next week, it’s only fitting that this week’s Weekly Review focuses on mobile for development news.
Video: Exploiting Opportunities for Mobile Money in Untapped Markets – NFC & MMS 2012 on Mobile Money for the Unbanked GSMA
We’re attending MWC next week, and we’re particularly looking forward to the discussion about NFC applications in emerging markets. NFC is near-field communication technology that allows for simple, fast, and secure … read more
Today we’re featuring news on tech startups and entrepreneurs in emerging markets.
“Novel Energy Storage to Chill Milk in Rural India” by Martin LaMonica on MIT Technology Review
Our portfolio company Promethean Power revealed good news last week: after years of technology iterations and a move to India, Promethean signed a contract with Hatsun, India’s largest private dairy, for 50 rapid milk chillers. This comes along with a new joint venture and a … read more
From agriculture to broadband, payments to people, mobile technology continues to impact every facet of Africa’s burgeoning economic growth.
“Africa: Raising the Bar on Agricultural Innovation” by Wendy Atkins on All Africa
An increasingly interesting area for us is agriculture. Mobile technology innovation has lots of applications and benefits, and more frequently experts are looking to it to solve the world’s food production gaps, especially in Africa. From the GSMA, to governments across … read more
This week in the blogosphere, we found several stories that evidence exactly what makes Kenya so unique.
“Connected tech communities and competitive advantage: the Kenyan way” by Erik Hersman on White African
Erik Hersman, one of the leaders in the Nairobi technology community, writes on the differences among the major technology hubs in Africa: Kenya, South Africa and Nigeria. Each region is unique in its own way: Nigeria has the most people while … read more
The growing adoption of mobile phones continues to spur innovation throughout Africa.
“CCK Sector Statistics Report – 4th Quarter 2012” on iHub
The Communications Commission of Kenya (CCK) releases quarterly reports on the use and growth of information and communication technologies. iHub provides a short summary of the key statistics relating to mobile phone subscriptions and data and internet use. Now 75% of Kenyans have a mobile phone subscription; 36% have Internet … read more
Telecoms and mobile phones have changed the way organizations interact with customers at the base of the economic pyramid. This week, we’re sharing stories on the impact they’ve had on common challenges across sectors in emerging markets.… read more
From mobile developers to telecoms to the hardware itself, the mobile technology sector continues to make exciting progress in India, Africa, and Latin America.… read more
We recently wrote about the rapid uptake of mobile broadband and its expected journey toward revolutionizing the digital divide in sub-Saharan Africa. Kenya, in particular, shows signs that mobile broadband is the key to increasing Internet access and ICT sophistication. In this post we’ll share the stats and driving forces behind mobile broadband’s success in Kenya.… read more
Today, there are over 60 million mobile cellular subscriptions in Africa – an astounding increase from less than 5 million ten years ago. Unlike anywhere else, mobile phone subscriptions quickly leapfrogged over fixed landline subscriptions, some calling it “The Death of the Fixed Line.” Similarly, mobile broadband is experiencing a much faster uptake than fixed broadband. In this post, we discuss the policy, infrastructure, and accessibility considerations that have allowed mobile to be … read more
Every week, we read dozens of articles on our favorite industry trends that relate to our investment thesis. We pick the most popular trend from the week and share the top articles along with our thoughts.
This week, we’re covering the headlines on the mobile phone’s continued boom in developing markets.… read more
At Invested Development, we frequently herald the impact that mobile technology can create for the underserved in their daily lives. Mobile technology, specifically information and communication services, has also dramatically increased the effectiveness of disaster relief services. Having access to information and communication greatly helps those affected by natural disaster and those who are trying to help. There is an opportunity for innovation to increase the impact that ICT and mobile technology has on people … read more
Every week, we read dozens of articles on our favorite industry trends and relate to our investment thesis. We pick the most popular trend from the week and share the top articles along with our thoughts.
This week, we read about the work that organizations and businesses are doing around the world to enhance, promote, and leverage the benefits of mobile.… read more