Last week, we introduced informal savings groups and their benefits. In this post, we’ll discuss how mobile phone technology can optimize the intrinsic benefits of a savings group through mobile money, innovative cash management applications, and increased communication.… 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 many different opportunities available for mobile and information communication technology innovators, including incubators, market growth, and improvements in infrastructure.… read more
This week, we’re focusing on headlines in mobile tech innovation and that opportunities that are making it easier to innovate in Africa.… read more
Mobile money’s increasing prevalence in Africa is spurring conversations, support for accompanying innovations, and larger efforts for financial inclusion.… read more
2012 is going to be a big year for mobile money and financial inclusion. Below we highlight a few of the stories describing the increased adoption of mobile money (beyond Kenya) and the continued growth of financial inclusion and other benefits offered through mobile phones.
- Part 1: Leveraging Mobile Ubiquity at the BoP
- Part 2: Examples of Mobile Money Transactions
- Part 3: Examples of Information Exchange
Social Capital – Networking and Participation
Last week we introduced this series that will highlight the different ways mobile phones can combat poverty. This week, we will discuss the first example of a poverty-fighting mobile transaction system. Mobile money transfer services provide financial inclusion benefits for the unbanked, and are the most heralded impact of mobile penetration.
Mobile Money Transactions
In response to the slow but steady increases in smartphone adoption and data usage in Africa, developers are releasing mobile applications to increase interoperability in the mobile money industry. This week, we read about new mobile apps appearing in emerging markets that increase access to financial services. We also read about mobile Internet access throughout Africa that allows for the adoption of such services. Africa is leveraging mobile technology for social change.
At ID, we often discuss the benefits of mobile phones for those at the Base-of-the-Pyramid. Access to mobile phones is proven to increase financial inclusion and accessibility to basic goods and service. This Weekly Review examines the benefits of mobile phones specifically for migrant workers.
“Mobile phones in Africa” by Ivan Colic via Afrographique
We recently came across the blog Afrographique by Ivan Colic. Colic collects data from reliable sources like the World Bank or the IMF, and presents the information in aesthetically pleasing and easy-to-understand format. Check out … read more
This is our first post in a series on mobile technology’s proliferation and impact on the poor in emerging markets. We will highlight the players that helped create demand and the innovative ideas that continue to drive it.
Why Mobile Matters
Numerous studies have proven that connectivity increases income. For example, Robert Jensen, economics professor at Harvard, developed a study that tracked fishermen in southern India. The study found that by investing in cell phones, … read more