Mobile Financial Solutions

Taking Mobile Money to the Next Level

Mobile money is a technological revolution which many emerging countries are proud of. Why? Because for once there is an area of mobility where they have lead by example and…
Mohit Bhargava
24th September 2015
Mobile Financial Solutions

Kenyan banks launch real-time interbank switch in response to mobile money

The Kenya Bankers Association (KBA) is launching a platform it calls the Real-Time Interbank Switch which it says “will create an interbank mechanism to enable interoperability across KBA members for…
Mwema Kerich
11th September 2015
Mobile Financial Solutions

Evolution from otc to wallet transactions – a case study

Hasan, while returning on his way from work goes to a mobile money agent, tells him the mobile number of his mother back in his village and hands over Rs.3000…
Anand Prakash
10th August 2015
Mobile Financial Solutions

Mobile POS: different approach for big and small retailers

It has often been advocated that mobile POS system is more suitable to small retailers and shops that were till now only accepting cash and are averse to making high…
Anand Prakash
17th July 2015
Mobile Financial Solutions

The Rise of Agency Banking in Kenya

According to the Central Bank of Kenya’s guidelines on agent banking, a Bank “Agent” means an entity that has been contracted by an institution and approved by the Central Bank…
Mwema Kerich
2nd July 2015
Mobile Financial Solutions

Financial Inclusion-No Longer an Exception!

The world is getting smaller and financial inclusion is steadily becoming a rule, not an exception. Sample this-according to The little Data Book on Financial Inclusion 2015 (TDB)released by the…
Steve Summers
2nd June 2015
Mobile Financial Solutions

Cash is still the king. Well, in India at least

According to the Reserve Bank of India (RBI), as of February 2015, India had over 20.86 million credit cards and 538.03 million debit cards-in other words, quite a bit of…
Srinivas Nidugondi
21st May 2015
Mobile Financial Solutions

Commission is no longer the key to a successful and sustainable mobile money deployment

If there is one key take away from my extensive field study for one of the top mobile money (read remittance) service providers in India, it is the eye-opening and…
Anand Prakash
13th May 2015
Mobile Financial Solutions

Achieving financial inclusion: through telecom companies becoming banks (payment banks) or the other way (MVNOs)

It is a no-brainer that banks and telecom operators are the two main players in taking financial services to the masses. Banks, by their very nature, have a role to…
Kamaljeet Rastogi
13th April 2015
Mobile Financial Solutions

Mobile payments: the year that was and will be

The many success and failures of mobile payments and related solutions witnessed so far brings home a very simple fact-one mobile-based financial solution will not cater to all markets. After…
Srinivas Nidugondi
26th February 2015
Mobile Financial Solutions

Interoperability and the mobile device

Being a relatively nascent industry hasn’t stopped the mobile money space from making headlines. And why shouldn’t it? The technology being used is advancing daily, as are the number of…
Srinivas Nidugondi
23rd September 2014
Mobile Financial Solutions

A storm is brewing in the mobile payments space

Has the concept of mobile-based payments had its moment in the sun? It isn’t the latest kid on the technology block or (arguably) the most impressive. Its potential in making…
Srinivas Nidugondi
18th September 2014
Mobile Financial Solutions

Digital Wallets – Transforming the retail experience

The way we use money has undergone a sea-change. After several false starts, financial services and mobile connectivity have forged a mutually beneficial relationship. According to industry estimates, the volume…
Srinivas Nidugondi
28th July 2014
Mobile Financial Solutions

Towards A Cash-Lite Economy

Cash is dead. Long live cash! Mobile cash to overtake physical cash by 2020 This might sound unreal, but if you think about how technology has changed the world in…
Srinivas Nidugondi
24th September 2012