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Are Loan Utilisation Checks Really Necessary? 
This note focuses on diverse financial services driven by the diverse needs of people. Typically MFIs provide working capital, which in many cases, are not used as per the stated purposes by the clients. Subsequently, this note questions the necessity of utilisation checks in microfinance...
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NextGen Mobile Wallets: The Slim Billfolds May Prove More Lucrative

Author: AnnByrd Platt
Published: July 18, 2011


Mobile wallets are often discussed, and often misunderstood, as the new way to think about payments and banking services-for both rich and poor. Mobile phones may be the only technology that is equally interesting to both ends of the economic spectrum right now. Mobile wallets are no different from any other aspect of financial inclusion .The dominant player is still usually the bank. Nevertheless, seamless cooperation amongst all players matters more for m-wallets than most inclusion efforts. And two recent announcements-a Google-Citibank-First Data collaboration and Square, a new m-wallet led by Twitter's founder Jack Dorsey-augur well for both low-income customers and retailers around the world without credit-card terminals, electronic cash-registers, and other expensive POS devices.

Tags: Electronic banking , BN99 , BN 99 , Bank led model , MicroSave , Mobile wallet , Easy paisa , EFTPOS , Stored value cards , Point of sale , POS , Prepaid cards , Eko , M-Pesa , CelPay , E-banking , M-Banking , Mobile banking , Mobile money , Branchless banking , Agent banking

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