Understanding remittance networks in Gujarat, Orissa and Bihar
This research explores the remittance options currently available to Indian migrant workers in Gujarat and recipient families in rural Orissa and Bihar. It also examines the benefits of a business correspondent remittance service.
Branchless Banking And Technology Role Of Regulators
In this video Marguerite Robinson Independent Consultant discusses the success stories of branchless banking and the major obstacles faced while establishing such business model. Marguerite further elaborates the regulators’ understanding of branchless banking and their role in facilitating the roll out of branchless banking solutions. Correspondingly, Marguerite acknowledges the contribution of CGAP towards the expansion […]
In this video, Nick Hughes, Head of International Mobile Payment Solutions, Vodafone Group, talks about their product M-Pesa in Kenya- a mobile payment service which allows customers with a prepaid phone to move money between accounts. Vodafone has promoted M-Pesa as a mobile payment service that is quick, convenient and secure. He further explains the […]
Passing the buck in East Africa – Money transfers systems: The practice and potential for services in Kenya, Tanzania, and Uganda
This paper is a synthesis of a series of findings of MicroSave market research studies on how low-income individuals and small or microentrepreneurs transfer money and make payments in Kenya, Tanzania, and Uganda, the three countries comprising the East African Community (EAC). It analyses the reasons for sending money and the regulated services and other ways available to transfer money on the basis of interviews with microfinance clients as users and banks and other service providers in all three countries. Combining their perspectives with complementary research, the paper identifies gaps and weaknesses in the existing money transfer services. These gaps offer a market opportunity for new or different services, including the potential for services by microfinance institutions (MFIs)