M-PESA

mifos microfinance softwareMifos reaches Next Level in Social Transparency, Client Connection and Mobile Transactions Grameen Foundation today announced the release of Mifos® 2.0, an innovative new version of its award-winning management information software (MIS) for microfinance.  It will be available to microfinance institutions (MFIs) as a cloud service or on-premise system starting December 21, 2010. Mifos 2.0 [...]
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mobile money transfer indiaBy Ignacio Mas-Ribo , Deputy Director, Financial Services for the Poor, Bill and Melinda Gates Foundation Think about how hard it must be for a poor, undereducated person to get her head around mobile money. She is likely to be new to banking, and may never have used her mobile phone for anything other than talking into. [...]

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Only 4 million Kenyans have bank accounts. But 10 million people in the country now use the M-PESA money transfer service. This short video by CGAP shows how mobile money is changing the face of banking in Kenya and it’s implications world wide. About M-PESA M-PESA (M for mobile, pesa is Swahili for money) is [...]

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  3. Tata Indicom and Mchek receive grants for Mobile Microfinance from GSMA
  4. Nokia and Yes Bank launch pilot Mobile Money Services in Pune

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The economist had a special issue on mobile money in the developing countries -Dated September 24th,2009
Given below are some excerpts and links to the articles.
The power of mobile money
Mobile phones have transformed lives in the poor world. Mobile money could have just as big an impact
Once the toys of rich yuppies, mobile phones have [...]

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