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Mobile Banking for the Unbanked – HBS

Published: June 13, 2011 Author: Carmen Nobel Executive Summary: A billion people in developing countries have no need for a savings account–but they do need a financial service that banks compete to provide. The new HBS case Mobile Banking for the Unbanked, written by professor Kash Rangan, is a lesson in understanding the real need …

Banking Via a Cellphone and a Shack – WSJ.com

By PETER WONACOTT KHAYELITSHA TOWNSHIP, South Africa—Mavis Nonkongozelo walks up to the Five Sisters convenience store here, then pulls a mobile phone from her bag and a few rands from her brassiere. She is ready to bank. With a few taps on her cellphone, the 34-year old preschool teacher connects to a nascent mobile-banking network …

Microfinance Firm Gets Fresh Round of Funding – WSJ.com

By DEEPTI CHAUDHARY OF MINT BANGALORE — In what could be pegged as a revival of investor interest in firms offering credit to the poor, micro-lender Janalakshmi Financial Services Pvt. Ltd. has raised 650 million rupees ($14.67 million) in its third round of funding from private equity firms. “Coming after a major crisis in the …

Indonesia Banks Chase Microloans – WSJ.com

Lenders See a Huge Opportunity to Expand Reach and Boost Earnings By ERIC BELLMAN SUBANG, Indonesia—Top banks in Indonesia are rapidly rolling out hundreds of microlending branches across the archipelago in the latest push by financial institutions to expand their reach—and boost earnings—by serving the less affluent. Microfinance services usually are handled through charitable groups, …