unbanked

ICICI and Vodafone offer mobile financial service to unbanked in India

January 19, 2011 - 11:05am | News | Mobile finances

ICICI Bank has entered into a partnership with a telecom company Vodafone Essar to create a joint venture that will offer mobile financial services to a huge base of unbanked consumers in India.

The companies will be providing savings accounts, pre-paid instruments and credit products through a mobile phone based platform, tapping Vodafone's 1.5 million retail points throughout the country to acquire and service customers.

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CGAP and Wizzit make mobile banking real for the poor in South Africa

April 9, 2009 - 4:59am | Banks and internet banks | News

Microfinance group CGAP established a partnership with South Africa's Wizzit Bank in a move to trial mobile banking services in the smallest towns and communities of the country. The program is targeting the major wholesalers serving more than 500 microentrepreneurs, who run small 'spaza' shops, in the township of Motherwell, where three in five people are unbanked.

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Bill Gates and GSMA care for unbanked?

February 18, 2009 - 2:52am | News | Other themes

The worldwide mobile communications industry organization GSMA in association with the Bill & Melinda Gates Foundation made an announcement about their new project to provide wider access to unbanked people in developing countries through mobile phones. The program titled Mobile Money for the Unbanked (MMU) was granted a US$12.5 million financing from the foundation.

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