Stripe-backed Stellar's new integration gives poor South African girls savings accounts. Mobile executive?
VB is hosting our 5th annual Mobile Summit on February 23–24 at the scenic Cavallo Point Resort in Sausalito, CA. See if you qualify here. Stellar - Public infrastructure for money. A Bitcoin-Inspired Digital Currency, Stellar, Will Power Mobile Savings Accounts for Poor Teenage Girls. Is the success of M-Pesa ‘empowering’ Kenyan rural women? M-Pesa (“M” for mobile, pesa is Swahili for money) in Kenya is one of the most celebrated success stories of information and communication technologies (ICTs) allowing poor communities to access a revolutionary bank service.
M-Pesa entails the use of a mobile phone to make immediate money transfers from town to village and vice versa, saving time and money, facilitating rapid solutions to the daily problems affecting vulnerable communities, and opening up new ways to manage the cash flow of people whose lives can be improved with very small amounts. At the national level, this technology revolution touches the lives of nearly 70% of Kenyan adults who transfer money to each other via their mobile phones. mWomen: Where Mobile Tech and Women Intersect. If you’re active on Twitter you’ve probably come across the hashtag #mWomen. mWomen is a new tagline referring to mobile tools and programs centered on the needs of women, usually those living in developing countries.
Typical mWomen projects involve: ▪ Promoting literacy and educational opportunities for girls and women through targeted SMS messages; Cellphones for Women in Developing Nations Aid Ascent From Poverty. Photo Here is what life is like for a woman with no bank account in a developing country.
She keeps her savings hidden — in pots, under mattresses, in fields. She constantly worries about thieves.