Retail Innovations

Results 11 - 20 of 75
Retail innovations
August 2015

Credit Information Sharing (CIS) System

CIS is a mechanism through which various lenders electronically pool and pull borrower information using centralised (credit reference bureau) databases, with the aim of addressing information asymmetry between borrowers and lenders. Left unchecked, information asymmetry often results in adverse selection, unsuitable loan products/terms, and exclusion of certain categories of borrowers from the credit market. Agriculture […]

Retail innovations
August 2015

M-Shwari Lock Savings Account

A fixed deposit feature on M-Shwari platform. The service allows customers to save a minimum of Sh500 for six months at interest rates of up to six per cent per annum. The new feature banks on the strength of recurrent customer feedback which suggested the need for a facility to instill discipline in medium term […]

Retail innovations
August 2015

M-SHWARI

M-Shwari is a dual-credit/savings product for M-PESA customers that is distinctly savings-led. It allows you to save as little as Ksh.1 and access micro credit product (loan) of a minimum of Ksh.100 any time and receive your loan instantly on your M-PESA account; while earning you interest on money saved. Customers are able to sign […]

Retail innovations
August 2015

37Coins

Without borders or barriers, 37Coins is a service that allows users to send and receive bitcoin from anywhere in the world from any mobile device with SMS functionality via a ‘gateway’ in the user’s country of origin. No internet or smartphone is required.

Retail innovations
August 2015

M-PESA

M-Pesa is the world’s most successful mobile money service. It enables users to send and receive money, top-up airtime and make bill payments through their mobile phones. Customers register for the service at an authorized agent. To get electronic money onto their phones, the user visits a cash-in/cash-out agent and deposits physical cash in exchange for electronic […]