Snippets of note
The fifth most important barrier to financial inclusion is individual level informality, a constraint cited by 15 percent of the unbanked population in Nigeria. Respondents who cite informality reasons for financial exclusion tend to be more educated and rurally based but do not display any greater levels of informality than the wider unbanked population. This […]
Lowering barriers: Its about access, not the device
When Vanderbeeken sent me a link yesterday about Nokia working closely with Facebook to get the next billion online, it reminded me of this crude diagram I’d constructed back when I was watching this space far more closely than I do now. Twitter and Facebook are the two big names that weren’t even on our […]
Priorities for an internet on the mobile platform for Africa’s prepaid economy
Something that Gustav Praekelt said in the news about access to no-cost information being a basic human right at the Mobile Web Africa caught my attention. There is still a gaping void in services accessible to and customized for the needs of the mass majority of mobile phone owners in the world. The next billion […]
Static income vs dynamic income
It was when attempting to clearly distinguish between patterns of cash flow in the formal vs the informal economy, using the concept of the degree of control granted to the end user over the variables of time (duration, frequency, periodicity) and money (amount, cash or kind), that it struck me what kind of difference does […]
Cashpower: prepaid electricity in Rwanda
Maarja Motus, an Estonian designer and my recent intern spent 3 weeks in Rwanda recently conducting some research on my behalf. Here’s an extract from her report on Cashpower, the Rwandese term for prepaid electricity. An electricity agent (Cashpower agent) next to Kigali market has 300 customers, only 10 of them buy for whole month […]
The Informal Economy Symposium, Barcelona on October 12th 2012
Our aim with this symposium is to explore the global scope, innovations and potential futures of the informal economy. Opening Keynote will be John Keith Hart, who coined the term “informal economy” and the day long symposium on the 12th of October will be closed by John Thackara. There will be three panel discussions, as […]
M-PESA and the service innovation framework (review)
A former student of mine just mailed me this article “Extracting Key Lessons in Service Innovation” (pdf) by S.Wooder and S. Baker, recently published in the Journal of Product Innovation Management, January 2012 edition. Here is the abstract of the article: This paper describes how Sagentia—working with Vodafone, Safaricom, and other organizations—played a significant role […]
Published! Pathways Out of Poverty by iBoPAsia Project
Innovating with the BoP in Southeast Asia. The iBoP Asia Project has published the complete set of small grants funding innovation projects for those at the Bottom of the Pyramid in the ASEAN region. One of the first projects to win the Small Grants competition in 2008 was The Prepaid Economy Project: Understanding BoP household […]
Flexibility is the key to affordability
What makes a product unaffordable to those who manage on irregular income streams from a variety of sources? Is it the absolute price that must be paid or is it the requirement that the entire amount be available upfront? Increasingly, I am reaching the conclusion that there is a link between affordability and flexibility. What […]
Airtel’s advertising in Africa
Spotted this Airtel poster in Kilifi, on the Coast of Kenya. Knowing that all of their advertising is done in Mumbai, India’s Madison Avenue, I’m curious about the amount of photoshopping this image must have required for the East African market. This post was written by niti bhan and rss originates from www.nitibhan.com
