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IFC Boosts Financial Access for SMEs in Colombia With New Loan to Banco Pichincha
IFC, a member of the World Bank Group, strengthened its support to Colombia’s small and medium sized enterprises (SMEs) with a new US$80 million loan to Banco Pichincha, a bank that strives to sharply boost its lending to Colombian SMEs and low-income students.
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- Uncategorized
- Region
- Latin America
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NexThought Monday: Why Digital Wallets Stay Empty – and Six Ways Providers Can Help
In emerging economies throughout the world, people have flocked to mobile payment solutions, whether it’s to send money home, facilitate informal business transactions or pay bills. Yet most digital accounts are empty and serve mainly as a pass-through for such payments, which limits the transformational potential of mobile money. Here are several factors which make digital accounts an illogical store of value for people with low and uncertain incomes, and six ways providers can address this issue.
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India Post to Approach RBI for Interoperability of Its ATMs by Year End
In another step towards financial inclusion, the government is planning to make 10,000 ATMs under postal services interoperable with commercial banks, allowing consumers to withdraw money directly from their bank accounts rather than restricting them to postal accounts.
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- Uncategorized
- Region
- South Asia
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Survey: Over 89 Percent of Rwandans Have Access to Finance
Rwanda has surpassed its financial inclusion targets with more than 89 per cent of adult population accessing financial services, a new FinScope survey 2016 shows.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Abu Dhabi to Welcome Global Policy Makers and Microfinance Experts at Microcredit Summit
Global policy makers and microfinance experts will convene in Abu Dhabi from March 14th to 17th to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion.
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- Uncategorized
- Region
- North Africa & Near East
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Ericsson Report: Mobile Phones Provide Fast Track to Financial Inclusion in Sub-Saharan Africa
Even as mobile money services become part of daily life for millions in Sub-Saharan Africa, many potential customers face basic barriers to accessing the services on their own mobile phones. Lack of awareness and basic prerequisites, and low appreciation of the benefits are some of the hurdles.
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- Uncategorized
- Region
- Sub-Saharan Africa
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MetLife Foundation and ‘The Financial Inclusion Challenge’ Seek Best Solutions for Financial Access Across Asia
MetLife Foundation announced today its exclusive sponsorship of the second year of The Financial Inclusion Challenge. The Challenge, sponsored by MetLife Foundation and managed by The Wall Street Journal, is a competition encouraging nonprofit and for-profit organizations to showcase programs that provide innovative, sustainable solutions for individuals and families struggling to be part of the financial mainstream. Winners will be recognized at an awards dinner in Hong Kong later this year.
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- Uncategorized
- Region
- South Asia
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Five Reasons NGOs and Social Enterprises are Going Cashless
With over 250 services deployed in 89 countries worldwide, mobile money has enjoyed explosive growth among consumers in emerging markets. But digital payments are also transforming the work of development-focused organizations, many of which are shifting their bulk payment systems from cash to digital. This post explores the far-reaching organizational and financial benefits of this approach.
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- Uncategorized
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