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China’s top five banks offer free mobile money transferring service
China's five biggest lenders announced to waive fees for money transfer services through mobile banking system and give a free allowance of 5,000 yuan via online banking transfers starting from today.
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- Uncategorized
- Region
- Asia Pacific
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- mobile finance
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Is more funding the answer to Pakistan’s struggling microfinance sector?
Microfinance is a booming industry in neighbouring India and Bangladesh, but has had a slower rise in Pakistan.
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- Uncategorized
- Region
- South Asia
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The ‘Bank Of Bill Gates’ Enters a New Era
Bill Gates doesn’t like to dither. Just seven years after his philanthropic Bill And Melinda Gates Foundation cofounded an organization committed to the financial inclusion of the world’s 2.5 billion unbanked people, it now stands on its own, independent of any government and self-reliant for core funding.
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Viewpoint: What is Driving Africa’s Low Insurance Coverage?
It has been established that only about five per cent to six per cent of Africa’s estimated 800 million people, excluding South Africa, has access to insurance services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- insurance
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Where Ideas for Social Enterprise Take Wing
A graduate from Oxford University, Manas Nanda's dream was to make a social change. He found his way back to his roots by starting 'Harvest Wild', a social enterprise, with an aim to create livelihood opportunities for people living in remote forest areas in India. It was at IIM-Bangalore's incubation cell, NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), where his idea of bubble nut wash was mentored.
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- Uncategorized
- Region
- South Asia
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The Hard Facts on ‘Soft Data’: Determining risk for loan applicants without credit scores is more than a numbers game
Research has shown that judging creditworthiness based on a single number can shortchange lenders as well as borrowers, and that a more comprehensive picture based on “soft information” as well as numbers can serve as a firmer basis for judging risk of default. This is good news for small borrowers – and it represents a promising new direction for those seeking to lend to them.
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Microfinance Clients Make Their Voices Heard: New research reveals their thoughts on how they’re treated by providers
The Smart Campaign has released the results from its Client Voices project, a four-country research investigation that directly asked clients about their experiences with financial providers and their thoughts on what constitutes good and bad treatment. The project features research from Georgia, Peru, Benin and Pakistan, based on face-to-face conversations with thousands of lower-income microfinance clients.
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- Uncategorized
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Bengaluru Is Achieving What Many Regions Could Not: Stanford Business School Dean
Stanford university’s Stanford Graduate School of Business (GSB) counts numerous Silicon Valley entrepreneurs among its alumni, including Sun Microsystems co-founder Vinod Khosla. In 2013, Stanford GSB launched its Ignite programme for entrepreneurs and innovators, with Infosys’s Bengaluru campus acting as the host facility. Its Dean Garth Saloner was in India recently to explore the possibility of finding a facility host for The Stanford Institute for Innovation in Developing Economies (Stanford Seed). Saloner spoke to Forbes India about the importance of the entrepreneurial process and why Bengaluru has managed to create an enviable startup ecosystem.
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- Uncategorized
- Region
- South Asia
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