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Why Microfinance Loans Have Such High Rates
In recent years, microfinance—distributing small loans to the poor -- has been at the center of an intense debate about the ethics of charging low-income customers high interest rates and then making a profit from them.
- Categories
- Uncategorized
- Region
- Latin America
- Tags
- lending, microfinance
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India’s Paytm Passes 100M Users
Indian firm Paytm, whose parent is backed by Ant Financial, claimed it is the first mobile wallet in the country to pass 100 million users.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Rising Fintech Investment in Asia Suggests Room for Bitcoin Opportunities
More and more companies are tapping into the Asian market when it comes to financial technology investment, as the region has seen growth in remittances while some countries have weak banking sectors. This opens up a market gap that could make room for bitcoin opportunities later on.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Fintech firm takes biometric microfinance tool to Uganda
Awamo, a fintech firm firm formerly known as BCB Biometric Credit Bureau, has revealed that it is taking a biometric microfinance solution it has developed to Uganda thanks to $550,000 it has raised in Series-A funding.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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OPINION: Asian Infrastructure Investment Bank – Much ado about very little
For the AIIB to be an effective political instrument, it needs to be a successful financial and development institution. That will be very hard to fully pull off.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- lending
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Visa to launch payments service for mobile phones in September in India
Close on the the heels of MasterCard launching a digital wallet for Citibank India customers, rival global payments gateway Visa will be starting a new payments service for Indian customers in September.
- Categories
- Uncategorized
- Region
- South Asia
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In a Push for Financial Inclusion, the eBay Foundation and a Focus on Entrepreneurs
Pierre Omidyar established the eBay Foundation in 1998 with an endowment of pre-IPO eBay stock. The foundation has always been modest in size, which is probably why we haven't written about it before. It had assets of $30 milllion in a recent year, and gives out between $3 million and $5 million annually to a limited set of grantees.
- Categories
- Uncategorized
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Latin America: Low-Income Millennials Present Big Market Opportunities
Hardly a day passes without a new article on how businesses are analyzing the needs, wants and spending trends of millennials. In the US alone, millennials (or Generation Y), those born between 1980 and 2000, represent 30 percent of the population. By 2025 they will be 75 percent of the workforce.The impact that millennials are starting to have on the global economy, the environment, and politics is enormous.
- Categories
- Uncategorized
- Region
- Latin America
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