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Cash Defenders are Wrong: Digital Finance Truly is ‘Pro-Poor’
Digital economies are gaining momentum, says Njuguna Ndung’u, former governor of the Central Bank of Kenya, and poor households benefit the most. He's concerned that "the uninformed defenses of cash-heavy economies risk unnecessary distraction from the real issue of how to ensure digital economies maximize the benefits to people in poor communities around the world."
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Microfinance major Ujjivan commences its small finance bank operations in India
India-listed microfinance major Ujjivan Financial Services Ltd has begun the process of restructuring its business to becoming a small finance bank, following the Reserve Bank of India’s approval of its bank licence in September 2015. The new banking entity Ujjivan Small Finance Bank (Ujjivan SFB) began operations with effect from February 1, 2017.
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- Uncategorized
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- South Asia
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African Development Bank and Alliance for Financial Inclusion Partner to Promote Financial Inclusion in Africa
The African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) signed a Memorandum of Understanding (MoU) to enhance access to quality financial services on the continent on Tuesday, January 31, 2017, in Abidjan, Côte d’Ivoire. The agreement aims to create a collaboration framework to promote financial inclusion in Africa.
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- Uncategorized
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- Sub-Saharan Africa
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Telangana Launches India’s First Social Innovation Hub in Nizamabad
Telangana IT Secretary Jayesh Ranjan made this announcement at the one-day Development Dialogue, an international social entrepreneurship ecosystem conference hosted by Kakatiya Sandbox.
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- South Asia
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This Social Entrepreneur is Transforming Rural Lives
Passionately carrying forward his father’s vision of rural development and ‘bottom-up approach’ as the key to the country’s development, this social entrepreneur Arun Nagpal, Co-founder, Mrida is creating transformational impact on the lives of the rural people with his small interventions.
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- Uncategorized
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- South Asia
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Nigeria: Apathy Grows As 86.6 Million Nigerians Are Without Insurance
Long before Nigeria was finally plunged into recession last year, it has been pretty challenging to get Nigerians to appreciate the benefits inherent in insurance products, with the sector contributing a meager 0.6 per cent to the nation's Gross Domestic Product (GDP).
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- Uncategorized
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- Sub-Saharan Africa
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Wall Street Journal Launches the Financial Inclusion Challenge 2017
For the third year, The Wall Street Journal invites nonprofit and for-profit enterprises to enter “The Financial Inclusion Challenge” competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region.
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- Uncategorized
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- South Asia
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Financial services firm IFMR Holdings expanding to target bottom 600 million people in India
Financial inclusion services provider IFMR Holdings, which will complete a decade this year, will embark on a major expansion drive.
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- Uncategorized
- Region
- South Asia
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