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New Pathways to Financial Inclusion for Low-Income Women
Developing countries have made great strides on financial inclusion in recent years, but a gender gap remains. A new report analyzes women’s stories and their detailed cash flows over time from financial diaries data collected in Kenya, India and Mexico, offering insight into why women in emerging economies don’t use formal financial services to the same extent as men.
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Pakistan’s Central Bank Calls India’s Cash War ‘Extreme’
Pakistan’s central bank Governor Ashraf Mahmood Wathra called India’s shock clampdown on cash an “extreme” step to boost financial inclusion, tax collection and battle graft, as the neighboring nation implements its own plans to double the number of people using banks within four years.
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- North Africa & Near East
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MIX and MetLife Foundation Partner to Promote Financial Inclusion Through Data and Insight
MIX announced today an $825,000, 2-year partnership with MetLife Foundation to promote financial inclusion by providing insight into financial service access in Mexico, Myanmar, Turkey and Vietnam. Through rich data, analytical tools and interactive dashboards, decision makers in these countries will have a powerful new resource to ensure positive social outcomes for the financially underserved.
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- North America
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Asian Development Bank approves $40 million loan to help promote financial inclusion in Cambodia
The Asian Development Bank (ADB) approved a $40 million loan and a $600,000 technical assistance grant on Friday to help strengthen Cambodia’s financial sector and promote financial inclusion within the country’s unbanked population, according to the ADB’s statement.
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- South Asia
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Orange announces the winners of the sixth edition of the Orange Social Venture Prize for Africa and the Middle East
Orange has announced the winners of the 2016 Orange Social Venture Prize for Africa and the Middle East during the AfricaCom Awards ceremony held in Cape Town, South Africa, last night. The prize, which aims to encourage start-ups in Africa to launch innovative projects that promote development, has been extended this year to the Middle East. A new award, the Special Prize for Cultural Content, has also been introduced.
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- North Africa & Near East
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The Problem of Mandatory Formalization in Financial Inclusion
An opened bank account in and of itself means very little, and a sitting balance in a bank account is literally a waste of money. What does have meaning is what accumulated savings let a consumer buy or borrow at a lower cost at the right time, without having to beg, borrow (at high cost) or steal. And when that asset grows in a meaningful way, then we have something to write home about: development and wealth accumulation in action.
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Watch Video of the Live Debate: ‘Digital finance: Full inclusion or empty promise?’
This year's European Microfinance Week concluded with a heated debate on the impact of fintech in microfinance: "Digital finance: Full inclusion or empty promise?" NextBillion live-streamed the discussion, and you can view the recorded video in this post.
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Register Now for the Global Impact Investing Network Investor Forum 2016
Next month in Amsterdam more than 500 of the best thinkers and biggest investment movers are expected to convene for two days of intense learning, dialogue and interaction during the Global Impact Investing Network's Investor Forum. NextBillion is serving as a media partner for the event and our readers can save 10 percent using a special discount code.
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