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More Women Are Financially Included in India Than Ever Before
India’s Pradhan Mantri Jan Dhan Yojana (PMJDY) programme has brought more individuals into the formal financial fold than any other inclusion-related intervention attempted to date. The level of financial inclusion among Indian adults increased by 20% between 2014 and 2015, an unparalleled rate of growth across the eight countries tracked by InterMedia’s Financial Inclusion Insights (FII) research programme.
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- Uncategorized
- Region
- South Asia
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How Does India Fare in Access to Banking?
Financial inclusion may have become a buzzword among India’s econocrats and central bankers but India continues to lag behind most major economies when it comes to access to banking, the results of the Financial Access Survey for 2016 released by the International Monetary Fund (IMF) shows.
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- Uncategorized
- Region
- South Asia
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India’s Big Banks Sets Their Sights on Small Towns, Villages
Billionaire Uday Kotak did something unusual last month. He signed off on his Kotak Mahindra Bank valued at Rs 1.4 lakh crore for buying BSS Micro Finance, a tiny lender which does not even have 1% of the assets the bank has.
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- Uncategorized
- Region
- South Asia
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Indian Microfinance Institution Ujjivan to Launch Biometric ATMs
Ujjivan Financial Services Ltd., (Ujjivan), a leading pan-India microfinance institution, which is in process of transforming into a small finance bank (SFB), today announced that it will provide the benefits of ATMs to its unbanked and under-served customers across the country by using biometric enabled machines.
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- Uncategorized
- Region
- South Asia
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What is Lost in a Digital Financial World — And How to Get it Back
As we work to extend financial services to the two billion financially excluded people around the world, we must rely on digital financial services. But vital as they are to financial inclusion, in the transformation to digital interfaces, valuable personal connections between financial service providers and customers are lost. Elisabeth Rhyne explores what exactly is lost, and how that loss can be mitigated or replaced.
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Rwanda: Mastercard, GTBank launch digital payment partnership
MasterCard and Guaranty Trust Bank Rwanda Ltd (GTBank Rwanda) are introducing a suite of digital payment solutions, aimed at extending the demand for safe and convenient payment solutions.
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- Region
- Sub-Saharan Africa
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‘Her Hands Trembled’ When She Borrowed Her First $64; Now She’s Giving Advice to BRAC
BRAC, which has been gradually integrating mobile money into its microfinance operations since 2011, has introduced a number of new initiatives, including investing heavily in client protection, customer service and financial education, and developing mobile money use cases. Here, as part of FI2020 Week's spotlight on keeping clients first in a digital world, a long-time client gives her perspective on this evolution.
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Financial Inclusion Week Starts Today – Here’s How You Can Participate
It's Financial Inclusion Week 2016 – a research and advocacy project that brings together nearly 40 organizations and stakeholders around the world to host events and share insights on advancing financial inclusion. This year, the conversations will focus on keeping clients first in a digital world, a theme which aims to bring clients to the forefront of the fintech discussion.
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- Uncategorized
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