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Mobile Money Meets Microcredit: Creating an Evidence-Based Cross-Sell Strategy
Financial institutions serving low-income communities regularly turn to cross-selling to engage clients. But they don't always consider the particular needs of clients themselves. Based on its research on cross-sell initiatives, Bankable Frontier Associates explores what it takes to enhance clients’ engagement and encourage them to actively use multiple products with an institution over time.
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The Power of Partnerships: Why They Can Be the Key to Reaching the Unbanked
In a world of rapid change, few organizations have all the capabilities needed to accomplish every aspect of their business - something that's clearly true for commercial banks. That's why financial institutions often find success in adapting to new opportunities through partnering. In a new publication, the Center for Financial Inclusion explores how banks use partners to adopt new technologies and reach previously underserved markets.
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Zimbabwe to formalize microinsurance firms
ZIMBABWE is working on a framework to regulate and formalise operations of microinsurance firms targeting low income earners, the Insurance and Pensions Commission said. Microinsurance has been identified as a critical instrument for delivering effective and efficient insurance services and products as well as promoting financial inclusion.
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- Sub-Saharan Africa
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IFMR Investment Managers raises $15 million debt fund targeting microfinance firms
Chennai-based IFMR Investment Managers, a wholly owned subsidiary of IFMR Capital, is raising a Rs 100 crore (around $ 15 million) debt fund to invest in the microfinance businesses.
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- South Asia
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10 new VC investors who are upbeat on Indian start-ups
The venture capital gold rush to India that began with Tiger Global Management’s purchase of a slice of Flipkart in 2010 ebbed five years later, ending in cash crunch, valuation cuts and many shutdowns in India’s start-up landscape.
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- South Asia
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United Bank for Africa and MasterCard sign pan-African partnership
The United Bank for Africa (UBA) and MasterCard have signed a five year partnership agreement to issue MasterCard credit, debit and prepaid cards across 19 new markets in Africa, including Liberia. Other countries are Nigeria; Benin; Burkina Faso; Cameroon; Chad; La Cote D’Ivoire; Democratic Republic of Congo; Equatorial Guinea; Ghana; Gabon; Guinea; Guinea-Bissau; Kenya; Mozambique; Republic of Congo; Senegal; Sierra Leone; and Uganda.
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- Sub-Saharan Africa
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Press Release: JPMorgan Chase & Co. and ideas42 Arm Nonprofits With Behavioral Insights to Help Tackle Financial Challenges Facing the Underserved
At a recent two-day event, JPMorgan Chase and ideas42 launched their newest joint initiative,The Behavioral Design Project: Promoting Financial Health. An immersive 18-month program bringing together 11 leading organizations in the financial capability field to define and tackle tough problems with a behavioral lens, the initiative offers an exciting new pathway to scale proven behavioral science methods in consumer finance.
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- North America
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OPINION: Why Social Investment Is A Threat To Charity Values
In a world where charities are already pitted against each other by funders looking to procure impact, using tools of social investment over grants makes a lot of sense. In a world where we move beyond charity competition into a collaborative one, it becomes much less interesting.
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