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Marshaling Digital Cash for Humanitarian Challenges: Uniting Private, Public and Nonprofit
In addressing humanitarian crises, what unites us—a desire to save and improve lives—is greater than what divides us—outdated perceptions of the roles of aid vs. the private sector. By recognizing this, we can use digital preparedness to set building blocks on the road to resilience.
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- Uncategorized
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77 million women added to India’s banking system in 1 year
As many as 358 million Indian women (61 per cent) have bank accounts, up from 281 million (48 per cent) in 2014, the biggest jump for “banked” women among eight South Asian and African countries surveyed by Intermedia, a global consultancy.
- Categories
- Impact Assessment
- Region
- South Asia
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Financial Health Means More than Financial Inclusion
Here’s a sobering data point for you, courtesy of the recent EMERGE conference in New Orleans: 138 million people in the United States are financially unhealthy. They are not exclusively from the lower-income brackets, either. In fact, one-third of households with income of $100,000 (or more) struggle to manage their financial lives.
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- Uncategorized
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Here Are 5 of Africa’s Most Financially Inclusive Countries
Fnancial inclusion is vital in achieving inclusive sustainable growth and development as well as reducing poverty. Globally, about 2 billion people do not have a bank account but, Africa has been experiencing great advancements in financial inclusiveness. According to The World Bank, 34 percent of adults in sub-Saharan Africa had an account in 2014 compared to 24 percent in 2011.
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- Uncategorized
- Region
- Sub-Saharan Africa
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WorldRemit Brings Mobile Transfers to Malawi
Digital money transfer service WorldRemit has introduced overseas remittances to mobile money accounts in Malawi. Users of the WorldRemit app or website will be able to securely send money transfers to any Airtel Money account in the country.
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- Technology
- Region
- Sub-Saharan Africa
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Mobile Money boom: Thousands scramble for agency jobs in Ghana
According to the Bank of Ghana, the number of registered mobile money agents has now hit 93,376 as of the end of the first three months of this year, which is a 200 percent increase in the number of registered agents in just a year.
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- Technology
- Region
- Sub-Saharan Africa
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A Demographic Time Bomb: The Urgent Need to Prepare Undocumented Hispanic Immigrants for Retirement
The United States is home to some 11.3 million undocumented immigrants, mostly Latin American. These immigrants are aging, and whether they stay in the U.S. or return to their home countries, many are woefully underprepared for the financial burdens of retirement. The consequences of ignoring their retirement savings needs are significant – but so are the opportunities to reach them with financial products.
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- Investing
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Uganda: Stop Cheating Clients, Minister Urges Microfinance Institutions
The minister for Microfinance, Mr Kyeyune Haruna Kasolo, has warned microfinance institutions to stop cheating the general public by charging very high interest rates on loans.
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- Uncategorized
- Region
- Sub-Saharan Africa
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