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White House Report: Financial Inclusion on the Rise
Financial inclusion has been on the rise across all demographics and geographies over the last two decades, according to a report published by the White House Council of Economic Advisors today.
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- Uncategorized
- Region
- North America
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IFC, CGAP, SECO launch initiative to expand financial inclusion in Ghana
IFC, a member of the World Bank Group, together with the State Secretariat of Economic Affairs of Switzerland, SECO, and the Consultative Group to Assist the Poor, CGAP, on June 8 launched the Ghana Digital Financial Services Initiative to advance financial inclusion in Ghana through the use of new technology and innovative business models.
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- Uncategorized
- Region
- Sub-Saharan Africa
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The Indian start-up that may sideswipe Apple Pay
With 900 million mobile phone users and a sophisticated biometric digital ID issued to every citizen, India is increasingly attractive to companies that provide mobile financial services.
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- Technology
- Region
- South Asia
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Mobile wallet Mobikwik’s cash-back scheme runs afoul of Indian regulators
Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.
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- Technology
- Region
- South Asia
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International Finance Corp bets big on India’s microfinance sector
The World Bank affiliate IFC is set to invest Rs 300 crore in TPG Capital and Citigroup backed-Janalakshmi Financial Services and another Rs 135 crore in CreditAccess Asia promoted Grameen Koota Financial Services.
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- Uncategorized
- Region
- South Asia
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Viewpoint: Why M-Pesa ‘will never work in South Africa’
In the wake of Vodacom's decision to close down its M-Pesa mobile money service in South Africa at the end of this month, a pioneer of mobile financial services for the mass market has said mobile operators will never be successful in the financial services industry.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Unlocking Empowerment for Poor Customers: Three Tips for Financial Services Providers
We expect financial services to bring several things to the lives of poor people: more options on how to manage their circumstances and opportunities, a sense of confidence and control over their future - a sense of empowerment, in other words. Here are three ways that financial institutions can nurture empowerment among low-income customers through their actions and offerings.
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- Uncategorized
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NexThought Monday: Closing China’s Credit Gap
China's economy is on the path toward becoming more financially inclusive, but because the centralized Credit Reference Agency falls short, there's still a need for a scalable system for credit evaluation. Alibaba-affiliate Ant Financial is trying to provide an innovative solution.
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- Uncategorized
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