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Airtel to Launch Payments Bank in India in Q2 FY17
Bharti Airtel's mobile commerce subsidiary, Airtel M Commerce Services, has been renamed Airtel Payments Bank. The company plans to launch its payments bank operations in the second quarter of the current fiscal year, it said in a statement on Tuesday.
- Categories
- Uncategorized
- Region
- South Asia
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Twenty Crore Bank Accounts Opened: Where Does Jan Dhan Yojana Go From Here? An Explainer
Duplication of accounts, account dormancy and the financial unsustainability of the Bank Mitra model. While the Jan Dhan Yojana may be one of the most exhaustive financial inclusion processes to date, there’s still more to be done.
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- Uncategorized
- Region
- South Asia
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Mexico Prepares Regulations for Debt & Equity Crowdfunding
This past week the Comisión Nacional Bancaria y de Valores (CNBV) published their 7th National Financial Inclusion Report (Reporte Nacional de Inclusión Financiera). The document (embedded below) spent a good amount of time defining and addressing the various forms of investment crowdfunding. The document was published in advance of expectations that Mexico will soon enact an updated securities regulatory regime to embrace internet finance.
- Categories
- Investing
- Region
- Latin America
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Airtime to the Rescue: Why India Should Mobilize Telcos for Disaster Relief
Last April, when a 7.8 magnitude earthquake shook Nepal, telcos offered free mobile airtime for 48 hours to their customers based in India, so they could connect with their family members and friends in Nepal. This example illustrates the potential of utilizing the payments infrastructure to respond to natural disasters. I believe this potential could be more fully realized by channeling relief and rehabilitation funds to disaster victims using airtime as currency – and India is the ideal proving ground for the concept.
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- Uncategorized
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MetLife Foundation Makes Significant Progress Towards $200 Million, Five Year Commitment to Financial Inclusion
Today, MetLife Foundation released its 2015 Annual Report, highlighting its activities and showcasing a broad array of partners, grantees and activities.
- Categories
- Investing
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Grameen Foundation and ideas42 Launch Partnership to Expand Financial Inclusion in the Philippines
Grameen Foundation and ideas42 yesterday launched a new partnership to support financial inclusion in the Philippines using principles from behavioral science and innovations in digital financial services using mobile phones. The initiative, funded by JPMorgan Chase Foundation, aims to reach thousands of people identified in the low-income bracket throughout the country.
- Categories
- Uncategorized
- Region
- Asia Pacific
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Pro-Women, Anti-Cash: How Cashless Economies Can Boost Women’s Empowerment
We are still a long way from a world where cash is obsolete – in fact, 85 percent of consumer transactions are still conducted in cash, and for many people, hard currency clearly remains a useful commodity. But the landscape is changing rapidly, and for the world’s poorest and most excluded communities – and for women in particular – the drive towards cashless economies offers an exciting window of opportunity.
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- Uncategorized
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Ethiopia Banks on Mobile Money for Financial Growth
Outside a small store on a dirt track in the remote Ethiopian town of Doni, long queues wait for government cash handouts by the most modern of methods: mobile phone.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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