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India Post to Approach RBI for Interoperability of Its ATMs by Year End
In another step towards financial inclusion, the government is planning to make 10,000 ATMs under postal services interoperable with commercial banks, allowing consumers to withdraw money directly from their bank accounts rather than restricting them to postal accounts.
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- Uncategorized
- Region
- South Asia
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Survey: Over 89 Percent of Rwandans Have Access to Finance
Rwanda has surpassed its financial inclusion targets with more than 89 per cent of adult population accessing financial services, a new FinScope survey 2016 shows.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Abu Dhabi to Welcome Global Policy Makers and Microfinance Experts at Microcredit Summit
Global policy makers and microfinance experts will convene in Abu Dhabi from March 14th to 17th to explore and discuss innovative financial inclusion strategies that can create clear pathways to economic and social inclusion.
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- Uncategorized
- Region
- North Africa & Near East
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Ericsson Report: Mobile Phones Provide Fast Track to Financial Inclusion in Sub-Saharan Africa
Even as mobile money services become part of daily life for millions in Sub-Saharan Africa, many potential customers face basic barriers to accessing the services on their own mobile phones. Lack of awareness and basic prerequisites, and low appreciation of the benefits are some of the hurdles.
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- Uncategorized
- Region
- Sub-Saharan Africa
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MetLife Foundation and ‘The Financial Inclusion Challenge’ Seek Best Solutions for Financial Access Across Asia
MetLife Foundation announced today its exclusive sponsorship of the second year of The Financial Inclusion Challenge. The Challenge, sponsored by MetLife Foundation and managed by The Wall Street Journal, is a competition encouraging nonprofit and for-profit organizations to showcase programs that provide innovative, sustainable solutions for individuals and families struggling to be part of the financial mainstream. Winners will be recognized at an awards dinner in Hong Kong later this year.
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- Uncategorized
- Region
- South Asia
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Five Reasons NGOs and Social Enterprises are Going Cashless
With over 250 services deployed in 89 countries worldwide, mobile money has enjoyed explosive growth among consumers in emerging markets. But digital payments are also transforming the work of development-focused organizations, many of which are shifting their bulk payment systems from cash to digital. This post explores the far-reaching organizational and financial benefits of this approach.
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How a Mongolian soap opera promoted financial education
In Mongolia, a project assisted by ADB and the Japan Fund for Poverty Reduction used storytelling to help people protect themselves through saving and financial planning.
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- Uncategorized
- Region
- Asia Pacific
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The Citi Foundation Helps India Prepare to Be World’s Youngest Population By 2020
Last year, Prime Minister Modi of India launched an ambitious project that aims to train over 400 million young people in different skills by 2022. The initiative is called ‘Skill India’, with the tagline - 'Kaushal Bharat, Kushal Bharat', which means ‘Skilled India, Successful India.’ Today, every third person in an Indian city is a youth. In about four years, the average-aged person will be 29 years old and very likely a city-dweller, making India the youngest country in the world by then. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic dividend, but the benefits will be tempered with social and regional inequalities.
- Categories
- Uncategorized
- Region
- South Asia
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