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Bill Gates | 2016 Will Be the Year of Financial Inclusion
Bill Gates describes himself as a technologist, business leader, and philanthropist. More recently, he was called the most generous man in the world.
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- Uncategorized
- Region
- South Asia
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Fintech’s Five Emerging Powerhouse Markets Are At A Crossroads
Accenture has warned local banking communities in Asia to wake up: It took just nine months for investment in the region’s non-banking fintechs to quadruple from 2014’s $880 million to $3.5 billion.
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- Investing, Technology
- Region
- South Asia
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Indian Microlender SV Creditline Gets $8M From Blue Orchard
Delhi-based microfinance firm SV Creditline Pvt Ltd (SVCL) said on Friday it has raised $8 million (Rs 52 crore) in funding from global impact investment manager Blue Orchard.
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- Uncategorized
- Region
- South Asia
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New Report Calls for Scale-Up of Financial Services “Pathways” to Help End Extreme Poverty
The Microcredit Summit Campaign released its 17th annual survey of the global microfinance industry December 9th at the Inclusive Finance India Summit held in New Delhi, India. Campaign Director Larry Reed featured the publication, "Mapping Pathways out of Poverty: The State of the Microcredit Summit Campaign Report, 2015," in his presentation on Wednesday to attendees of India’s premier financial inclusion conference.
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- Uncategorized
- Region
- South Asia
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IFC Invests in Postal Savings Bank of China to Promote Financial Inclusion for Underserved
The FINANCIAL -- IFC, a member of the World Bank Group, on December 10 announced an investment in Postal Savings Bank of China (PSBC). The investment will help promote access to finance in a country, which according to World Bank Group data, is home to 12% of the world’s unbanked, some 235 million people, many of whom live in rural areas.
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- Investing
- Region
- South Asia
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Omidyar Network Leads Investment in Technology that Enables Central Banks to Issue Digital Fiat Currency
Omidyar Network announced today a for-profit investment in eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology that enables central banks to issue digital fiat currency, called eCurrency. eCurrency is different from the various forms of private sector digital value available today because it is issued by a central bank and has the same legal and monetary status as notes and coins.
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- Investing, Technology
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- Europe & Eurasia
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Zimbabwe’s Microfinance Institutions Have Lost Their Way, Says Reserve Bank Governor
The Reserve Bank of Zimbabwe Says Microfinance institutions have lost their way as they are concentrating on maximising profit and need re-orientation to ensure they focus on supporting marginalised people living in rural areas to promote financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Leveraging Public Assistance to Promote Financial Inclusion in America
In a report out today, the Asset Building Program at New America argues that Temporary Assistance for Needy Families (TANF)—the national welfare program designed to help move low-income families to employment and reduce dependency on the safety net—has features that keep families in the financial margins and make it harder to get out of poverty.
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- Uncategorized
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