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PRESS RELEASE: New Research Explores the Value of Data to Women’s Financial Inclusion
A report from GBA, IDB and Data2X argues that banking data is key to unlocking full financial participation for women.
- Categories
- Education
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Why Is Financial Inclusion so High on the Development Agenda?
There are several clear reasons why the development community views financial inclusion as an important ingredient for economic and social progress.
- Categories
- Impact Assessment
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Kenya Announces First-Ever Government Bond to be Offered Exclusively via Mobile Phone
The Treasury has announced the first-ever Government Bond that will be offered exclusively via mobile phone, pointing to the growing relevance of mobile money solutions in the evolving payments space.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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NexThought Monday: The benefits of cross-selling financial products
Formal financial institutions often struggle to justify the business case for serving poor clients. Acquisition costs are high and low balance savings are not sustainable. At the same time, providers recognize that only providing credit to clients may be profitable, but may not develop client trust and longer-term engagement. As a result, cross-selling in recent years has become a popular strategy for financial service providers, including those trying to reach lower-income clients. How can we make it work for everyone?
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- Uncategorized
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‘Financial Inclusion for Sustainable Development’: European Microfinance Week Nov. 18th – 20th
European Microfinance Week is a major annual event featuring high level, in-depth discussions by all sectors of the European microfinance community. The conference, which will take place Nov. 18th – 20th in Luxembourg, will welcome over 400 top professionals in the industry, from several dozen countries. NextBillion will be a media partner at the event, providing live tweeting, blog coverage and interviews with key participants.
- Categories
- Finance, Impact Assessment, Technology
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Three Finalists for the 6th European Microfinance Award Announced
On Tuesday 22nd September, the Selection Committee for the 6th European Microfinance Award on Microfinance in Post-disaster, Post-conflict Areas & Fragile States, composed of members of the European Microfinance Platform (e-MFP) and Inclusive Finance Network Luxembourg (InFiNe.lu),) selected the three finalists who will go on to compete for the €100,000 prize. These three organisations are Crédit Rural de Guinée from Guinea, The First Microfinance Institution from Syria and Taytay Sa Kauswagan Inc. from the Philippines. The winner will be announced by the President of the High Jury Her Royal Highness The Grand Duchess of Luxembourg on November 19th, at a ceremony hosted at the European Investment Bank in Luxembourg, during the annual European Microfinance Week.
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- Uncategorized
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Microfinance and Payday Loans: How Paytm’s Payment Bank Will Be ‘Different’
"There's so much scope for digital payments, and there are enough unbanked even in the city, that you can tap into with only a little effort," says Nitin Misra, who heads Paytm's payment product pipeline. "We can offer a lot to the unbanked and the underbanked, and for the small percentage of the population that is actually fully banked, we offer safety and convenience."
- Categories
- Uncategorized
- Region
- South Asia
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1.3 Million Square Miles of Financial Inclusion: New MIX report offers granular data on India
India is currently home to 21 percent of the world’s unbanked adults, a problem the government is addressing through its ambitious financial inclusion plan. Ensuring that this and other efforts are effective requires a detailed understanding of the distribution of financial service access points, through granular, subnational data. MIX has created a custom tool to provide this, and Nikhil Gehani describes what it has found.
- Categories
- Education
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