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Tough Challenges Await India’s Chandrashekhar Ghosh’s Bandhan in Its Commercial Bank Avtaar
On Sunday, Kolkata-based microfinance institution (MFI), Bandhan Financial Services formally converted itself into a full service commercial bank, thus becoming the latest private sector bank in the country. Bandhan is one of the two entities, which were given full-service banking licences by the Reserve Bank of India (RBI) in April, 2014, from a list of 25 aspirants that included big business houses. The other is IDFC.
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- Uncategorized
- Region
- South Asia
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9 African Countries That Score Highest for Financial Inclusion
Mobile technology has accelerated financial inclusion for the so-called under served — people with inadequate access to traditional banking institutions — according to a newly released Brookings report.
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- Uncategorized
- Region
- Sub-Saharan Africa
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10 Challenges That Could Make or Break India’s Payments Banks: Their revolutionary potential is no guarantee
Last week, the Reserve Bank of India announced that it will issue 11 Payments Bank (PB) licenses, permitting a variety of institutions to provide a limited slate of financial services to underserved populations. The RBI hopes PBs will “revolutionize banking” in India, but their impact is not guaranteed. Here are 10 challenges PBs will face – and how they can live up to the government’s ambitious goals.
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What payments banks, Bandhan can do for financial inclusion in India
There have two big developments in financial inclusion in the country in the past few days, whose significance stands out despite the din arising from the recent global stock market crash.
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: MoneyGram Expands Mobile Money Choices in Africa
New agreement enables customers to receive money directly to M-Pesa accounts in Tanzania.
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- Uncategorized
- Region
- Sub-Saharan Africa
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July’s Most Popular Posts on NextBillion: From the value of female mobile money agents to the power of Latin America’s BoP
From the benefits of training women as mobile money agents to the remarkable size and vibrancy of Latin America's BoP, the month of July brought some compelling content to NextBillion. We highlight the three most-read and most-shared posts of the month.
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- Agriculture, Energy
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India ranks 9th in Brookings financial inclusion scorecard – but 1st in country commitment
India ranked ninth out of 21 countries for its overall financial and digital inclusion efforts, according to the 2015 Brookings Financial and Digital Inclusion Project (FDIP) Report and Scorecard that was launched on Tuesday.
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- Education
- Region
- South Asia
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Consumers lose out as Safaricom and Equity tariff wars intensify
A fresh storm is brewing between Kenya’s financial services giants, Safaricom and Equity Bank, over the rates being levied to consumers making transactions across the two service providers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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