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IFC, MasterCard in $250M Risk Sharing Pact to Drive Financial Inclusion
International Finance Corporation (IFC), a member of the World Bank Group, and MasterCard have signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, a crucial next step in their ongoing collaboration to increase universal financial access by 2020.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Report: India’s Microfinance Sector Poised to Grow Robustly in Next Five Years
The microfinance sector, which is seen as a vehicle of financial inclusion, has seen a boom over the past year as government has laid more emphasis on financial inclusion. The sector is expected to grow robustly in the next few years as large players consolidate their position in their market.
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- Uncategorized
- Region
- South Asia
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Visa’s Plan to Connect 500M to Financial Mainstream
Visa’s CEO Charles Scharf has got a plan to connect half a billion additional consumers to the financial mainstream in the next five years.
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- Uncategorized
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Twitter Top Ten
A new treasure trove of financial inclusion data.
A significant milestone for the B Corp movement.
And to coincide with tax day in the U.S., a handy guide on where to donate - and a thought-provoking post on the surprising way America’s tax system benefits the poor. These are just a few of the highlights of this week’s Twitter Top 10.- Categories
- Education, Energy, Environment, Health Care, Impact Assessment
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Bamboo Finance Announces the First Close of Financial Inclusion Fund II
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, today announced the first close of $31 million in its second financial inclusion focused fund with investments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM.
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- Uncategorized
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MasterCard to Collaborate With the Alliance for Financial Inclusion
Today, MasterCard and the Alliance for Financial Inclusion (AFI) signed a strategic partnership agreement that will enable a close collaboration within AFI’s Public-Private Dialogue Platform (PPD).
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- Uncategorized
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Why Financial Inclusion May Well Depend on Cyber ID Data: Digital IDs are quick and cost-effective – but more data on unbanked customers is needed
Among the obstacles to digital financial inclusion is the challenge of serving people who lack traditional identity data. But as Trulioo founder Stephen Ufford explains, our online activity creates a digital footprint that can be used to identify us quickly and cost-effectively. He describes how Trulioo is cultivating partnerships to advance its goal of establishing a digital ID for the entire global population.
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- Uncategorized
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‘By making it available to people, you are almost by definition doing good’: Grameen Foundation CEO Alex Counts, on microfinance’s past and future
Microfinance has careened from hero to villain status over the years, before settling into its current persona as a useful but not transformative anti-poverty tool. Alex Counts has had a front-row seat in the sector’s turbulent development, as founder and long-time president/CEO of Grameen Foundation. He shares his frank perspectives on microfinance’s past and future in this video Q&A.
- Categories
- Impact Assessment
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