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Direct cash transfers will reduce corruption in India, says Reserve Bank governor
Reserve Bank of India governor Raghuram Rajan made a strong pitch for direct cash transfers to the poor, saying this would help reduce corruption by breaking the "cycle of dependence".
- Categories
- Uncategorized
- Region
- South Asia
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Banking correspondents risking lives to bring financial inclusion to India
In Bihar alone, at least 14 attacks on bank kiosk operators have been reported in the last two years
- Categories
- Uncategorized
- Region
- South Asia
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Kenya’s mobile money transactions hit KES1 trillion
Statistics from the Central Bank of Kenya indicate that Kenyans transferred over KES 1 trillion between January and June this year.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: Western Union Expands Collaboration with MTN Group; Launches Mobile Money Transfer Service in the Ivory Coast
Consumers Who Subscribe to MTN Mobile Money Can Now Receive a Western Union Money Transfer Transaction on Their Mobile Phones
- Categories
- Impact Assessment, Technology
- Region
- Sub-Saharan Africa
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Indian MFIs demand more incentives for working as business correspondents
According to survey by microfinance institution network (MFIN), published in February this year, nine out of 14 MFIs closed their operation as BCs in the recent past.
- Categories
- Uncategorized
- Region
- South Asia
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Ideas for a financially inclusive India
The Prime Minister is expected to outline a policy on financial inclusion in his maiden speech from the ramparts of Red Fort on August 15, 2014.
- Categories
- Uncategorized
- Region
- South Asia
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RuPay cards to replace Aadhaar in welfare scheme authentication in India
The finance ministry has decided to limit Aadhaar's role in its welfare scheme payments and, instead, use ATM-enables RuPay cards for last-mile authentication to withdraw money.
- Categories
- Uncategorized
- Region
- South Asia
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Rocket Internet raises $445 million to invest in mobile payments in emerging markets
Philippine Long Distance Telephone Company is purchasing a 10% stake in Rocket, a German e-commerce investment firm. The deal will combine the Philippines telecom operator’s mobile expertise with Rocket's global e-commerce and web services footprint.
- Categories
- Technology
- Region
- South Asia
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