-
Over 70% of micro enterprises in Nigeria lack insurance protection, group raises alarm
A civil society organisation, Transparent Protection Limited (TPL), on Monday, in Abuja, raised the alarm that over 70 percent of micro enterprises in the country did not have any form of insurance.
- Categories
- Uncategorized
-
Grameen America Scales Microlending Model Across the U.S. with Launch of Microfinance Training Institute in Queens
Grameen America, a nonprofit microfinance organization offering microloans, training and support to help women in poverty build small businesses, today announced the launch of the first U.S. Training Institute for microfinance with the support of longstanding partner Capital One.
- Categories
- Uncategorized
-
M-SHWARI LAUNCHES A FIXED DEPOSIT ACCOUNT DUBBED LOCK
Commercial Bank of Africa (CBA) and Safaricom’s paperless banking service M-shwari has today launched a fixed deposit savings account dubbed “Lock Savings Account”, the first of its kind in the mobile money space aimed at helping Kenyans an opportunity to save for a specific purpose.
- Categories
- Uncategorized
-
NexThought Monday – Financial Innovation Moves Away from the Dark Side
After innovations like subprime securities helped crash the global economy in 2008, former U.S. Federal Reserve Chairman Paul Volcker famously asserted that the only financial innovation that has improved society is the ATM machine. It’s an opinion that many still share - but the recent EMERGE conference showed otherwise. We explore six ways the U.S. financial industry is innovating to actually help low-income consumers.
- Categories
- Uncategorized
-
Unbanked and cashless: why mobile wallets like M-Pesa are focusing on eastern Europe
Banks in Europe are rolling out mobile wallets and peer-to-peer payment apps originally developed for Africa in a bid to offer banking services to millions of eastern Europeans who are "unbanked."
- Categories
- Uncategorized
-
Mobile Payment Transactions Hit N271 Billion in Nigeria
In spite of the initial apathy to the mobile payment initiative of the Central Bank of Nigeria (CBN), there are indications that the policy is gaining traction as the total value of mobile payments in the country amounted to N271 billion for 25 million transactions as at end of May.
- Categories
- Uncategorized
-
Citi celebrates small successes with microentrepreneurship awards
Six microentrepreneurs, two lenders awarded
- Categories
- Uncategorized
-
Reserve Bank of India’s relaxation of know-your-customer norms to boost financial inclusion
Bankers and industry experts believe that this will not only bring migrant workers but also students and people with a transferable job in the banking fold
- Categories
- Uncategorized
The Best of NextBillion in Your Inbox Each Week!
Subscribe to NB Notes for news, jobs & on-the-ground insights from the world of emerging markets business.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.