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Citi starts Latin American mobile startup challenge
Citi is hosting a major new mobile innovation competition in Latin America. Called the Mobile Challenge LatAm 2014, the competition aims to bring together individuals and companies with innovative ideas to create applications for Citi’s Latin America mobile banking platform.
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Promoting Access to Finance in Nigeria
The introduction of the tiered Know-Your-Customer regime for potential bank customers will drive the country’s quest for improved access to finance, writes Obinna ChimaIn most developing countries, large population of low income earners has little access to financial services.
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- Sub-Saharan Africa
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6 Reasons Online Remittances Are Primed to Explode: International money transfers are moving online – and that’s good news for the BoP
Global remittances to developing countries are estimated to exceed $436 billion in 2014, and research suggests that they help lower poverty significantly. Unfortunately, high fees have claimed a substantial part of this money. But multiple factors are driving the industry online, says Logan Lemberger - and that could be a boon for the global poor.
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Africa Progress Report Asks Governments To Promote Mobile Banking
A new report has urged African governments to emulate Kenya in supporting the development of mobile banking and electronic commerce to increase financial inclusion.
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- Region
- Sub-Saharan Africa
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Tanzania: Mobile Money Services Register Boom
It is estimated that 2.5 billion people around the world are unbanked. They lack financial services needed to invest in their livelihoods, protect their assets, and avoid falling deeper into poverty.
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How Non-Profits Are Cashing In on the Cryptocurrency Boom
Bitcoin is often discussed as the backbone of the online drug trade, an interesting speculative investment, or simply a futuristic way to order pizza. But proponents say the cryptocurrency also has great potential for the nonprofit world.
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10-year-olds can open and operate a bank account alone, says Reserve Bank of India
Children older than 10 years will no longer need the help of their parents or guardians to open and operate a savings bank account. To boost financial inclusion, the Reserve Bank of India (RBI) on Tuesday said that banks were at liberty to allow minors above 10 years to independently open and operate savings bank accounts.
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PRESS RELEASE: Accion Venture Lab Invests in RevolutionCredit
Accion, a pioneer and leader in financial inclusion, today announced an investment in the financial capability and behavioral-credit insight company RevolutionCredit, through Accion Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups.
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