-
Banks Outshine Agriculture, Manufacturing in GDP Input in Rwanda
Prime Minister Pierre-Damien Habumuremyi, yesterday, presented to both chambers of Parliament highlights of the performance of the service industry with focus on financial institutions, noting that the country is on course to achieving its targeted financial inclusion.
- Categories
- Uncategorized
-
The Right Way to Talk About Money: Ignacio Mas discusses the impact words can have on financial behaviors at the BoP
Words can have a major impact on the way people think and feel about their money, says Ignacio Mas. In this Q&A with Mercy Corps’ Kyla Yeoman, he discusses how financial service providers should take customers’ psychological needs into account when designing products - and how the words used to describe these products can affect the way they’re used.
- Categories
- Uncategorized
-
Ghana’s Fidelity Bank inaugurates agency banking
Fidelity Bank has inaugurated its new banking model, known as Fidelity Agency banking, which allows the bank to use shops and supermarkets as bank agents, called as Fidelity Smart Agents.
- Categories
- Uncategorized
-
Ministry’s scepticism, Aadhaar issues hang over Nachiket Mor financial inclusion plan in India
The finance ministry has questioned the practicality of some recommendations made by a panel formed by the Reserve Bank of India (RBI) to promote financial inclusion, including a 1 January 2016 deadline it has set for making an Aadhaar-linked bank account available to every adult Indian.
- Categories
- Uncategorized
-
Mobile network operators team up in Sri Lanka to provide mobile money to 60% of population
Etisalat joined Dialog’s eZ Cash mobile money platform on Monday, enabling a combined subscriber base of 12.7 million —over 60% of the country’s population— to enjoy ‘seamless and convenient mobile money services’ that lets them deposit, send or receive money and pay utility bills, insurance premia and engage in other transactions.
- Categories
- Uncategorized
-
Annapurna Microfinance raises $5M in Series B funding
Odisha-based Annapurna Microfinance Pvt Ltd (AMPL) has raised Rs 30 crore (around $5 million) in a Series B round of funding led by Belgian Investment Company for Developing Countries (BIO), with participation from the existing investor Incofin Investment Management's Rural Impulse Fund II.
- Categories
- Impact Assessment
-
Central Bank of Nigeria gives room for microfinance bank mergers and acquisitions
There is an expectation of stronger microfinance banks (MFBs) in the country if the micro institutions that could not meet with their recapitalisation requirements, successfully engage and conclude with mergers and acquisition as they are directed by the Central Bank of Nigeria (CBN).
- Categories
- Uncategorized
-
Opportunity International & The MasterCard Foundation Plan To Help 7M Out of Poverty With $22.7M Partnership
Opportunity International is a non-profit microfinance organization established in 1971. Over the last 42 years OI has provided $6 billion in microfinance loans and has reached over 5 million clients in 22 countries. In 2009, The MasterCard MA -1.08% Foundation and the Bill & Melinda Gates Foundation partnered with OI and co-funded a $16 million project to expand access to saving accounts and agricultural loans in Sub-Saharan Africa.
- Categories
- Impact Assessment
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.