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India: Downwardly Mobile
January, 31 2015
India - A big worry is that in rural areas or poor urban districts it will not be worth banking agents’ while to hold enough cash to meet withdrawals during busy periods, such as when rural wages are paid. That could sully the whole idea of banking for new customers
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Pakistan: Microfinance - SBP Revises Credit Guidelines
January, 29 2015
Pakistan - In order to encourage smaller microfinance banks (MFBs) and microfinance institutions (MFIs) to avail credit lines from commercial banks and development finance institutions (DFIs) for onward lending to microfinance clients, the State Bank of Pakistan (SBP) revised on Wednesday the microfinance credit guarantee facility (MCGF) guidelines
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Bill Gates Explains What’s Wrong With Bitcoin
January, 29 2015
Global - Bill Gates believes that digital currency has huge potential to help people access financial services. In his Reddit “Ask Me Anything” thread today, Gates said, “Bitcoin is an exciting new technology.”
However, he said that the Bill & Melinda Gates Foundation does not help the poor using bitcoin
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Democratising Finance: Technology Improves Access for the Masses
January, 28 2015
Global - Few would dispute that technological innovation is benefiting the masses in much of the world, aiding financial inclusion from the most basic payment services to the most sophisticated investment strategies. But if this is democratisation, it is unlikely to be a painless process
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Rural Financial Inclusion: Study Shows Colombia's Smart Coffee ID Is a Model to Replicate
January, 27 2015
Colombia - According to a BTCA study, "Colombia's Coffee Growers Smart ID Card: Successfully Reaching Rural Communities with Digital Payments," the FNC's Smart Coffee ID Card has evolved to become an important and strategic tool for both the FNC, the organization that represents more than 500,000 coffee growers in Colombia, and for the coffee growing families it serves.
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Bill and Melinda Gates Want to Fix Another Messy Global Problem: Banking
January, 22 2015
Global - "By 2030, two billion people who don’t have a bank account today will be storing money and making payments with their phones. And by then, mobile money providers will be offering the full range of financial services, from interest-bearing savings accounts to credit to insurance.
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Uganda Gets Loan
January, 21 2015
Uganda - Uganda has secured a $29 million loan from the International Fund for Agriculture Development (IFAD) to pay for financial inclusion in Rural Areas(PROFIRA)
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Benin’s Expansion of Digital Finance
January, 16 2015
Benin - The market for digital financial services in Benin is nascent. With an adult population of approximately 6.5 million, it is fairly small compared to countries like Cote d’Ivoire and Senegal where big players seem to have focused most of their efforts to date. There are currently three providers of mobile money in Benin reaching close to 500,000 mobile money users, approximately 10% of whom are active.
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MasterCard and Movistar Launch Peruvian Mobile Money Service
January, 14 2015
Peru - With the goal of promoting financial and social inclusion in Peru, Movistar, in alliance with MasterCard, has announced the launch of “Your Mobile Money” (Tu Dinero Movil), the first electronic money service in Peru, which will offer users significant savings in their money transfers
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India: E-wallets - Money on the Move
January, 13 2015
India - Telecom operators, supermarket chains, electronic wallets and prepaid instrument players can open these payment banks to accept deposits, offer basic saving facilities and provide remittance services for millions of people who are currently out of the digital financial system
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India: Ujjivan Gets Rs 600cr in Biggest Microfin Deal
January, 12 2015
India - UK's Commonwealth Development Corporation (CDC), private equity investors CX Partners, Newquest and a unit of Bajaj Group are leading a Rs 600-crore investment in Ujjivan Financial Services, clinching the single largest funding deal in India's microfinance sector, sources directly familiar with the matter said
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SRI: Ethics Beyond the Wall Street Walk
January, 11 2015
Global - Since the economic crisis, the financial services industry has been under pressure to prove it is a good global citizen. There is a way it may be able to justify its existence in 2015: it can now say with some credibility that responsible investing has gone mainstream
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India: Postal Bank Wins Government Backing
January, 11 2015
India - The government is looking to take the legislative route by next month to finalise the setting up of the Postal Bank of India and will soon approach the RBI to consider the postal department's application for a banking licence
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When Clients Inspire Product Design
January, 09 2015
India - The Indian microfinance sector has long been criticized for following a one-size-fits-all approach to products and significantly under-investing in innovation. The primary reason for this is a perception that product customization for the poor is a cost, rather than a strategic investment
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Social Stock Exchanges – Do We Need Them?
January, 09 2015
Global - While securities exchanges have been facilitating financial market transactions for centuries, the first social stock exchanges were officially launched only recently. So what are they? Are they working? And do we need them
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Mal Warwick, Paul DiLeo, and Paul Polak: Do Impact Investors Expect Too Much?
January, 07 2015
Global - It’s time for businesses that seek funds from impact investors to establish benchmarks and metrics for the economic and social impact they seek to accomplish—and for impact investors to engage in some serious soul-searching if they find themselves looking only at how much profit they can extract
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Can Post-Ebola West Africa Go the Way of South Asia, from Aid to Enterprise?
January, 07 2015
Africa - It's worth remembering that countries have recovered from such disasters, both natural and man-made. They have even found within them opportunities for rebirth and prosperity, using strategies like microfinance to make the journey from grant-based aid to commercially sustainable enterprises
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India: The Urban Hurdle
January, 05 2015
India - While the government’s mandate is often linked to the rural markets, the challenge of financial empowerment is equally daunting in urban India, where 13.8 per cent of the population is below the poverty line
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India: Microfinance Sees Rapid Loan Growth
January, 04 2015
India - According to RBI data, credit flow from commercial banks to NBFCs has so far seen a year-on-year growth of 7 per cent with priority sector lending rising 16 per cent
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India: Phase I of Jan Dhan Target Achieved, Says Arun Jaitley
January, 03 2015
India - India has managed to achieve its first phase of financial inclusion by opening bank accounts for more than 7.5 crore families a month ahead of schedule and inching closer to ensuring accounts to all 24 crore families in the country, finance minister Arun Jaitley said
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The Role of Socially Responsible Investment in Economic Uncertainty
January, 01 2015
Global - Given that a growing number of the public now agree that big issues like climate change, dwindling natural resources and population growth will have a negative impact on the global economy the question becomes not whether charities can afford to invest along SRI lines, but whether they can afford not to
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India: Deadline to Apply for Small, Payments Bank Licences Extended
January, 01 2015
India - The Reserve Bank of India (RBI) has extended the deadline for the submission of applications to open small finance banks and payments banks to 2 February from 16 January, in view of the “request seeking extension” from applicants, the central bank said on its website on Thursday
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