Some 2.5 billion people have no access to basic financial products like insurance and credit cards. Fixing that would fix a lot of the world's poverty problems.
Jackson Kitili, interim director of Kenya’s Financial Reporting Centre, a specialised government agency set up in October 2012 to deal with money laundering and other financial crimes, talks about progress in fighting financial crimes.
Crowdfunding is a trendy and cool buzzword. “Crowd” sounds sociable and “funding” is, of course, always good. But equity crowdfunding as contemplated by rules proposed by the SEC in late October is not promising.
The death rate from malaria dropped by 45 percent globally between 2000 and 2012, the World Health Organization reported Wednesday. In Africa, the rate fell by almost half.
Specifically, this partnership will identify opportunities to enable the inclusion of HIV/AIDS, malaria and TB services in RBF projects funded by these organizations
As a result of the innovation in the Nigerian payment system, mobile phones have rapidly become a major medium for banking and payment for transactions, writes Nume Horsfall.
A prominent program that claims to reduce infant and maternal deaths in rural India by encouraging mothers to deliver in private hospitals has been unsuccessful, despite the investment of more than $25 million since 2005, a new Duke University study finds.
USAID will commit $2 million to support the project, which will be matched by an additional $2 million in support from General Atlantic, the Newman's Own Foundation, the Pershing Square Foundation, Rockefeller Philanthropy Advisors and Echoing Green.
To Richard Mwebaze, the message was loud, clear and a welcome relief from those dreaded bank queues. The head teacher at one of his children's school said parents were now free to pay school fees by mobile money.
The Local Government of Quezon City, in collaboration with the U.S. Embassy Manila’s United States Agency for International Development (USAID), has launched an innovative mobile money system.
Research and Markets' new Latin America Online Payment Methods 2013 - Second Half 2013 report indicates that online payment continues its growth in the emerging markets of this dynamic region.
Increasing resistance to tuberculosis drugs around the world is a "ticking time bomb", says the World Health Organization (WHO).
Social enterprise incubator Villgro has invested an undisclosed amount in three social enterprises—OneBreath, Ecozen Solutions and Artoo. Apart from equity, the incubator will provide mentoring, access to network and talent for these start-ups.
In honor of International Human Rights Day, the Global Fund made an appeal to break down all human rights barriers to health, a critical factor in the goal of defeating AIDS, tuberculosis and malaria.
Global Fund and US-gov’t PEPFAR program must use purchasing power to get better prices for viral load tests.
Tel Aviv hackathon aims to show that technology can help the world's poorest people - and make a profit.
Crowdfunding has come a long way since 2008, when a group of UC Berkeley MBA students launched Indiegogo. It’s now a multibillion-dollar industry growing literally exponentially and worldwide
Specialist investor LeapFrog Investments has divested the majority stake it holds in Express Life to Prudential Plc. Express Life is an insurance firm based in Ghana founded by Obed Danquah.
For that, there is an immediate need for formation of an independent regulator to formulate framework for sustainable and better functioning of Small Business Financing Companies (SBFCs) that has been doing a wonderful work for promoting growth of small business in India, senior Bharatiya Janata Party (BJP) leader Yashwant Sinha said.
For some time, microfinance has been a hot topic within the development community. Many researchers and practitioners see it as a way for people to smooth their consumption over time and thus avoid the effects of bad periods.
Top microfinance institutions (MFIs), besides their prime focus on microcredit, have widened their areas of services in various social sectors like education, health, agriculture and disaster management
The goal is to give bank customers the ability to move funds "with greater ease and safety via cellular phones or other devices that have a linked mobile telephone line," the central bank said in a statement.
Increased trends of domestic investment in health by several African nations is highlighting efforts to fight AIDS, tuberculosis and malaria, the Global Fund has said.
The late Tip O'Neill, former speaker of the U.S. House, coined the phrase "all politics is local," by which he meant that politicians become successful by addressing the everyday concerns of the voters who elected them to office
The company which champions the use of mobile technologies to improve health around the world will move its headquarters to South Africa.
A three-year, $16 million initiative led by Nike Inc. to get more Brazilian children involved in physical activity could ultimately help the World Cup host nation avert an economic catastrophe.
Social entrepreneurs are changing the lives of millions in the developing world, but it is often a lonely and frustrating journey. Ken Banks shares his tips for success for would-be innovators.
A global public health report co-authored by Harvard University professor Lawrence H. Summers, School of Public Health Dean Julio Frenk, and Public Health professor Sue J. Goldie, among others, proposes an unprecedented investment framework to significantly reduce health disparities between the poorest and the wealthiest nations.
When the Afghan government used mobile phones instead of cash to pay some of its policemen, the officers thought they'd just had a 30 percent pay rise. In truth, they had just been paid the full amount, with nothing skimmed off by middlemen, for the first time.
Over the years, efforts by most countries, including Ghana, to address high maternal and infant mortality rates as a step to meeting Millennium Development Goals (MDGs) Four and Five have yielded some results.
For the first time in India, a credit bureau is offering scores to help understand the credit profile of microfinance customers.
The Newborn Foundation’s BORN Project launches with new iSpO2 Rx mobile technology for early detection of health conditions in newborns in low-resource settings.
A significant trend in increased domestic investment in health by several African nations is highlighting efforts to fight AIDS, tuberculosis and malaria, combined with new contributions to the Global Fund.
The rise of a new generation of technologies performing many financial transactions from mobile phones is a game-changer, opening a new avenue for development. Kenya is probably the best model on the continent. But only specific conditions made it possible. Can this model be exported?
bKash Limited is looking to become the largest mobile banking service provider company in the world within the next few years, chief of the company said.
Regulators have barred the country's banks from trading bitcoin, while denying the pseudo-money legal status and cracking down on anonymous users.
"People with disabilities should get financial access, organisation should not be discriminated against. The issues has to do with physical conditions and discrimination of specific conditions." - Accion International Managing Director
Mobile payment for goods and services continues global growth.
The authors of the framework note that the current generation has the financial and technological capability to begin closing the global health gap.
It is now 25 years since the first World AIDS Day. Although patient outcomes have improved significantly over that time, the long-sought-after vaccine remains elusive.
When HIV positive women give birth, treatment for the newborns has to start immediately as any delay may result into the transmission of viruses from mother to child
Advances in T-cell analysis give hope to HIV and ovarian cancer patients.
The Million Death Study (MDS) involves biannual in-person surveys of more than 1 million households across India. The study covers the period from 1997 to the end of 2013, and will document roughly 1 million deaths.
Narayan Health, founded by leading cardiac surgeon Dr Devi Shetty, could easily be mistaken for just another 'corporate' hospital chain. But by ensuring that the poor get equal access to world-class health care, they have proved that they are so much more.
"Microfinance 1.0 has failed. It was not the miracle it was touted to be," said Union rural development minister Jairam Ramesh at the HT Leadership Summit 2013 on Friday.
Bitcoin is starting to garner attention from some of Wall Street's top currency strategists.
Over the past few years, many nations have adopted policies that promise to improve people’s lives while preserving their freedom of choice. These approaches, informed by behavioral economics, are sometimes called nudges.
Akula believes that microfinance is a core solution to global poverty and yet it could be highly profitable, a balance all microfinance entities are struggling to achieve.
It seems that The SEC has created a quagmire of complicated rules and economic roadblocks.
Janssen is the Communication Advisor to Universal Access to Female Condoms (UAFC), a joint programme launched in 2009 by four organisations (Oxfam Novib, Rutgers WPF, i+solutions and the Netherlands Ministry of Foreign Affairs) with the aim of making female condoms accessible and affordable for all.
In a policy brief launched today, Alzheimer's Disease International (ADI) has announced that the number of people living with dementia worldwide in 2013 is now estimated at 44 million (estimated at 35 million in 2010), reaching 76 million in 2030 (66 million) and 135 million by 2050 (115 million).
South Asia is a fertile market for the concept. The region consisting primarily of Bangladesh, India and Pakistan accounts for the largest number of offices actively providing mobile money services, 3.8 million compared with 805,000 in all of Africa and 1.8 million in East Asia and the Pacific.
The overlap of TB and HIV is a deadly combination with tragic consequences. TB is the leading killer of people with HIV, accounting for one in four HIV-related deaths.
The Asian Heart Institute in Bandra played host to Prof Anil Gupta of IIM Ahmedabad, also executive vice chair National Innovation Council, a man who by his own admission has walked over 6,000 km across the country in search of innovative ideas.
U.S. Agency for International Development Administrator Rajiv Shah met corporate leaders — including the CEOs of Wal-Mart, Mike Duke: Unilever, Paul Polman; and Nestlé, Paul Bulcke — at the White House on Wednesday to discuss supply chain management within the Tropical Forest Alliance 2020.
More than 30,000 children are being targeted as part of a vaccination campaign in Tacloban, Philippines, the city hit hardest by Typhoon Haiyan, the World Health Organization recently announced.
Coffee trees in Central and South America are in danger. They have always been vulnerable to a disease called leaf rust, or la roya in Spanish. But now a warmer, wetter climate is creating the worst outbreak in a generation.
As a Peace Corps volunteer in Lesotho, Siiri Morley watched development workers train women to make crafts without much thought to whether their products would actually sell. Unsold crafts piled up until these businesses and programs inevitably failed, leaving the women without an income, marketable skills, or hope of rising from poverty. This experience taught Morley that even the best-intentioned social programs would not work unless they could operate in the black by adhering to established business practices such as identifying markets for goods and services. Today, with an MBA in hand, she is one of three founders of a successful Boston firm that sells candles made in developing nations and provides a steady income to the women who make them.
While the African Union concentrates on strategies to mitigate the devastating financial effects climate change is having on Africans, I worry instead about its impact on our bodies.
Bridging the health gap between rich and poor nations is feasible in the next 22 years, but it will require the international community to refocus its assistance, and explore inexpensive but innovative interventions to curb emerging health issues, such as noncommunicable diseases.
Sa-Dhan, an umbrella of microfinance groups, hopes pending Bill will bring down interest rates.
While growing up in northern India, Shivani Siroya says she encountered entrepreneurs on a regular basis. Now, she's helping them track their finances in order to boost their businesses.
When a natural disaster or humanitarian emergency strikes, food is usually distributed in the form of rations given to people standing in long queues. Getting cash and food aid to remote rural communities after a natural disaster like an earthquake or a hurricane is logistically complex, expensive and takes time.
The use of non-bank formal services is leading the pack of financial inclusion in Uganda, a new study has revealed.
While there are significant unmet health needs in many parts of South Africa, they are particularly acute in historically disadvantaged rural areas.
Billionaire philanthropist Bill Gates said he plans to nearly double his foundation’s contribution to the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria, to as much as $500 million.
The first global health conference on social marketing (SM) and social franchising (SM), the two emerging tools to help India achieve the universal health coverage, will be held in Kochi from December 3 to 5.
Each year, one in 10 babies around the world will be born prematurely and over a million of those will die. But could measuring the size of a baby's feet help save lives?
On World AIDS Day, an important question: Is an AIDS-free generation within reach?
Dr. Mel Spigelman, the president of TB Alliance, and answered five common questions about tuberculosis.
The recent devastation caused by supertyphoon Yolanda in the Visayas underscored the importance of expanding coverage of micro-insurance to the marginalized communities in the country.
In the past 18 months, a Californian bank has helped more than 300 legal permanent residents attain citizenship by extending them a $1,000 loan.
Researchers are pioneering treatments on the continent, for health challenges unique to the continent – but despite the successes African research institutions continue to lag behind
From Silicon Valley to Hollywood to Main Street USA, young entrepreneurs tell stories of windfalls and glorious escapes from established (read: outdated) standards and practices of business.
We recently chatted with Dr. Mel Spigelman, the president of TB Alliance, and he answered five common questions about tuberculosis. We edited his responses for length and clarity.
Health disparities between rich and poor nations could be banished in a generation by investment in research, vaccines and drugs to combat diseases such as AIDS, malaria and tuberculosis, global health experts said on Tuesday.
Each year, one in 10 babies around the world will be born prematurely and over a million of those will die. But could measuring the size of a baby's feet help save lives?
A recently released report from McGraw Hill Financial Global Institute asserts that a new breed of social entrepreneurs is innovating solutions to “entrenched social, economic and environmental problems.”
Financial inclusion efforts in India have achieved much but remain hobbled by the lack of an effective impact assessment framework.
Virtual currency: It is mathematically elegant, increasingly popular and highly controversial. Bitcoin’s success is putting it under growing strain.
Unless you spend your days gladhanding at Silicon Valley networking events, getting angel seed funding or VC investment can be tough, especially if you happen to be a female entrepreneur, according to the stats.
Naming your company “money” takes some gall, but for the founders of Kopo Kopo, the gambit looks like it might pay off.
A program partnering health workers in Rwanda and the U.S. needs to continue.
Last week, environmental campaigners walked out en masse from the U.N. climate talks taking place in Warsaw. The conference hadn’t been shaping up to be a great success: During the meetings, Japan announced that, rather than cutting its greenhouse gas emissions by one-quarter below 1990 levels, it would actually increase them by 3 percent, largely because of the country’s decision to end its nuclear program.
Unless you have been exercising your right to be a hermit over the last few years, you’ll have heard of crowdfunding or stories of people and companies raising chunks of cash online. Last week, Arran Brewery joined the gang, announcing their plans to use crowdfunding to raise £4 million to aid expansion.
Under the patronage of Her Majesty Queen Rania Al Abdullah, The Women's World Banking (WWB) MENA Conference, titled 'Building Women-Focused Finance: The Global-Local Experience', was held lately in Amman.
The U.S. Securities and Exchange Commission is considering rules that, for the first time, would allow small companies to solicit investments over the Internet and sell shares to the general public.
Nigeria has joined the nations that are determined to protect its poor and vulnerable by means of micro-insurance, writes Nnamdi Duru.
Dan Morrison talks about the five stages of grief following a failed social enterprise, and how to recover your motivation and start again.
Probably the only bank catering to this segment, so far
The bankers association accuse the mobile telephone operators of exploiting a grey area in the Banking Act.
The Global Fund also plays a critical role in strengthening health care in developing countries, but the impact of the Global Fund extends far beyond lives saved.
GAVI Alliance partners gathered in Cambodia this week for a meeting to determine which new vaccines will be added to its portfolio of support, the organization said on Tuesday.
Health ministry sat on a grant offered to National AIDS Control Programme for about 18 months, leading to drug shortages
A multidisciplinary team from Duke is providing pediatric surgical care and research in Guatemala, where access to medical services is limited.
According to UNAIDS one in four people who start HIV treatment in low-and middle-income countries do so dangerously late.
Bitcoin gives file-sharing a brilliant twist. In essence, it has created “a decentralized virtual currency that uses a peer-to-peer consensus system to confirm and verify transactions."
Egyptian policymakers are facing a significant challenge: how to address acute economic challenges while managing ongoing political and social transitions.
On Wednesday, in the run up of the World AIDS Day, UNAIDS released its 2013 report on the global epidemic
The government has employed an army of women health workers to educate rural women about healthy lifestyle practices
The foundation, started by a titan of capitalism, understands that if it’s going to make any kind of dent in huge health problems, it needs to tap into the resources of pharma and biotech
Over 5000 medical students at the University of Nairobi, Makerere University and University of Namibia are set to steer the fight against diabetes.
Alliance Board selects additional vaccines to include in its portfolio
What better way to strengthen communities, while empowering regular people to support nearby small businesses, than by helping individuals fund local entrepreneurs?
In Nepal, two 3rd party initiatives are attempting to bring together the banks and offer the tools needed for them to successfully operate mobile money. The banking sector in Nepal is fragmented with not one bank having double digit market share.
Deposit-taking non-bank financial institutions (NBFIs), such as microfinance institutions (MFIs), financial cooperatives and postal banks, together serve approximately 596 million people in the global south. These institutions have many of the characteristics which research shows are key drivers for expanding access and reducing poverty.
Over the past six years, Kenya has posted significant growth in mobile phone financial services – a sector that it has in many ways helped to pioneer – and the medium-term outlook looks equally encouraging as operators move to offer traditional banking products such as savings accounts and loans. With the sector gradually converging with conventional financial services, the central bank is moving to strengthen its regulatory oversight, which could alter market dynamics.
We should fund the Global Fund, no doubt about it. But we should ask the right questions now and initiate a change that would make a difference in development assistance.
Through providing leadership, advocacy, policy and research, the Alliance aims to ensure health impacts are integrated into global, national and local responses to climate change and to encourage the health sector's mitigation and adaptation efforts.
A new World Bank report warns that risky behaviors -smoking, using illicit drugs, alcohol abuse, unhealthy diets, and unsafe sex-- are increasing globally and pose a growing threat to the health of individuals, particularly in developing countries.
"Magnet Effect" caused by access to innovative ultrasound technology includes positive clinical trends in antenatal visits and newborn deliveries
On paper, socially responsible funds sound fantastic. You pick a cause, and fund managers funnel your money into companies that further that cause. Everybody wins.Yet while socially responsible funds may help idealistic investors sleep better at night, shareholders may not be getting their money's worth.
Some of the biggest names in institutional finance are starting to bank on sustainability. Morgan Stanley this month announced a five-year goal of $10 billion in client assets for its “investing with impact” program, which offers investors a range of products targeting social responsibility and environmental sustainability.
Small loans to give backcountry villagers a modest start toward entrepreneurship — the bright idea that brought Muhammad Yunus the Nobel Peace Prize in 2006, 30 years after he founded Grameen Bank in Bangladesh — is by now a fading ideal.
MetLife, Inc. announced today that MetLife Foundation has committed $20 million over the next five years to Sesame Workshop, the nonprofit educational organization behind Sesame Street, to advance financial capability among low and moderate-income families with young children throughout the world.
This holiday season, Bill Gates wants stuff that doesn’t exist. Not for himself, mind you, but for the developing world. Gates has tons of ideas for products that would improve lives there, if only someone would build them.
The generation sandwiched between looking after their children and parents can benefit financially from a new approach
Seemingly simple and beneficial to all, impact investing is far more than simple philanthropy
To avoid discouragement and burnout, we need to address this resistance proactively, yet patiently.
The top names in solar are starting to look and act a lot more like regular electric utilities. And that's a good thing for the future of mainstream renewables.
Lifebuoy commences another journey towards saving lives by partnering UNICEF with donation of Lifebuoy soap towards basic hygiene practice aimed at preventing the spread of cholera in Nigeria.
Africa may or may not be “rising” but it's certainly widening. Obesity is on the rise, and is rising fast.
The Nigerian Communication Satellite Limited (NIGCOMSAT) is ready to provide telemedicine services to improve the health status of Nigerians.
At a time when the western world is going through a crisis of sorts in the health care sector, a conference at the University of Oxford will explore adapting Indian innovations for better health services across the world.
Zurich Insurance is investing $1 billion to fight climate change in a sign of growing demand for socially conscious investing.
On Thursday, USAID Administrator Rajiv Shah is set to give a speech at the Brookings Institution on the goal of ending extreme poverty, planned to put a bit more policy oomph behind U.S. President Barack Obama’s call in the State of the Union address earlier this year for America to join with its allies to end $1.25 poverty in two decades.
IN addition to eradicating polio in India and starting the personal computer revolution, the Seattle Superman of our age has managed to make going to the bathroom a cause célèbre. Five years ago, if I’d told people I worked on toilets, they would have surely assumed I was a plumber. Now, they exclaim: “Oh! Isn’t Bill Gates into that?”
Half of the vaccines sent to developing countries are lost as they deteriorate during transportation, but a new EU-sponsored project may solve the problem.
The Government is keen to explore the potential of social marketing (SM) and social franchising (SF) as effective tools to reach out to the rural population and scale up healthcare delivery under its flagship programmes, said Ms Anuradha Gupta, Additional Secretary of Health and Mission Director of National Rural Health Mission.
This afternoon the Senate Committee on Homeland Security will hold a hearing on virtual currencies, followed by a Banking Committee hearing Nov. 19. Judging from the witness lists, lawmakers will hear the usual warnings about how Bitcoin and other digital monies facilitate money laundering, online underground drug bazaars, Internet gambling and worse.
Impact investment funds and social entrepreneurs are now targeting social ventures that cater to the urban poor segment. There is a visible departure from earlier practice where the focus of most impact funds was on funding micro finance institutions, catering largely to the rural poor, and similar base-of-pyramid ventures in a rural set up.
Off-grid applications are cleantech's next big market. Nowhere is this more true than in Africa, where the International Energy Agency predicts population growth will outstrip grid expansion to leave 645 million people without power. It’s predictably tough for companies in this vast market to stick out from the pack. In order to get a sense of how companies can achieve success in this space, I sat down to chat with Mansoor Hamayun, the CEO of U.K.-based BBOXX, on the eve of a Series A investment from Khosla Impact.
Young African entrepreneurs are taking giant steps forward in addressing some of the continent's most pressing health issues.
India launched its first public sector bank catering for women on Tuesday, an initiative aimed at economically empowering millions of women across the country who do not have access to basic financial services such as bank accounts or loans.
The finance model was supposed to help the country's disenfranchised, but has just pushed them further into debt
The idea of "financial inclusion" can seem abstract or difficult to comprehend until you put a human face on it.
By 2025, crowdfunding in China could explode to $46 -$50 billion—about half the amount expected to be channeled to startups and businesses throughout the world, according to a new World Bank report
In Kenya, mobile technology usage is quickly becoming more popular. While these solutions increase access to services, many rural health facilities lack ability to provide adequate service delivery.
Indian IT bellwether Infosys will partner with Commit, a public-private research community in the Netherlands, for a sensor-based engagement for an improved health project, the company said.
In Madagascar, toilets can change the entire course of a woman's life, from time to cook to freedom from fear of rape and attack.
Domex, toilet cleaner brand of Hindustan Unilever Lever (HUL), has launched Domex Toilet Academy to mark the occasion of World Toilet Day which is celebrated globally on November 19 every year.
Business has become a dirty word. Doing business with the poor seems taboo, shocking, unthinkable. But what if business could improve the lives of the world's poorest people?
Absence of adequate regulatory controls, treatment guidelines, and patient awareness have led to a global surge in antibiotic resistance, says a team of experts; two of them are from India.
Last Mile Health (known in Liberia as Tiyatien Health) aims to bring quality health care and jobs to remote regions of Liberia.
Empower Playgrounds is providing electricity-generating playground equipment to impoverished schools in rural Ghana.
While virus P. vivax causes some 65 percent of malaria in India and is endemic in many other parts of the world, much of Africa has remained immune.
While India gears up to receive WHO certification, Pakistan is polio endemic with 59 cases reported this year, say delegates at a brainstorming Polio Plus orientation and planning workshop in Madurai.
As Bitcoin becomes an increasingly popular form of digital cash, the cryptocurrency is being accepted in exchange for everything from socks to sushi to heroin. If one anarchist has his way, it’ll soon be used to buy murder, too.
Indian banking is clearly at a turning point. Some of the key changes we will see in the next few years could push the sector into a new orbit. It will force the existing players to be more efficient in their operations and in their allocation of capital. Given the level of interference public sector banks face, they are likely to fall even further behind their private sector competitors.
Technological advances are quickly changing the face of the Pakistani banking industry. Alternative channels are growing quickly and represent a sizable portion of banks’ revenue streams as all banks as well as mobile network operators are jumping on the ‘branchless banking’ bandwagon.
A number of business models originating in the country have offered global lessons on financial inclusion, ranging from mobile money, banking to insurance.The World Bank, in a new report titled ‘Global Financial Development Report 2014: Financial Inclusion’, cites various examples of success of various business models in the country that have helped deepen financial inclusion.
MTN and Visa have partnered to offer customers a mobile payment solution which allows MTN Mobile Money users to make face-to-face and online transactions wherever Visa is accepted.
MEF, the global community for mobile content and commerce, today launched the first report of a three-country African Growth Market Study on mobile content and commerce.
A call-to-action was issued to advance a comprehensive research agenda to address the global burden of preterm birth, which has become the leading cause of newborn deaths worldwide.
Many see open source technology as an ideological tool -- a way to promote freedom in a world of closed, proprietary systems.
A simple low-cost device that helps newborn babies to breathe and has the potential to transform the life chances for thousands of African babies has been awarded the highest fund in the first GSK and Save the Children $1million Healthcare Innovation Award.
Apollo Hospitals Group today signed a Memorandum of Understanding with Common Services Centers (CSC) Scheme of the government to deliver healthcare using telemedicine platform to patients in rural areas.
New York – Citi, the Overseas Private Investment Corporation (OPIC), and the Bank of Georgia announced the closing of a USD $10 million term loan to fund the growth of Bank of Georgia’s Microfinance portfolio to promote the financial inclusion of micro-entrepreneurs and small businesses in the Republic of Georgia.
“The milestone has been achieved in just three years, contributing a lot to the financial inclusion initiative”
China's largest e-payment company Alibaba Group Holding Ltd's Alipay Wednesday said that users of its "mobile wallet" app have reached nearly 100 million across the nation so far.
Entrepreneurs built their own website after being rejected from Kickstarter.
Distrust of mobile payments costs bank customers money for every transfer they make.
Rather than casting the poor as lazy or ignorant, society should be looking for ways to redirect their latent talents and connect them with opportunity.
South Africa has a serious lack of healthcare facilities in rural areas but some new solar-powered mobile clinics are changing that.
The international conference on Global Health Futures reiterated that integrated medicine is the way forward in days to come.
Instead of donating money to temples, Dr Poonawalla suggested Indian billionaires to look at donating funds for education and health care purposes.
Interventions address health service gaps for this often overlooked group of women
Company links health security with better medical outcomes
Pelle Braendgaard, co-founder of the Kipochi Bitcoin wallet and transfer service, believes the controversial digital currency could act as a facilitator between mobile money platforms.
Bridge International Academies has set up more than 200 schools in Kenya over the past four years, and plans to open 50 more in January. Using a school-in-a-box model, Bridge's founders say it gives primary schoolkids a quality education for roughly $5 a month.
Impact-investing initiative announces close of investments in seed-stage companies that provide payments, health care and microinsurance products to clients at the base of the pyramid.