In this week's social business roundup, our editors note the growing debate over replacing welfare programs with a universal basic income (UBI) in India, the limitations of WHO's donor-funded model, and an ironic side-effect of SRI's avoidance of "sin stocks" – among other developments making recent headlines.
New CGAP Survey Finds Technology Alone Cannot Deliver Successful Interoperability in Digital Financial Services
No matter how well designed the technology, interoperability in digital financial services will not reach its full potential unless the right business structure and incentives are in place, CGAP found in its new report, Digital Finance Interoperability and Financial Inclusion: A 20-Country Scan.
IFC, The MasterCard Foundation, and FINCA Support Expansion of Financial Inclusion in Democratic Republic of Congo
IFC, a member of the World Bank Group, together with The MasterCard Foundation, on January 17 announced a cooperation agreement valued at $1 million with microfinance institution FINCA in the Democratic Republic of Congo. Under the agreement, FINCA will expand access to credit and digital financial services for low-income people and small-scale entrepreneurs.
- Sub-Saharan Africa