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Yunus Was Wrong — Savings, Not Credit, is a Human Right: Here’s How the Financial Inclusion Sector Can Shift its Focus
After playing a key role in the early development of the microfinance sector, Jeffrey Ashe went to Bosnia in the mid-1990s to consult on a new microfinance project. In those days, microcredit was widely viewed as a silver bullet that could end poverty, but while working in Bosnia, he learned that informal savings groups were already providing an effective alternative to formal loans in the local community. Ashe has spent the subsequent decades studying and supporting savings groups in countries around the world. He shares research that illuminates these groups' vast global impact, and argues that they could achieve far more if the financial inclusion sector supported them.
- Categories
- Finance
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IndusInd Bank Announces Partnership with Wise to Offer Low-Cost Online Inward Remittance Services
IndusInd Bank has today announced its partnership with Wise, the global technology company specializing in moving and managing money around the world.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Analysis: It’s a Family Affair: One Billion People Benefit From Migrant Earnings
For many households, the money sent back from an overseas family member helps make ends meet, is a lifeline in a crisis, drives social mobility, and even supports the broader community.
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- Finance, Technology
- Region
- Global
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A Report by Bill Gate’s Foundations Shows Nigeria’s Impressive Mobile Money Performance
The Bill & Belinda Gates Foundation helped the GSM Association (GSMA) put up the State of the Industry on Mobile Money Report 2023.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: QED Investors Closes Nearly $1 Billion in New Funds
Fund VIII will Invest in Early Stage Businesses; Growth II for Later-Stage Fintechs.
- Categories
- Finance, Technology
- Region
- Global
- Tags
- fintech, lending, remittances, scale, startups
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Fintech Firm Paysend Enters Partnership to Bring Money Transfers to 60 Million Hispanic Americans
Paysend, the global card-to-card payments platform, has announced a new multi-year partnership with the Spanish-language content and media company, TelevisaUnivision.
- Categories
- Finance, Technology, Telecommunications
- Region
- Latin America
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Emirates Telecommunications Takes $400 Million Majority Stake in Careem’s Super App
According to the details of the agreement, Emirates Telecommunications is investing $400 million to become a majority shareholder in Careem's Super App alongside Uber.
- Categories
- Investing, Technology, Telecommunications
- Region
- Global
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Fintech TerraPay Secures $100 Million via Series B to Expand Payments Infrastructure
The funding will help TerraPay’s global expansion plans, especially across the LATAM and MENA regions.
- Categories
- Finance
- Region
- Global