-
Keeping Finance in the Family: How Intra-Family Accounts Can Help Low-Income Customers During COVID-19 – and Beyond
Banks in emerging countries often struggle to generate active usage of the accounts they offer to young people. Yet as Anne Marie van Swinderen at L-IFT points out, financial diaries research has shown that young people save frequently and significantly – especially when their earnings rise. She explores how intra-family accounts could help banks serve this challenging demographic during COVID-19 and in the longer term – while also expanding their financial services to other members of the family.
- Categories
- Coronavirus, Finance
- Tags
- COVID-19, financial inclusion, youth
-
Press Release: Covid-19: Remittance Flows To Shrink 14% by 2021
International migration to fall in 2020 for the first time in recent decades
- Categories
- Coronavirus, Finance, Technology
-
Analysis: Keeping Girls in School Is Worth Billions To Developing Nations
New analysis finds that investing in girls' education will forge fairer and wealthier societies.
- Categories
- Coronavirus, Education
-
Press Release: The Rockefeller Foundation Commits USD1 Billion To Catalyze a Green Recovery From Pandemic
Driving public-private investment, transformative solutions, and a more inclusive, sustainable future. Launching next chapter for the 107-year old philanthropic institution.
- Categories
- Coronavirus, Energy, Health Care
-
How Governments Can Reach People in Extreme Poverty and Build Resilient Livelihoods During COVID-19
Governments around the world have taken fiscal measures that total almost $12 trillion in response to COVID-19. But Lindsay Coates at BRAC argues that most of these programs are short-term and reactive, and many do not reach those most in need of support. She proposes a more comprehensive response – and discusses how the Graduation approach to poverty alleviation can play a role.
- Categories
- Coronavirus, Finance, Investing
-
Startups and Venture Capital vs. COVID-19: How an INR 1 Billion Grant Program Is Boosting India’s Pandemic Response
India is home to many innovative startups that are leveraging technology to fight the COVID-19 pandemic. To support them, a group of prominent venture capital funds and founders recently launched ACT Grants, an INR 1 billion effort to fund scale-ready solutions to COVID-related challenges. NextBillion spoke with Mekin Maheshwari, founder of Udhyam Learning Foundation – a key partner in the initiative – about how it is helping India’s startups ramp up their battle against the virus.
- Categories
- Coronavirus, Health Care, Investing, Technology
-
African Money Transfer Firms Thrive as Pandemic Spurs Online Remittances
Having fled an economic implosion in his native Zimbabwe, Brighton Takawira was able to support his mother back home with modest earnings from a small perfume business he set up in South Africa. Then the pandemic struck. Borders closed. The buses he had used to send his cash stopped running.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
-
Is COVID-19 Driving Growth in Digital Currencies?
With purchases and transactions increasingly moving away from cash and towards digital channels during the pandemic, both central banks and private institutions around the world are continuing to explore the potential of digital currencies.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments