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COVID-19 May Just Be the Unintended Booster Shot Financial Inclusion Needed
Giving every woman a bank account allows government benefits to reach citizens directly and instantly.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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The Power of Local Women: An Innovative Social Capital Model Addresses Rural Financial Inclusion in India During COVID-19
To reduce the economic impact of COVID-19, the Indian government has transferred money into women’s bank accounts. But as Prabhat Labh at Grameen Foundation India and Sourajit Aiyer at South Asia Fast Track Sustainability Communications point out, the rural population often struggles to access those funds. They explore how the Grameen Mitra model leverages a network of village-based women to get cash transfers to where they're needed most.
- Categories
- Coronavirus, Finance
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Press Release: Mastercard Partners With Tonik; Neobank to Accelerate Financial Inclusion for Filipinos
Mastercard announced today a new partnership agreement with Singapore-based tonik, a two-year-old startup which recently received a bank license in the Philippines. Mastercard will enable tonik to issue a range of electronic payments products that tap into Mastercard’s global network and extensive business intelligence when tonik launches operationally in the Philippines, later this year.
- Categories
- Finance
- Region
- South Asia
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JUMO Is Offering Social Impact Financial Products to the Unbanked
JUMO has operations in over 10 countries including South Africa, Uganda, Ghana, Kenya, Pakistan, Tanzania and Zambia with plans to open shop in Benin, Ivory Coast and Nigeria by 2021 (PHOTO/Courtesy)
- Categories
- Entrepreneurship, Finance
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Viewpoint: Data Is a Powerful Tool for Accelerating Financial Inclusion Among Women
It’s clear that female borrowers can be powerful contributors to a bank’s growth and performance. So why is the gender-financing gap so large?
- Categories
- Finance
- Region
- North Africa & Near East
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From Cauliflower to Unicorns: Five Lessons from Five Years as a Startup
As the Digital Frontiers Institute (DFI) celebrates its fifth birthday, it recently announced that it's merging with CGAP’s Gateway Academy to form a "stronger, more refined new identity at the frontier of capacity building." DFI's co-founder and CEO, Gavin Krugel, discusses five lessons the organization has learned about running a social enterprise startup.
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Farmers in Zimbabwe Bemoan Mobile Money Ban
Cotton growers have criticised the government for its abrupt ban on bulk mobile money transfers, saying this will derail their operations as payments are now taking longer at a time the rate of inflation is galloping.
- Categories
- Finance
- Region
- Sub-Saharan Africa