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India’s Microfinance Industry To Self-Regulate With Code For Responsible Lending
Manoj Nambiar, Chairperson, MFIN, said: “This is a significant self-regulatory step across all RBI-regulated entities and others that aims at safeguarding the interests of low-income customers through enhancing transparency and compliance."
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance, regulations
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Viewpoint: Ghana’s Banks May Find Themselves Undercut by MTN’s Mobile Money
MTN Ghana is targeting 20m customers on its mobile money service in the next three years, from 13m in 2018.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Ericsson and MTN launch Mobile Money open API platform in Ghana
Ericsson and MTN have extended their mobile money partnership with the launch of an open API platform in Ghana.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Evolution of Inclusive Finance Data: What’s Next for MIX
Since 2002, MIX has been a key resource for global inclusive finance data. Its initial focus was to build transparency in microfinance through shared data standards and common metrics, and it compiled a huge dataset, MIX Market, that became a critical source of information for the industry. But MIX recently announced two important shifts to its approach. CEO Camilla Nestor discusses these changes, and what they mean for MIX and the inclusive finance industry.
- Categories
- Finance
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The Group Overseeing Facebook’s Libra Cryptocurrency Will Apply for a Payments License in Switzerland
The Libra Association, the organization in charge of overseeing Facebook’s proposed cryptocurrency, said Wednesday it will apply for a payments license in Switzerland.
- Categories
- Finance
- Region
- Europe & Eurasia
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Venezuelans Use Cryptocurrency to Bypass Corruption, Inflation
Aid providers say digital currencies are becoming an important route to bypassing corruption or repressive regimes.
- Categories
- Finance
- Region
- Latin America
- Tags
- cryptocurrency
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Zimbabwe’s EcoCash Woes Show Dangers of Early Reliance on Mobile Money
The growth of EcoCash was driven by its ability to extend financial inclusion by drawing in previously unbanked customers. But recurrent power blackouts and food shortages in the context of a currency crisis are now showing the fragility of that model.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India Post Payments Bank Rolls out Aadhaar-Enabled Payment Services
With AePS services, any person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.
- Categories
- Finance
- Region
- South Asia
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