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Behavioural Nudges: Mildly Paternalistic or a Threat to Economic Justice for the Poor?
"Nudges” – ie: the use of behavioral science insights to steer human behavior – are increasingly seen as a cheap and effective way to achieve social goals. But according to social researcher Sally Brooks, there are some troubling questions about whether the use of nudges for business purposes is good for the poor. She explores the issue through the prism of digital financial inclusion in the era of fintech and big data.
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Report: Record Number Of Indians With Bank Accounts. So Why Is Financial Inclusion Low?
Mumbai: Up to 80% of Indians now have a bank account, the same proportion that has a mobile phone, but financial inclusion levels are still among the world’s worst, lower than sub-Saharan Africa on some counts, according to a new report.
- Categories
- Finance, Impact Assessment
- Region
- South Asia
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Report: Mobile Money Driving Financial Inclusion in sub-Saharan Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation, have released a new report today, 16 May 2018 in Nairobi, documenting the transformation underway in financial inclusion in sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Smart Campaign Reaches Milestone with 100 Certifications in Financial Consumer Protection
The Smart Campaign, the leading industry voice on financial consumer protection, housed at the Center for Financial Inclusion at Accion, announced today that 100 financial service providers (FSPs) have attained Smart Certification, a landmark achievement in responsible financial inclusion.
- Categories
- Finance
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PayPal Joins Indonesian Venture Firm to Develop Fintech Startups
PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.
- Region
- Asia Pacific
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Vikram Pandit’s PE firm invests $100 million into financial inclusion credit card
Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments.
- Categories
- Finance
- Region
- North America
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More College = Less Poverty: The Impact of Peer-to-Peer Lending
More than 57 million students globally are qualified but have not enrolled in higher education, mostly because they lack the money. Yet banks often don't want to lend to them, due to their lack of collateral, uncertain earning potential and long repayment periods. That’s why Ryker Labbee and Kirk Acevedo launched peer-to-peer student lender Zomia, targeting nearly 1 million potential college students in Myanmar and Cambodia. They explore how the model could scale into other markets and reduce poverty.
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Zimbabwe bans banks from processing payments for cryptocurrencies
Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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