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Women’s Financial Inclusion: What the Gallup World Poll Tells Us
Recently released data from the 2016 Gallup World Poll paints an updated picture of women’s phone ownership across more than 140 economies and 97 percent of the world’s adult population. This new data shows that, in fact, 81 percent of women worldwide own a mobile phone, with women’s ownership rate in the developing world as high as 80 percent.
- Categories
- Finance
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More than Money: Changing Financial Services One Startup at a Time
The Financial Solutions Lab – managed by the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. – is looking for fintech startups and nonprofits to compete in its $3 Million Challenge to help underserved people. Winning organizations will receive a $250,000 investment. The fintech innovators who will rise to the top, writes CFSI's Shannon Austin, are those solving real financial problems faced by real people – often the same problems experienced by the founders themselves.
- Categories
- Finance, Technology
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Press release: Financial Solutions Lab Launches $3 Million Year-Four Competition to Support the Financial Health of Underrepresented Communities
Given the diversity of Americans who struggle with financial health, in this year’s Challenge, the Lab is particularly interested in products developed by entrepreneurs of color, women and people with disabilities, and designed to meet the financial needs of often overlooked populations.
- Categories
- Finance
- Region
- North America
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In a World of 5 Billion Mobile Phone Users, ID Policy Needs to Catch Up – Fast
With a global subscriber base of over 5 billion, the mobile ecosystem has created a digital platform that is increasingly connecting everyone and everything. Yet millions risk exclusion from this network – and the social, digital and financial exclusion this implies – due to lack of proof-of-identity. A new GSMA report offers a global perspective of the trends and linkages between access to mobile and access to official identification - and explores solutions for reducing the "identity gap."
- Categories
- Finance, Technology
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IndiaFirst Life launches ‘pay when you can’ micro product
Unlike other products that have a fixed premium to be paid regularly, this product offers the facility of instant payments that can be made via-online model.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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Mastercard, M-Kopa enter pilot pay-as-you-go solar partnership in Africa
M-Kopa Solar makes solar home systems affordable to low-income off-grid households on a pay-as-you-go installment plan. Its customers get power on daily mobile money payment plans and the cost is lower than that of kerosene fuel.
- Region
- Sub-Saharan Africa
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Singapore Inks FinTech, Blockchain Pact with Indian State Government
Today’s agreement will also foster engagements between FinTech startups in Singapore and Maharashtra, which sees Mumbai as its state capital. A FinTech-based curriculum developed for educational programs in the Indian state are also being considered.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- blockchain, fintech
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Launch of the 2017 State of the Industry Report on Mobile Money
With 690 million registered accounts worldwide, mobile money has evolved into the leading payment platform for the digital economy in many emerging markets.
- Categories
- Finance
- Tags
- digital finance, fintech
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