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Do Formal Savings Accounts Lead to Better Results for Low-Income Users?: Lessons from Two Customer-Centric Research Studies in Africa
The Savings Learning Lab was a six-year initiative that supported learning among Mastercard Foundation’s savings-focused financial inclusion programs across Africa. Program partners Savings at the Frontier and Scale2Save employed two different research approaches to better understand the impact of formal savings accounts on the lives of low-income people. Jenny Morgan at FinEquity discusses these approaches and the insights they generated, which went beyond access and usage to reveal the nuances of clients' savings preferences and behaviors.
- Categories
- Finance, Impact Assessment
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ANT Gets Asia’s Biggest ESG-Linked Loan in US $6.5 Billion Deal
ANT Group converted a syndicated credit facility into a US$6.5 billion sustainability-linked loan last year, the largest of its kind in Asia-Pacific.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- ESG, fintech, governance, lending
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Western Union, MFS Africa to Enable Money Transfers Across Africa
To enable individuals and businesses across Africa to receive money from over 200 countries and territories, the continent’s largest payment gateway, MFS Africa, has partnered with Western Union.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Report: India’s Woman Entrepreneurs Are More Likely to Get Loans Than Men
The number of women seeking business loans has tripled in the past five years.
- Categories
- Finance
- Region
- Asia Pacific
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India’s Crypto Industry Is Imploding
High taxes and a tricky regulatory environment have resulted in Indian crypto exchanges losing investors in droves.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- cryptocurrency, failure
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WhatsApp to Launch New Payments Feature in Brazil
The new feature will allow users to browse products, add products to their cart and make payments via debit or credit card right from their WhatsApp chat.
- Categories
- Finance, Technology, Telecommunications
- Region
- Latin America
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Addressing India’s Economic Achilles Heel: Leveraging Trade and Digitalisation to Boost Women’s Labour Force Participation
India will soon become the world’s most populous country and third-largest economy, and it is a bright spot in an otherwise gloomy global economic forecast. But as international development consultant Abhirup Bhunia points out, the labour force participation rate for women in India is just 24% — far lower than most countries. He argues that India will not realize its potential if women’s economic participation fails to increase, and explores how the country can leverage international trade and digitalisation to empower women to drive its emergence as a global economic powerhouse.
- Categories
- Finance, Technology
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YMO Raises €3 Million In Seed Round To Accelerate Financial Inclusion in West Africa
YMO, a financial inclusion solution for African populations has made it its mission to revolutionize technology for money transfers and everyday payments.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
