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Social Enterprise Accelerator Solvey Gets Over 3 Million Views On YouTube
In May, I met YouTubers Dave Erasmus and Louis Cole in Delhi. They were on their third stop on a fast-paced world tour called Solvey, to find entrepreneurial individuals, interested in giving back and solving problems in their home countries
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Viewpoint: CFPB Payday Rule Addresses the Problems, Not the Solution
If the final rule doesn't create a clear lane for good lenders to step in with a variety of new loan product designs, the CFPB risks leaving important consumer needs unfulfilled.
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- North America
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- lending, regulations
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International Finance Corp bets big on India’s microfinance sector
The World Bank affiliate IFC is set to invest Rs 300 crore in TPG Capital and Citigroup backed-Janalakshmi Financial Services and another Rs 135 crore in CreditAccess Asia promoted Grameen Koota Financial Services.
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- South Asia
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Viewpoint: Why M-Pesa ‘will never work in South Africa’
In the wake of Vodacom's decision to close down its M-Pesa mobile money service in South Africa at the end of this month, a pioneer of mobile financial services for the mass market has said mobile operators will never be successful in the financial services industry.
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- Sub-Saharan Africa
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New MacArthur Competition to Award $100 Million to Help Solve a Critical Problem of Our Time
A new competition launched today will award a $100 million grant to a single proposal designed to help solve a critical problem affecting people, places, or the planet.
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- philanthropy
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Unlocking Empowerment for Poor Customers: Three Tips for Financial Services Providers
We expect financial services to bring several things to the lives of poor people: more options on how to manage their circumstances and opportunities, a sense of confidence and control over their future - a sense of empowerment, in other words. Here are three ways that financial institutions can nurture empowerment among low-income customers through their actions and offerings.
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Cash Is Costly in the Caribbean, Says Mastercard Study
A study commissioned by MasterCard indicates that nine out of 10 transactions in Jamaica are done by cash or cheques, underscoring the problem of costly informality, according to the global card company.
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- Region
- Latin America
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NexThought Monday: Closing China’s Credit Gap
China's economy is on the path toward becoming more financially inclusive, but because the centralized Credit Reference Agency falls short, there's still a need for a scalable system for credit evaluation. Alibaba-affiliate Ant Financial is trying to provide an innovative solution.
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