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Why China’s Fintech Surge is Only Just Beginning
In China, MetLife Foundation's newest approach to improving the financial health of everyday consumers is through harnessing the power of social entrepreneurs. Next month the foundation will invite social enterprises (nonprofit and for-profit alike) across China that are focused on increasing access and use of financial services among low- to moderate-income people to enter their products to participate in a new competition. Why China is booming for fintech and what's next.
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- fintech
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Startup Rising Africa
It’s hard to get more American than generalizing Africa as one big homogenous thing. It is, of course, a rich and diverse continent of more than 50 nations, where merely a piece of it — say from Kenya to Nigeria — is a greater distance than the entire United States. Each country, and within each country, has distinctive languages, heritages, cultures and histories.
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- Region
- Sub-Saharan Africa
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Pay-It-Forward Model Shows Potential for Microfinance in Developing Nations
Ten years ago, microfinance was celebrated with the Nobel Peace Prize for its potential to break people out of poverty. Today, the microfinance industry has grown to hundreds of institutions serving more than 150 million borrowers in the developing world, but is widely criticized for exploiting the world’s poor and, ultimately, making poverty worse.
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- lending, microfinance
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11 Social Incubators in India That Are Helping Startups & Social Enterprises Transform Lives
While starting a for-profit business is no easy task, starting a social enterprise is tougher still. Lack of funds, knowledge resources, manpower… the hurdles are endless. These social incubators mentor, guide and advise entrepreneurs, helping them navigate the choppy waters of social entrepreneurship.
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- South Asia
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- incubators
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Examining Zimbabwe’s Cash Withdrawal Limit
Zimbabwe banks have introduced a number of stringent measures targeted at limiting cash withdrawals.
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- Sub-Saharan Africa
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Skoll Foundation Announces Five $1.25 Million Skoll Awards for Social Entrepreneurship
Kicking off this week’s 13th Annual Skoll World Forum, the Skoll Foundation announced the six recipients of the 2016 Skoll Award for Social Entrepreneurship.
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Bharti Airtel-Kotak Mahindra Bank JV Gets Payment Bank License From RBI
India's largest carrier Bharti AirtelBSE 4.20 % received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.
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- South Asia
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Viewpoint: Business Fails the BOP
Businesses have made significant strides in the last 40 years, identifying innovations that make serving the world’s poorest profitable. Single-use packets developed by giants like Proctor and Gamble made fast-moving consumer goods affordable. Mobile technology leapfrogged conventional telecom in Africa, improving connectivity and reach. Capital inflows from micro-financing opened small business opportunities for billions. These innovations, and many others, have enabled multinational corporations to enter emerging economies and create profitable products and services at scale.
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