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Pakistan Unveils First Domestic Payment Gateway
Pakistan on Tuesday unveiled the country’s first domestic payment scheme ‘PayPak’ to facilitate ecommerce and improve financial inclusion.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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VisionFund International and Opportunity International Partner to Expand Financial Inclusion for Unbanked Citizens of Democratic Republic Of Congo
Opportunity International, a next generation microfinance organization that invests philanthropic and social impact capital to spark and scale innovative solutions to global poverty, has entered into a share purchase agreement to sell a majority stake of its microfinance institution in Kinshasa, Democratic Republic of Congo (DRC) to VisionFund International, World Vision’s microfinance arm.
- Source
- Press Release
- Categories
- Uncategorized
- Tags
- microfinance
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India’s Prime Minister Launches ‘Stand Up India’ to Promote Financial Inclusion
Giving a push to government's financial inclusion programme, Prime Minister Narendra Modi today launched the Stand-up India scheme under which 1.25 lakh bank branches will provide loans up to Rs 1 crore to SC/ST and women entrepreneurs.
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- Uncategorized
- Region
- South Asia
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Seven Essential Guiding Principles to Boost Financial Inclusion Laid Out in New Report
Seven guiding principles to help countries increase financial inclusion were set out in a report released today by the Committee on Payments and Market Infrastructures (CPMI) and the World Bank Group. The Payment aspects of financial inclusion report builds on a document that underwent public consultation in late 2015 and seeks to tackle barriers to the adoption and usage of transaction accounts, which sit at the heart of retail payment services.
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- Uncategorized
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IFC to Lend $150M to Shriram Transport Finance
International Finance Corporation (IFC), the private sector lending arm of the World Bank, has agreed to invest $150 million in Shriram Transport Finance Company Ltd (STFCL) in the form of senior debt to help the firm provide more finance to micro, small and medium enterprises (MSMEs).
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- Uncategorized
- Region
- South Asia
- Tags
- lending
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Bernie Sanders’ Bizarre Idea of Fair Trade
Bernie Sanders, it is often noted, has never met a free trade deal that he liked. But inhis recent interview with the New York Daily News's editorial board, the senator from Vermont outlined the trade terms he might find acceptable. His statement should be absolutely chilling to the developing world.
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- Uncategorized
- Tags
- public policy
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Over 60 Financial Giants Line Up to Partner With India Post
The vast legacy network of India Post, once perceived to be unwanted baggage and a huge financial burden, is turning out to be its biggest strength. Top global financial firms Barclays, Citibank, Deutsche Bank, Western Union, Visa and domestic giants State Bank of India and Punjab National Bank are among over five dozen companies that have queued up to partner with the payments bank arm of the country's postal department.
- Categories
- Uncategorized
- Region
- South Asia
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Indian Microfinance Self-Regulator Acts to Ward Off Danger of Over-Indebtedness Crisis
The Andhra Pradesh microfinance crisis that put the entire sector on the verge of collapse is still fresh in everybody's mind and MFIN is no exception. Before the crisis, the sector was known for 100% growth year after year while borrowers took loans beyond their capacity to repay leading to the undoing of many of the leading micro lenders.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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