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PWC to Liquidate Troubled Microfinance Company DKM’s Assets to Pay Back Depositors in Ghana
PriceWaterhouse Coopers is to liquidate the assets of troubled microfinance company, DKM, to raise money to payback depositors whose monies were locked up with the company, the Governor of the Bank of Ghana said Tuesday.
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- Uncategorized
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- Sub-Saharan Africa
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An Economic Thinker With a Giving Soul, Priya Naik
A Master in Economics from Yale Uni, Priya Naik had already worked with two social startups before she founded Samhita Social Venutres. Since a very young age, Priya has been doing what people only think about doing in their lifetime. Founder and CEO, Priya has been working extensively in the areas of nature conservation, art, education for differently-abled children, and livelihood generation through micro enterprise.
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- South Asia
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Village Capital and PayPal Strengthen Relationship to Improve Access to Financial Services Across the Globe
Today, Village Capital, the venture development organization that finds, trains and funds entrepreneurs working to solve global challenges, and PayPal Holdings, Inc. (Nasdaq:PYPL), the global technology platform and payments leader, announced an expanded global relationship to support entrepreneurs focused on democratizing access to financial services for low-wealth individuals, families and small businesses. Together, with the support of local ecosystem partners, they will operate three venture development programs in 2016, supporting emerging FinTech innovators in Latin America, the United States and India. The joint initiative represents the first time a lead program partner has entered into a global collaboration with Village Capital to accelerate innovation in one of its areas of impact.
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- South Asia
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100 Globally Competitive Startups in Ghana
Across the world, outstanding stories are told of both the young and old becoming more innovative in delivering competitive solutions to the problems that the world faces daily. From the Mark Zuckerbergs of United States of America to the Aliko Dangotes of Nigeria, the exploits of individuals in business are shaping the world and transforming economies.
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- Sub-Saharan Africa
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IFC Boosts Financial Access for SMEs in Colombia With New Loan to Banco Pichincha
IFC, a member of the World Bank Group, strengthened its support to Colombia’s small and medium sized enterprises (SMEs) with a new US$80 million loan to Banco Pichincha, a bank that strives to sharply boost its lending to Colombian SMEs and low-income students.
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- Uncategorized
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- Latin America
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NexThought Monday: Why Digital Wallets Stay Empty – and Six Ways Providers Can Help
In emerging economies throughout the world, people have flocked to mobile payment solutions, whether it’s to send money home, facilitate informal business transactions or pay bills. Yet most digital accounts are empty and serve mainly as a pass-through for such payments, which limits the transformational potential of mobile money. Here are several factors which make digital accounts an illogical store of value for people with low and uncertain incomes, and six ways providers can address this issue.
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India Post to Approach RBI for Interoperability of Its ATMs by Year End
In another step towards financial inclusion, the government is planning to make 10,000 ATMs under postal services interoperable with commercial banks, allowing consumers to withdraw money directly from their bank accounts rather than restricting them to postal accounts.
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- Uncategorized
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- South Asia
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Survey: Over 89 Percent of Rwandans Have Access to Finance
Rwanda has surpassed its financial inclusion targets with more than 89 per cent of adult population accessing financial services, a new FinScope survey 2016 shows.
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- Uncategorized
- Region
- Sub-Saharan Africa
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