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Over 70% of Accounts Opened Under India’s Jan Dhan Financial Inclusion Drive Are Now Active
More than seven out of every 10 bank accounts opened for the unbanked, mainly for direct transfer of benefits, are seeing transactions, data showed.
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- South Asia
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NexThought Monday – What Stands Between Women and Full Financial Inclusion?
Opening a bank account – as more than 200 million people have done since India's financial inclusion push – is an important first step toward empowerment. But simply having an account is not enough; many women in India own bank accounts but lack full freedom to use them.
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More phones, few banks and years of instability are transforming Somalia to a cashless society
In the streets of Mogadishu, the future has arrived: cash is disappearing, credit cards are unnecessary, and daily shopping is speedy and digital.
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- Sub-Saharan Africa
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China’s top five banks offer free mobile money transferring service
China's five biggest lenders announced to waive fees for money transfer services through mobile banking system and give a free allowance of 5,000 yuan via online banking transfers starting from today.
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- Asia Pacific
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- mobile finance
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Is more funding the answer to Pakistan’s struggling microfinance sector?
Microfinance is a booming industry in neighbouring India and Bangladesh, but has had a slower rise in Pakistan.
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- South Asia
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The ‘Bank Of Bill Gates’ Enters a New Era
Bill Gates doesn’t like to dither. Just seven years after his philanthropic Bill And Melinda Gates Foundation cofounded an organization committed to the financial inclusion of the world’s 2.5 billion unbanked people, it now stands on its own, independent of any government and self-reliant for core funding.
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Viewpoint: What is Driving Africa’s Low Insurance Coverage?
It has been established that only about five per cent to six per cent of Africa’s estimated 800 million people, excluding South Africa, has access to insurance services.
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- Sub-Saharan Africa
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- insurance
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Where Ideas for Social Enterprise Take Wing
A graduate from Oxford University, Manas Nanda's dream was to make a social change. He found his way back to his roots by starting 'Harvest Wild', a social enterprise, with an aim to create livelihood opportunities for people living in remote forest areas in India. It was at IIM-Bangalore's incubation cell, NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), where his idea of bubble nut wash was mentored.
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- South Asia