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Five Reasons NGOs and Social Enterprises are Going Cashless
With over 250 services deployed in 89 countries worldwide, mobile money has enjoyed explosive growth among consumers in emerging markets. But digital payments are also transforming the work of development-focused organizations, many of which are shifting their bulk payment systems from cash to digital. This post explores the far-reaching organizational and financial benefits of this approach.
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New Fund for Women Is the Next Step in Kiva’s Evolution
Kiva partnered with the United States Department of State and the Inter-American Development Bank to launch the Women’s Entrepreneurship Fund on Friday, signaling the next step in the crowdfunding platform’s ongoing expansion into impact investing.
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- Sub-Saharan Africa
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- crowdfunding, microfinance
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How a Mongolian soap opera promoted financial education
In Mongolia, a project assisted by ADB and the Japan Fund for Poverty Reduction used storytelling to help people protect themselves through saving and financial planning.
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- Asia Pacific
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PayPal plans Latin America growth with América Móvil alliance
PayPal is teaming up with Mexican telecommunications giant América Móvil as it looks to expand in Latin America.
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- Latin America
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There Are Always Surprises: 11 Bank-Breaking Facts About Mobile Money and Africa
The majority of the two billion people in the world who remain unbanked and locked out of access to safe, secure and affordable financial services are in developing economies, the majority in Africa.
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- Sub-Saharan Africa
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- fintech
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The Citi Foundation Helps India Prepare to Be World’s Youngest Population By 2020
Last year, Prime Minister Modi of India launched an ambitious project that aims to train over 400 million young people in different skills by 2022. The initiative is called ‘Skill India’, with the tagline - 'Kaushal Bharat, Kushal Bharat', which means ‘Skilled India, Successful India.’ Today, every third person in an Indian city is a youth. In about four years, the average-aged person will be 29 years old and very likely a city-dweller, making India the youngest country in the world by then. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic dividend, but the benefits will be tempered with social and regional inequalities.
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- South Asia
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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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