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Report: 100 Million Adults Don’t Have Access to Financial Services in Pakistan
A World Bank report issued from Washington says about 100 million adults in Pakistan do not have access to formal and regulated financial services. This number accounts for about five per cent of the world’s unbanked population which stands at two billion.
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- Region
- North Africa & Near East
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The Color of Money: A Top Bank and Nonprofit Take Aim at the Racial Wealth Divide
We started writing about the Corporation for Enterprise Development a year ago, when we talked to its founder, Bob Friedman, about how the organization got its start, and where it is going with addressing asset-building and financial inclusion for low income Americans and people of color. Now, CFED has announced a new partnership with JPMorgan Chase & Co. to bring asset building initiatives to multiple cities across the country, starting with New Orleans and Miami this spring.
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Reserve Bank of Zimbabwe Approves Adoption of Agent Banking
The Reserve Bank has approved the adoption of agent banking by financial institutions as part of efforts to increase access to financial services, governor Dr John Mangudya said.
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- Uncategorized
- Region
- Sub-Saharan Africa
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IPA Announces Partnership With JPMorgan Chase & Co. to Share Evidence on Financial Inclusion
Innovations for Poverty Action announced today the beginning of a partnership with JPMorgan Chase & Co. to translate research around the world into practical insights for financial service providers engaged with underserved consumers in the U.S. and Europe. This work will be conducted in close partnership with MIT’s Abdul Latif Jameel Poverty Action Lab (J-PAL).
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Future Looks Gloomy for Ghana’s Microfinance Institutions
THE future looks gloomy for Ghana’s microfinance institutions as the country’s central bank cracks the whip on fly-night lenders that have mushroomed across the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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India: Moving a Billion People into Digital Finance
Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion.
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- Uncategorized
- Region
- South Asia
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Report: Digital Money Is Now ‘Part Of The Fabric Of The Modern World’
A recent report from Imperial College London with Citi digs deeper into digital money – its benefits, global adoption, tipping point and much more.
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Leaping Into the Future: Nigeria’s Rural Microfinance Community Gets Connected Using Stellar and Oradian
In the 1970s, microfinance began to take off as people started extending credit to small businesses and farmers as a way of getting them out of poverty. Microfinance works: the only problem is it's hard to scale; it's time-consuming and expensive to disburse and collect loans for instance. People are not able to transfer money within the country because they can't get normal bank accounts or afford to pay 20% for traditional remittance/money transfers.
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- Uncategorized
- Region
- Sub-Saharan Africa