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India’s largest mobile wallet to split into separate payments, ecommerce apps
The country's largest mobile wallet Paytm will hive off its bread-and-butter payments business as a separate app, with the current app focusing on shopping.
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- South Asia
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Grameen Foundation Announces Steve Hollingworth As New CEO
The Board of Directors of Grameen Foundation announced today the selection of its next president and chief executive officer (CEO) Steven L. Hollingworth, a distinguished leader in the field of poverty eradication. He has been the chief executive officer of Freedom from Hunger since 2011, where he has been a transformative leader focusing the organization on the intersection of poverty, financial services, hunger and health in partnership with other organizations.
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Moving Beyond Microcredit
Microfinance pioneer Muhammad Yunus was driven by the idea that many of the world’s poor are entrepreneurs who could bootstrap their way out of poverty if only they had access to startup capital. But in practice, loan recipients are often already in the middle class, at least relative to local standards. And Yunus did not anticipate the practice becoming a commercial one, which he now blames for higher interest rates.
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Can social entrepreneurs drive inclusive growth in India?
Over 60% of the Indian population still lives on less than $2 (about Rs.130 at current rates) a day. In the World Economic Forum’sInclusive Growth and Development Report 2015, India is placed second highest in terms of net income inequality among 34 countries in the lower-middle-income group.
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Will Southeast Asia Be the Epicenter of Mobile Finance and Commerce 2.0?: Ten takeaways from the Mondato Summit Asia
The Mondato Summit Asia explored the latest concepts and use cases in the mobile finance and commerce (MFC) ecosystem in the region. This post highlights 10 key takeaways from the conversation, as panelists and participants discussed whether Asia was on the cusp of "MFC 2.0."
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Women social entrepreneurs are driving transformation
Globally, societies are riddled with multiple problems and long-standing issues that remain unresolved by the institutions and the government sector. This is where social entrepreneurs step in to challenge, question and rethink concepts and assumptions.
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- South Asia
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Manila Hosts Summit on Asia Pacific Financial Inclusion
The Philippines is hosting the inaugural Asia-Pacific Financial Inclusion Summit from Oct. 27-29 to augment financial inclusion in the Asia Pacific region. It is being held at the Makati Shangri-La in Manila.
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- Asia Pacific
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Viewpoint: Upcoming IPOs Will Be an Acid Test for Indian MFIs
Between 2007 and now, globally, two microfinance institutions (MFIs) got themselves listed on the stock exchanges. In the next six months, this number will be doubled; it could even be trebled. And, all entities opting for public listing are from India.
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