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Retail Chains Sign Up Mobile Wallets in India
Last week, retail chain Shoppers Stop Ltd tied up with mobile wallet FreeCharge, allowing customers to use FreeCharge wallets to make payments across 74 Shoppers Stop outlets, 17 HyperCity stores, 95 Crossword outlets, 19 HomeStop stores, and its online marketplace.
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- South Asia
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- digital payments
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Making Leeway for Generating Greater Impact in Eastern India
The Intellecap Impact Investment Network (I3N) has announced a partnership with IIM Calcutta Innovation Park (IIMCIP) to facilitate the creation of a powerful ecosystem for entrepreneurship development in Eastern India. This partnership with IIMCIP furthers I3N’s commitment and ability to generate impact in Eastern India.
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- South Asia
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- impact investing
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Tata Communications and MasterCard Join Forces to Empower 100 Million Women
At the Clinton Global Initiative (CGI) Annual Meeting closing plenary, Tata Communicationsand MasterCard announced a CGI Commitment to Action to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women. The global telecommunications leader and the leader in global payments technology join forces with a unique network of partners including Brightstar Corp, Kiva, Tone, Trickle Up and the Hidary Foundation to bring their shared vision to life over the next five years through access to transformative mobile platforms comprising a range of financial, health and education applications and services.
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This Guy Makes Hipster Shoes in Africa, but Don’t Call Him a Social Entrepreneur
When he was 24, Tal Dehtiar found himself on a bus with a gun at his head. He was hitchhiking through South America at the time, fresh off of graduating from business school. It was while on a bus in Brazil that a gunman boarded, demanding that everyone hand over their belongings.
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- Uncategorized
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- Sub-Saharan Africa
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Why the UN Sustainable Development Goals are a business opportunity
Over the weekend, Paul Polman, the CEO of Unilever, won an award at the United Nations Sustainable Development Summit. Part of the reason he won the award is a program run by Unilever in India to encourage handwashing.
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Six Lessons From Mobile Money Ventures In Developing Countries
Designing a profitable solution for an unmet market need should be business strategy 101 for most entrepreneurs, so why have so many mobile money service offerings failed?
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Kenya Announces First-Ever Government Bond to be Offered Exclusively via Mobile Phone
The Treasury has announced the first-ever Government Bond that will be offered exclusively via mobile phone, pointing to the growing relevance of mobile money solutions in the evolving payments space.
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- Uncategorized
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- Sub-Saharan Africa
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NexThought Monday: The benefits of cross-selling financial products
Formal financial institutions often struggle to justify the business case for serving poor clients. Acquisition costs are high and low balance savings are not sustainable. At the same time, providers recognize that only providing credit to clients may be profitable, but may not develop client trust and longer-term engagement. As a result, cross-selling in recent years has become a popular strategy for financial service providers, including those trying to reach lower-income clients. How can we make it work for everyone?
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