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Recognizing a Neglected Opportunity: The multiple benefits of electronic wage payments
Consumer goods companies rely on massive supply chains with millions of workers in developing countries. Many of these workers are women, and many are still paid in cash – and herein lies an opportunity for change. Digitizing these wage payments could help workers and employers, while boosting financial inclusion.
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PRESS RELEASE: Accion Announces MetLife Foundation Grant to Support Financial Inclusion in Myanmar
Financial inclusion pioneer Accion announced today that the MetLife Foundation has awarded Accion a $250,000 grant over two years to support its new MFI, Dawn Microfinance, in Myanmar.
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- South Asia
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OPINION: Why turning the Postal Service into a bank isn’t nearly as ridiculous as it sounds
This remains a tremendous idea to relieve economic inequality and preserve an important public-sector ladder into the middle class; and continued agitation just might get it done.
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PRESS RELEASE: In India, MobiKwik partners with ICICI Bank to let customers add cash to their mobile wallet at branches
ICICI Bank will collect cash payments from MobiKwik customers across more than 4000 branches in the country.
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- South Asia
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- mobile finance
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Mobile money agents ‘making it big’ in Kenya’s rural areas
According to a new report by Helix Institute of Digital Finance, in non-Nairobi urban areas, profitability has increased by 26 percent while in rural areas profits for the agents have gone up by 45 percent.
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- Uncategorized
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- Sub-Saharan Africa
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- mobile finance
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5 African Bitcoin Startups to Watch
Bitcoin is gaining traction worldwide, with the first quarter of 2015 seeing record levels of investment pumped into Bitcoin startups globally. Africa is no exception to the trend, with startups springing up with innovative applications for Bitcoin in the African context – disrupting the remittance market, and making the cryptocurrency available over SMS. Here, Disrupt Africa names the five startups leading the way with Bitcoin in Africa.
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- Sub-Saharan Africa
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What The U.S. Can Learn About Financial Inclusion From The Developing World
While every country context is unique, there is much that the U.S. and developing countries can learn from each other.
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India sees more cashless transactions through internet, ATM as consumers favor virtual payment
Paperless transactions through the internet, ATM, cards and mobile devices have surpassed paper-based ones in the year leading to March 15, reiterating the fact that Indians are moving towards virtual payment.
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- Uncategorized
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- South Asia
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- digital payments
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