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Buddhist Monk in Thailand Relies on Karma for Lending Success
Buddhist monks aren’t really known for dipping into the material world of finance. Phra Subin Paneeto, though, says he felt he didn’t have much choice when he saw his neighbors near Thailand’s border with Cambodia were struggling to make ends meet.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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How NGOs Can Help Unleash Cuban Remittances
Remittances to Latin America and the Caribbean set a new record high last year, at a total of $65.4 billion, the Inter-American Development Bank revealed Tuesday.
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- Uncategorized
- Region
- Latin America
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Kenya’s Mobile Finance Revolution Takes the Next Steps: Two new developments go far beyond mobile money
Kenya’s mobile finance market is evolving, and for the country’s leading financial services players, that evolution has been a profitable one. But beyond M-PESA’s remarkable payments revolution and the continued growth of M-Shwari’s mobile banking services, there are two other important developments in the Kenyan market. MicroSave founder Graham Wright discusses their impact.
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- Uncategorized
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Viewpoint: Contributory Social Security Schemes Launched Last Week in India Could Be Game Changers
The prime minister launched three welfare-enhancing pension and insurance schemes on May 9. In a country where less than 10 per cent of the population has insurance cover and almost nobody in the unorganised sector has a pension plan, these three schemes are expected to play a significant role in providing social security for the poor.
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- Uncategorized
- Region
- South Asia
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Viewpoint: Does Virtual Currency’s Past Dictate Its Future?
After almost 20 years in the payments industry, I've learned to appreciate its history. That's why, with the growing popularity of virtual currency over the past couple years, I decided to do some digging into its past.
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- Uncategorized
- Tags
- digital payments
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Nigeria: Cement Firm Partners With Microfinance Bank to Build 5,000 New Homes
A NEW deal has been sealed between a cement firm, Messrs United Cement Company of Nigeria (UNICEM) and microfinance bank for the building of 5,000 new housing units in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- microfinance
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Cash Aid Feeds Business Surge in Northern Kenya
When the government of Kenya began giving cash instead of food aid to poor people in Kenya's drought-stricken northern region, the aim was to help them buy food more efficiently and conveniently.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Uber Begins Testing Cash Payments in India
Uber today announced that it will begin testing a cash payments system in Hyderabad, India, marking a global first for the credit card-based mobile app. In a blog postpublished today, the company described the initiative as an "experiment" in a part of the world where many consumers prefer to pay for services in cash.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- transportation
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