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India’s Bad Loans Situation May Not Have Peaked Yet, Says RBI Chief
India's banking system may not yet have seen the peak in bad loans, the Reserve Bank of India Governor Raghuram Rajan said on Thursday, adding the central bank was working with lenders to recognise and resolve these non-performing assets.
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- Uncategorized
- Region
- South Asia
- Tags
- lending
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Press Release: TriLinc Global Impact Fund Makes Impact Investments in Africa and Latin America
TriLinc Global Impact Fund (“TriLinc” or the “Company”) announced today that it has recently approved $3.97 million in trade finance transactions to companies in South Africa and Argentina. The transaction details are summarized below.
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- Uncategorized
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- impact investing, lending
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Walmart Taps Alipay to Bring Mobile Payments to 25 China Stores
The world of mobile payments in China keeps heating up.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Press Release: Wave Closes $10 Million Investment to Provide Tools for Owners of Small- and Micro-Businesses
Wave (waveapps.com) has closed a $10 million Series C investment with participation from CRV, The Social+Capital Partnership, OMERS Ventures, and a strategic investor in the global fintech software space. This brings total investment in Wave to $35 million, with the new funds earmarked for ongoing innovation and development of small business financial tools.
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- Uncategorized
- Tags
- impact investing
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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.
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- 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.
- Categories
- Uncategorized
- Region
- South Asia
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