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Report: India’s Microfinance Sector Poised to Grow Robustly in Next Five Years
The microfinance sector, which is seen as a vehicle of financial inclusion, has seen a boom over the past year as government has laid more emphasis on financial inclusion. The sector is expected to grow robustly in the next few years as large players consolidate their position in their market.
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- Uncategorized
- Region
- South Asia
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Bitcoin Survey: 1 in 4 Bitcoin Users Defrauded by Exchanges
It is always interesting to learn about the Bitcoin community with a good ‘ole survey every few months, and this Spring is no different. Bitcoin in Ireland is producing this global survey and intends to get feedback from over one thousand Bitcoin owners over the next couple of months. We have the preliminary results of a sample of about one hundred and fifty respondents so far.
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Visa’s Plan to Connect 500M to Financial Mainstream
Visa’s CEO Charles Scharf has got a plan to connect half a billion additional consumers to the financial mainstream in the next five years.
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- Uncategorized
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Equity Crowdfunding Hits $662 Million in 2015
Booming investments in real estate are leading the way among equity-crowdfunded projects, which rose to $662 million in the first quarter of 2015, a big jump from the $483 million recorded in the final quarter of 2014.
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- Uncategorized
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Bamboo Finance Announces the First Close of Financial Inclusion Fund II
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, today announced the first close of $31 million in its second financial inclusion focused fund with investments from Teachers Insurance and Annuity Association of America (TIAA-CREF) and AXA-IM.
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Policy Gridlock, Red Tape Still Hindering Investments in India: Standard & Poor’s
Flagging off “developing challenges” from the ground, global rating agency Standard and Poor’s on Thursday said a policy logjam and “red tape” have hindered investments in India.
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- South Asia
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Mobile Money to Power Global Remittances
Global remittances will grow slowly in 2015, but accelerate again in 2016/17: global remittances are projected to reach $586 billion in 2015, at a slower growth rate of 0.4% due to economic conditions. However, remittances are expected to accelerate again to reach an estimated $636 billion in 2017.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- remittances
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Press Release: First Ever in India: MoneyOnMobile Enables Mobile Money Order via SMS
MoneyOnMobile (MOM), India's leading mobile payment solutions provider, has announced the introduction of one of its kind instant 'Mobile Money Order' service via SMS. This is the first time inIndia that "mobile money order via SMS" has been offered. MoneyOnMobile had earlier announced the launch of its app-based domestic Mobile Money Order service for customers in January 2015.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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