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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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- 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
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- digital payments
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MasterCard to Collaborate With the Alliance for Financial Inclusion
Today, MasterCard and the Alliance for Financial Inclusion (AFI) signed a strategic partnership agreement that will enable a close collaboration within AFI’s Public-Private Dialogue Platform (PPD).
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Why Financial Inclusion May Well Depend on Cyber ID Data: Digital IDs are quick and cost-effective – but more data on unbanked customers is needed
Among the obstacles to digital financial inclusion is the challenge of serving people who lack traditional identity data. But as Trulioo founder Stephen Ufford explains, our online activity creates a digital footprint that can be used to identify us quickly and cost-effectively. He describes how Trulioo is cultivating partnerships to advance its goal of establishing a digital ID for the entire global population.
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The IRS’s Secret, Successful Low-Income Savings Program
While April 15th is generally referred to as “tax day,” that’s true for less than 20 percent of filers. For most working households tax day falls in February or early March. It’s the day when they receive their refunds, not when they file.
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Gender Gap Persists for Bank-Account Holders
A persistent gap between the portion of men and women who have bank accounts is confounding experts despite huge leaps in access to banking services and the financial system globally.
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