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India’s Paytm Crosses 50 Million Digital Wallets
Mobile payment processor Paytm said on Monday that it now has over 50 million wallets on its platform and is expected to touch 100 million by 2015.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Press Release: TriLinc Global Impact Fund Makes Impact Investments in Africa and Latin America
TriLinc Global Impact Fund announced today that it has approved a total of $9.2 million in trade finance facilities to companies in South Africa, Kenya, and Argentina, bringing total financing commitments as of March 31, 2015 to $76.7 million for business expansion and socioeconomic development through its holdings in Africa and Latin America.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Charities Seek Donations in Bitcoin
Charities are often open to all sorts of donations, whether in money or in kind. Now they’re turning to a new source: donations of bitcoin.
- Categories
- Uncategorized
- Tags
- philanthropy
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Insurers Must Adapt to ‘Informal’ African Market
Insurance companies are struggling to gain a foothold in Africa, where populations tend to favour community insurance schemes called tontines. These are often informal agreements between trusted friends and family members. EurActiv France reports.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Islamic Financial Services Board Adds Financial Inclusion to Islamic Banking’s To-Do List
The Islamic Financial Services Board (IFSB) is adding financial inclusion to the industry's to-do list, launching initiatives aimed at widening the reach of sharia-compliant banking to include poorer people.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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How Bitcoin Could Revolutionize Remittance in Africa
A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- remittances
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How Foundations Like Ronnie Screwvala’s Swades Are Helping Entrepreneurs Emerge From Rural India
For Ronnie Screwvala this was an unusual success story. At a community centre in Khamgaon, a village 166 km south of Mumbai, he engaged a group of 25 rural women, all dressed in pink, aged between 30 and 40, in a discussion on sanitary napkins with great enthusiasm.
- Categories
- Uncategorized
- Region
- South Asia
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Coming of Age: Institutional Investors See Investment Merit in India’s Non-Banking Finance Companies and MFIs
Institutional investors in the debt market are gradually gaining confidence about looking beyond traditional government and highly-rated corporate debt to bonds and other debt instruments issued by non-banking finance companies (NBFCs) and microfinance institutions (MFIs). NBFCs and MFIs are also helping create this new market, either by issuing debentures or pooling their debt assets.
- Categories
- Uncategorized
- Region
- South Asia
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