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Four Major Banks Launch Branchless Banking Program in Indonesia
The Financial Services Authority (OJK), along with four of the nation’s largest banks, launched on Thursday a nationwide campaign on financial services without physical branches to help boost access to the banking system in rural areas.
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- Uncategorized
- Region
- Asia Pacific
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When Neighbours Quarrel: How M-Pesa Could Improve Tanzania-Kenya Relations
THE relationship between East African neighbours Kenya and Tanzania is a complex one, frequently eluding neat analysis, but two things reliably capture the prevailing spirit: tour vans and Kenya Airways.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Inter-American Development Bank Creates New Institution for Private Sector Operations
The Inter-American Development Bank is in the process of forming a new entity to handle its private sector activities, according to a bank employee with knowledge of the plans.
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- Uncategorized
- Region
- Latin America
- Tags
- impact investing
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Indian Microfinance Institutions Want RBI, Not Mudra Bank, as Regulator
Microfinance institutions (MFIs) are worried about the government's decision to set up the Micro Units Development and Refinance Agency, or Mudra Bank, to regulate them as there could be a conflict of interest. They want the Reserve Bank of India ( RBI) to continue as their regulator.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- microfinance, regulations
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U.S. Consumer Watchdog Unveils Plans to Regulate Payday Loans
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
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- Uncategorized
- Tags
- lending, microfinance, regulations
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85% of Kenyans Have Adopted Electronic Payment Products, Says MasterCard Study
Eighty five percent of Kenyans have adopted electronic payment products including bank accounts, mobile phone, prepaid cards or other payment products, according to a new study by MasterCard.
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- Uncategorized
- Region
- Sub-Saharan Africa
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India’s SKS Microfinance: Back From the Brink
SKS Microfinance Ltd, one of the largest microfinance companies in India, was a model for many other firms in the sector. Established by financial services professionals, the company was once considered the answer to India’s financial exclusion problem. While SKS has been through its fair share of struggles in the last four years, things are starting to look better for India’s only listed microfinance company.
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- Uncategorized
- Region
- South Asia
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Funding for Financial Inclusion Rises to $31 Billion in 2013
Global investment in affordable financial services for the poor has risen by an average seven percent per year since 2011, a World Bank think tank said in a survey released on Wednesday.
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- Uncategorized
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