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Deutsche Bank Closes $50 Million Social Enterprise Fund
Deutsche Bank’s Global Social Finance Group today announced the closing of the Essential Capital Consortium (ECC), a five-year USD 50 million social enterprise fund, which is part of its family of social impact funds first launched in 2005.
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- Uncategorized
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- microfinance
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Next Phase of Jan Dhan Yojana to Mobilize Financial Savings
The finance ministry on Wednesday said the next phase of the government's ambitious financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana (PMJDY), will be focused on mobilisation of financial savings to reverse the decline in the savings rate.
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- Uncategorized
- Region
- South Asia
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India’s Top Mobile Wallet App Adds Support for Payments to Bank Accounts
Paytm, a India-based mobile payments service operated by (now) Alibaba-backed One97, has introduced a big new feature that lets 25 million users transfer money to bank accounts.
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- Uncategorized
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- South Asia
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- digital payments
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Grameen Foundation USA Partners with MetLife Foundation to Provide Microfinance in Uttar Pradesh
Grameen Foundation US has partnered with MetLife Foundation to provide savings and other services to at least 40,000 poor and women clients in Uttar Pradesh.
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- Uncategorized
- Region
- South Asia
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- microfinance
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Bramer Bank Provides Gateway to Investment in Africa
Mauritius is the easiest place to do business in Africa, offering a compelling banking environment for industry pioneers such as Bramer Bank.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Zebpay Launches Bitcoin Mobile Wallet in India
Tech firm Zebpay on March 11 announced launch of its 'bitcoin' mobile wallet in the country. The wallet, which is in form of a mobile application, will help its user buy, sell and transact in bitcoins, which is presently valued at around USD 280 per unit at present.
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- Uncategorized
- Region
- South Asia
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- digital payments
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Gates Foundation Issues Mobile Money Data Challenge
The Bill & Melinda Gates Foundation is continuing its push to accelerate the adoption of mobile money in the developing world by offering grants to firms that devise ways to capture data relating to the delivery and use of digital financial services.
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- Uncategorized
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Women: The Unbanked “CFOs”
There are 2.5 billion in the world without a bank account. That number is familiar and been reported widely. What’s lesser known is that a majority of those 2.5 billion unbanked people are women.
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- Uncategorized
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