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Smart ATMs Allow Mobile Money Transactions in Zimbabwe
Smart cash machines installed by Steward Bank, which is controlled by Zimbabwe's Econet Wireless, will allow mobile money users to make cardless transactions and airtime top-ups for account holders with other banks.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments
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Why Do Female Social Entrepreneurs Pay Themselves Less?
Over the last 17 years, women-owned businesses have increased dramatically—a substantial 68% since 1977. In a world where women have long lived and worked in the shadows of men, entrepreneurship seems to be helping women narrow the gender gap in the workplace. Until you take a look at their paychecks.
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Whole Foods Market Launches Campaign to Fight Global Poverty Through Microcredit
Whole Planet Foundation is kicking off its 2015 Prosperity Campaign at Whole Foods Market with the goal of raising $5 million for microlending programs worldwide—enough to help 135,000 people lift themselves out of poverty and start a new life.
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Low-Income Filipinos Can Rely on Microinsurance When Disaster Strikes
The domestic insurance industry posted a stellar growth performance in the past year, registering an estimated 28 million Filipinos protected by microinsurance.
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- Uncategorized
- Region
- Asia Pacific
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Consumer Protection in Microfinance Exceeds 15-Million-Client Mark via Smart Certified Institutions
It’s been an exciting few months for client protection in the microfinance industry. FINCA Kyrgyzstan, MBK Ventura in Indonesia, SKS Microfinance in India, and a number of other MFIs around the world demonstrated that they successfully integrate the client protection principles into their practices and joined the rapidly growing list of institutions that are Smart Certified. Today, we’re pleased to share that the number of clients across all the Smart Certified institutions surpassed the 15-million-client benchmark.
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Swiss Prosecutor Raids HSBC Office, Opens Criminal Inquiry
Geneva's public prosecutor searched HSBC's (HSBA.L) lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.
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- Uncategorized
- Region
- Europe & Eurasia
- Tags
- regulations
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Half the World’s Banks Could Disappear, and Most of the Branches
Banks have three to five years to get their digital act together before they enter a spiral of decline, according to a paper by McKinsey & Company. This view was echoed by BBVA chairman and CEO Francisco Gonzalez, who told media and analysts at the announcement of BBVA’s latest results that up to half the world’s banks could slip through the cracks as digital transformation takes hold.
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- Uncategorized
- Tags
- digital payments
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What Impact Investors Can Learn From Microfinance
What has microfinance achieved for the world’s poor? Estimates vary widely, but 300 million people are estimated to be direct beneficiaries of the microcredit movement, and more than $68 billion may be currently invested in the industry, according to a 2010 estimate from the Consultative Group to Assist the Poor, a unit of theWorld Bank.
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