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NexThought Monday – Counterintuitive Ideas are the Right Answer for Sustainable Enterprises
We often assume low-income communities will purchase a product or service simply because we think they would need it for more comfortable, better lives – just as we would. However, we rarely give enough importance to the social codes, the priorities, the calculations and mental process behind the actual decision-making.
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- Uncategorized
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The Thought That ISIL Might be Using Bitcoin is Keeping US Regulators Up at Night
Bitcoin fans may not enjoy the government’s attention, but they should be flattered: It means the technology they are developing is powerful stuff.
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- Uncategorized
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Mexican Banks Using Mobile Payments Technology to Enable Digital Transactions at Mom-and-Pop Stores
In a bid to increase card payments and financial inclusion, Mexican banks are collaborating with mobile payments technology vendors to deploy mPOS solutions at mom-and-pop stores. The Mexican government encourages these initiatives, as around 70 percent of all purchases in Mexico are made with cash and the informal economy represents 30 percent of GDP.
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- Uncategorized
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- Latin America
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Grameen Bank Goes Under Full State Control Today
With the tenure of the nine elected female board members having expired today, Nobel winning micro-credit organisation Grameen Bank will now be run by government-appointed board members.
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- Uncategorized
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- South Asia
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Bangladesh’s Political Turmoil Taking Its Toll on Small, Medium Businesses
The ongoing political turmoil continues to take its toll on the small and medium businesses who have borrowed money from micro finance institutions (MFIs) as the big MFIs have tightened their vigilance fearing the future impact on loan recovery.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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Upwardly Mobile: The Power of a United Approach to African Payment Innovation
The growing use of banking services in South Africa is driven by a national rollout of social security debit cards and strong economic growth across finance, real estate and business services sectors. According to the Banking Association of South Africa, just under a quarter of the adult population (23.5%) remains unbanked.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments
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Viewpoint: Smaller Banks Better Suited for India’s Financial Inclusion Drive; Modi Should Have Waited
There are too many takers for licences for small-sized banks. A total of 113 companies knocked the doors of Reserve Bank of India (RBI) with applications when the deadline expired at the close of business hours on 3 February. The list (see here) includes both the biggies and tiny names.
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- Uncategorized
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- South Asia
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For MFIs in India, Transition to Small Banks Could Be Arduous
The Reserve Bank of India’s decision to create small finance banks could be a game-changer for microfinance institutions (MFIs) in the country.
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- Uncategorized
- Region
- South Asia
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