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Can Mobile Banking Revolutionize the Live of the Poor?
In the village of Sori along the banks of Kenya’s Lake Victoria, fishing has long been the lynchpin of the local economy. Jobs here are largely divided by gender: men catch the fish, and the women process the meat, take it to market, and handle finances.
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Bitcoin’s Big Opportunity in Africa
On a Tuesday night at a Nairobi tech incubator, Michael Kimani preaches the virtues of crypto currencies to a small gathering of tech-savvy Kenyans.
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- Uncategorized
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- Sub-Saharan Africa
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Jeff Bezos-Backed Startup Remitly Now Offers Money Transfers to India
Remitly wants to make it easier and cheaper for people to transfer money to family and friends in India.
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- South Asia
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- digital payments
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Obama’s Visit, New Partnership Could Boost Mobile Money in India
The focus of the media attention during the president's visit was the historic invitation to be the honored guest at India's Republic Day -- a first for the U.S. and a signal of the close and evolving relationship between the two countries. However, what got little notice was something the president left behind, something that will likely contribute to the biggest transformation for the poor in India.
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- Uncategorized
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- South Asia
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- digital payments
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How a Grassroots Fund Profits From Looking Beyond the Money
It’s something many investors don’t want to hear: Businesses that provide economic opportunity for low-income people in challenging markets around the world require a lot of expensive hand-holding. Harold Rosen, founder of the Grassroots Business Fund (GBF), isn’t afraid to tell them. And, the hand-holding can be worth it.
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- impact investing
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African Development Bank promises Kenya $500 million loan for infrastructure projects
African Development Bank (AfDB) will loan Kenya Sh45 billion ($500m) this year to finance major infrastructure projects in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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India’s Jan Dhan Yojana has helped poor, but financial inclusion still far off
According to a World Bank survey in 2012, only 35% of adults in India had access to a formal bank account and only 8% borrowed from institutional and formal sources
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- South Asia
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Vodafone says policy shortcomings, lack of awareness derailing mobile money growth in India
Vodafone India has said that regulatory hurdles and lack of financial inclusion awareness is limiting the growth of mobile money, at a time when the government is pushing for greater financial inclusion.
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- Uncategorized
- Region
- South Asia
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