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Bank On Poor Women And Phones To Drive Growth In Africa, Experts Say
Mobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent, Nigeria's finance minister, Ngozi Okonjo-Iweala, said on Monday.
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- Uncategorized
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- mobile finance
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The Rise of the Young Social Entrepreneur
Entrepreneurship is about solving a problem, not starting a company. While this isn't a new idea, today's young entrepreneurs have the advantage of the Internet, which has collapsed time and distance barriers. This means problems solved locally can have immediate impacts globally—and that's good for both people and business. A new generation of entrepreneurs is creating a new generation of technologies that are, quite literally, changing the world overnight.
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- cybersecurity
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Behind 700% Loans, Profits Flow Through Indian Reservations to Wall Street
Joshua Wrenn needed money to make the January payment for his Jeep Cherokee.The truck driver and aspiring country singer in Madison, North Carolina, got $800 within minutes from a website he found on his phone. When he called to check his balance a few weeks later, he was told he had electronically signed a contract to pay back $3,920 to a company owned by an American Indian tribe.
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- lending, mobile finance
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Micro-insurance On the Up Among Insurers and Public
While insurance penetration in general remains low, micro-insurance has seen significant growth as more banks partner with insurance firms to offer micro-insurance products to low-income earners.
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- Uncategorized
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- South Asia
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Financial Inclusion and SMEs Set to Soar in Ghana
Financial and insurance activities are expanding at roughly twice the pace of the overall economy and just 30 per cent of the population are formally banked, so industry leaders have good reason to be optimistic about the country’s financial services future.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Banking Will Soon Be Possible in India With a Basic Handset and Without Accessing the Internet
Banking will have a new look with some of the jigsaw pieces slowly falling into place. Almost all dealings between a customer and her bank will be possible with a basic handset and without accessing the Internet.
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- Uncategorized
- Region
- South Asia
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- mobile finance
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Twitter Top Ten – 11/23/14: Our favorite tweets of the week
Here are our favorite Tweets of the week.
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Weekly Roundup, 11/22/14 – Going Postal: Is postal banking a key to financial inclusion?
The U.S. Postal Service is losing some $5 billion a year. Bank branches are closing throughout low-income and rural areas. Could both problems be solved by converting the Post Office into a bank? Many countries in the developed and developing world have already done it. We highlight two opinions on whether the U.S. should follow suit in this Roundup.
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