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Gates Goes in on Impact Investing: What the philanthropist’s investment in Unitus Seed Fund could mean for BoP investors
Acting as a private investor, Bill Gates has made a contribution to the Unitus Seed Fund, which provides venture capital to base of the pyramid businesses in India. Beyond the immediate benefit, the personal investment from Gates could be a shot in the arm for impact investing.
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Jan Dhan may win Guinness record for Modi, but duplicate accounts can burden banks
he Narendra Modi government is in dialogues with the Guinness World Records team to bag a record for the government for opening maximum number of bank accounts in minimum number of days, according to persons familiar with the development.
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- Region
- South Asia
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G20 vows to reduce cost of transferring remittances to 5%
Taking concerns of India and other developing countries on board, the G20 today vowed to take "strong practical" measures to reduce the global average cost of transferring remittances to five per cent.
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OPINION: Why India, not China, is a better investment partner for Africa
Did you read the story on Chinese investment in Africa? They’re being published in droves, usually with a vaguely racist headline, like “Booming African lion economies gear up to emulate Asians.”
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- South Asia
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DFID, Gates Foundation to set up digital financial services unit in Pakistan
The United Kingdom (UK) government’s Department for International Development (DFID) on Monday signed a memorandum of understanding (MoU) with the Bill and Melinda Gates Foundation to set up a digital financial services (DFS) unit in Pakistan.
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- North Africa & Near East
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Mobile payment startup taps into Indian villages
Ezetap, a mobile payment startup, wants to connect small Indian villages with business and is using its mPoS to do so, Business Standard reported.
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NexThought Monday – Mobile Money Interoperability is Not a Silver Bullet for Financial Inclusion
Interoperability between mobile money operators is a hot topic right now. Various stakeholders have placed it at the top of their agenda, hoping it will prove to be a key to increasing mobile money adoption and advancing financial inclusion. But though interoperability can undoubtedly help extend the reach of mobile money, Selma Ribica of Vodafone Group argues that it can also pose significant risks.
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PRESS RELEASE: Unitus Seed Fund adds more prominent investors
November 16, 2014. Bangalore: Unitus Seed Fund announced that it has now raised over USD $4 million from 16 high net income Indian investors in its Indian rupee fund, and Seattle area tech executives, including Steve Singh, Diego Piacentini, and Bill Gates have invested in Unitus Seed Fund’s affiliated offshore venture fund.
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- South Asia
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- impact investing
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