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Citi looks to tech and non-profits to drive financial inclusion; Gates talks bitcoin and biometrics
Citi is working with non-profit organisation Catalyst Miami on a tech-based financial inclusion programme that it believes could be replicated across the country.
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Gates Links Technology, Banking Services for Poor
Bill Gates is banking on digital technology to bring financial services to the world’s poor.
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Mobile wallet won’t take off in India unless direct withdrawal allowed: Experts
The first wave of telco-backed payments banks is slated to charge up India's mobile banking turf but explosive growth in mobile money transactions, mirroring the Africa experience, won't happen unless RBI allows direct cash withdrawals under mobile wallet services, leveraging the reach of telecom retail networks, mobile operators and sector analysts told ET.
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Philanthropic capital should be invested more strategically for poverty alleviation: Country Director, Acumen Pakistan
Farrukh H Khan is the Country Director & CEO of Acumen Pakistan and one of the leading independent business and financial advisors in the country.
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- South Asia
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Rockefeller Foundation aims for Impact
Judith Rodin is the president of the Rockefeller Foundation, which means she’s in charge of giving away one of America’s historic fortunes. One problem: “As rich as Rockefeller” doesn’t mean quite what it once did. The foundation ranks only 16th in assets among U.S. charities, according to the Foundation Center.
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NextBillion’s Most-Viewed, Most-Shared Posts for August: Investable supply chains, ATMS for all in India and angels in the UK
Investments in more ethical supply chains, India’s big ATM for all push (and the push back), and what it means to be an impact angel investor – these were among our popular and most shared posts for August.
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Unlocking the Unbanked: How cyber ID data can advance financial inclusion and ecommerce in emerging markets
Our financial systems rely on digital information footprints – credit data, banking histories, etc. – to determine whether a person is trustworthy. But many poor people live in a cash economy with no digital record of their financial history, preventing them from transacting with many companies. According to Stephen Ullford, cyber ID data offers one way to bridge this cash-digital divide and expand financial access to the unbanked.
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MFI credit bureau on course in Ghana
Work on a credit referencing system for the microfinance sector is scheduled to be completed by middle of next year, the Ghana Association of Microfinance Companies (GAMC) has said.
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- Sub-Saharan Africa
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- lending, microfinance
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