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Reserve Bank of India governor cautions Modi government on speed of financial inclusion scheme
Reserve Bank of India (RBI) governor Raghuram Rajan’s warning to sarakari banks, on a hunt to win maximum number of bank accounts in minimum days to make Narendra Modi government’s flagship financial inclusion scheme Jan Dhan Yojana a success, reflects the regulator’s concern on the way government using state-run banks to push its populist agenda overlooking prudential norms.
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- Uncategorized
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- South Asia
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The MasterCard Foundation: Access to Financial Services in Africa Can Transform Lives
“Greater financial inclusion is correlated with higher living standards, better health outcomes, higher education levels, and an overall improvement in well-being,” explained Ann Miles, Director of Financial Inclusion at The MasterCard Foundation.
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- Sub-Saharan Africa
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Why Don’t Small and Medium Businesses Grow?: Innovations for Poverty Action Working Group tackles the question from several angles
SMEs are thought to be the backbone of many economies, leading governments and aid agencies to spend billions of dollars on SME assistance each year. However, little evidence exists on the actual barriers to growth and the most effective solutions to alleviate these constraints. IPA’s SME Initiative is working to address this knowledge gap, and they describe the findings of several studies in this post.
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G8 report sheds light on the process of building the impact investing market
A G8 task force on impact investing published a report on September 15th, with its recommendations on how to push forward the market.
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- Uncategorized
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- impact investing
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Kenya MPs to rule on Equity Mobile Virtual Network Operator services
Equity Bank will have to wait a little longer before rolling out its Mobile Virtual Network Operator services in Kenya.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- mobile finance
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Nigeria: Massive Response to Historic Mobile Money Network
Hundreds of residents have thronged meetings and training sessions organized for prospective sales agents for the country's first super mobile money network.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- mobile finance
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Weekly Roundup 9-13-14: Movirtu’s Blackberry buyout and a $400M leap from LeapFrog
“Cloud phone” company Movirtu was best known, at least among the social enterprise crowd, for its BoP-focused applications. But it appears that flagging smartphone provider Blackberry found its top of the pyramid technology more enticing. Blackberry on Thursday announced it had purchased Movirtu for an undisclosed amount.
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- Uncategorized
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- impact investing
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More Than Just Smiles: Excellent customer service must be a top priority for any market-led financial institution, says MicroSave
In MicroSave’s research, “how I am treated by the staff (or agents) of the institution” consistently appears as a top driver of customer choice of service provider - as well as uptake and use of financial services. With the renewed interest in client-centricity, it’s important to recall the core role of customer service in serving the low income market.
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- Uncategorized
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