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PRESS RELEASE: At SOCAP 14, Unitus Seed Fund launches its India Impact Acceleration Program
September 2, 2014: San Francisco. Today at SOCAP 14, Unitus Seed Fund launched its India Impact Acceleration Program to help improve and accelerate the early-stage impact startup ecosystem across India in three ways: by increasing connections facilitated through “startup scouts” operating across India, working with leading incubators to help create more “venture capital-ready” startups that target low-income populations, and offering financial assistance to startups that make use of our existing Venture Advisor and Catapult Partner networks.
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- South Asia
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Weekly Roundup 8/29/14 – Getting In While the Getting’s Good: Why the Bain Capital, TOMS deal could be the first of many
Going into the Social Capital Markets Conference (SOCAP14) next week, Bain Capital’s 50 percent purchase of TOMS Shoes for a reported $300 plus million was reverberating throughout social media. Most of the reactions in the impact investing community were positive, although many continued to question buy-one, give-one, model.
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India PM Launches Financial Inclusion Plan
Prime Minister Narendra Modi on Thursday launched Jan Dhan Yojana, a mega financial inclusion plan under which bank accounts and RuPay debit cards with inbuilt insurance cover of Rs 1 lakh will be provided to crores of persons with no access to formal banking facilities.
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‘Cash Burns Your Pocket’: New World Bank, Gates report finds mobile payments vital to G20 goals
Just 41 percent of adults in developing economies have a bank account - a problem that G20 nations are increasingly focused on. To that end, this week the Gates Foundation, the Better than Cash Alliance and the World Bank released a report on the potential of digital payments to advance financial inclusion - and the challenges that must be addressed.
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East Africa: Safaricom Gets GSMA Support in Mobile Cash War With Equity
Safaricom has received critical support in its bid to stop Equity Bank from using embedded SIM cards for the mobile banking and money transfer service the lender plans to introduce in the Kenyan market.
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- Sub-Saharan Africa
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The Financial Inclusion Game Changer
Today, MasterCard is launching a ground-breaking program in Nigeria with the cooperation of the Nigerian government. This program uniquely combines a national ID card with electronic payments. Daniel Monehin, MasterCard’s Division President for Sub-Saharan Africa, sat down with MPD CEO Karen Webster to discuss why today is a such significant day in payments for Nigeria and why this program has the potential to be the financial inclusion game changer everywhere in the world.
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- Sub-Saharan Africa
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Perspective: How women across Latin America are building a culture of entrepreneurship
Attitudes toward women entrepreneurs in Latin America are slowly but surely changing, mostly due to the efforts of women who are forging ahead with their enterprises and establishing new network support groups. In working with multiple partners across Santiago, Maxwell Kangkolo, co-founder of The Go Project, offers a perspective on women carving out a chasm through a male hierarchical culture.
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Airtel, Tigo claim mobile money first
Two operators in Tanzania launched a service so that subscribers to their rival mobile money services can send and receive cash with one another.Airtel and Tigo claim it is the world’s first cross-network mobile money transfer service.
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- Uncategorized
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- Sub-Saharan Africa
- Tags
- digital payments
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