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Indian MFIs lap up Narendra Modi’s financial inclusion drive, plan major expansion
MUMBAI: Enthused by the Centre's plan to open 7.5 crore bank accounts over the next few years, MFIs and other such financial institutions that are working in rural areas have charted out massive expansion plans.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance
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Wells Fargo creates startup accelerator to get front-row seat on financial innovation
Wells Fargo & Co. has established the Wells Fargo Startup Accelerator, designed for startups pursuing innovation in financial services.
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- Uncategorized
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Safaricom cuts fees on low and medium value M-PESA transfers
Leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Stop charging high interest rates, Bank of Ghana tells MFIs
Microfinance companies have been urged not to charge high, unsustainable interest rates by the Head of Other Financial Institutions Supervision Department of the Bank of Ghana (BoG), Mr Raymond Amanfu.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- microfinance
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Bharti Airtel & VeriFone to drive Africa’s mobile money evolution
Bharti Airtel and VeriFone Mobile Money have reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across Airtel’s 17 operating countries in Africa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments
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Financial inclusion in India may remain an unsolved puzzle for now
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it & what lies ahead.
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- Uncategorized
- Region
- South Asia
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PRESS RELEASE: Toniic Announces Support from Omidyar Network
San Francisco, USA and Mumbai, India (August 18, 2014) – Toniic – a global network of over 120 action-oriented impact investors – is pleased to announce the financial support of philanthropic investment firm Omidyar Network.
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- Uncategorized
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- impact investing
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OPINION: A Critical New Role for the World Bank
The bank should rise to the challenges posed by remittances — a critical tool in the fight against world poverty.
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- Uncategorized
- Tags
- remittances
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