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Modi Promises Access to Banking for India’s Poor
Prime Minister Narendra Modi promised on Friday greater access to financial services for nearly 500 million Indians who do not have a bank account, many of whom are now at the mercy of money lenders who charge extortionate interest.
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- Uncategorized
- Region
- South Asia
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Airtel, Voda, Idea move to cash in on mobile payments in India
Till a few years ago, Sachin Dhaval had to visit the collection centre of SUMUL, the Surat-based milk co-operative, to pay cash a day in advance for placing his orders.
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- Uncategorized
- Region
- South Asia
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Mastercard and Indosat give 60M Indonesians access to electronic payments
Indonesian mobile operator Indosat is making it easier and more secure for Indonesians working abroad to send money back home to family and friends by adding the MasterCard-backed HomeSend service to its offerings, the telco said this week.
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- Uncategorized
- Region
- South Asia
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Uganda: Airtel introduces mobile money saving solution
Airtel Uganda, in conjunction with Grameen Foundation, has developed a service that will allow Village Savings and Loan Associations (VSLAs) and other forms of savings groups, such as Chamas or investment clubs, to store their group’s cash as mobile money.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Risky Business: How financial vulnerability exacerbates traditional business risk
About half of all businesses in the U.S. will fail within their first five years. And the fewer resources and options business owners have, the more they stand to lose if their business goes under. CFED studied U.S. microbusiness owners to learn about their financial behavior and challenges - and how financial capability could help them succeed. Here’s what they found.
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Students Don’t Have To Drop Out To Thrive As Social Entrepreneurs
For young social entrepreneurs, fellowships such as Thiel, Ashoka, and Echoing Green provide guidance and resources that can be essential for launching their projects without having a college affiliation.
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- Uncategorized
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Embattled African Bank gets bailed out
AFRICAN Bank has been bailed out as the Reserve Bank said on Sunday it would pay R7bn for its bad loan book, which allows it to continue lending and safeguards its retail deposits.
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- Uncategorized
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- Sub-Saharan Africa
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OPINION: Microloans for consumption spell ruin
AFRICAN Bank may have been the first to fall, but this is just one part of a tragic story that concerns all microlenders who provide cash loans to fund consumption, which affects SA much more broadly and deeply than the collapse of a single business.
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- Uncategorized
- Region
- Sub-Saharan Africa
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