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Indian government aims to open 7.5 crore bank accounts by August 15, 2018
The NDA government has drafted a new financial inclusion plan that aims to open 7.5 crore bank accounts in rural and urban areas and extend financial services to all citizens by August 15, 2018.
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- Uncategorized
- Region
- South Asia
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M-PESA’s back: Vodacom relaunches mobile money in South Africa
Vodacom has announced that it is relaunching its M-PESA mobile money payments system today, with a new look design for South Africans.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Rwanda: Survival Instinct Takes Over As Banks Partner With Telecoms
As the fight for customers between banks and telecoms continues to grow by the day, banks have realised that the only way to ease the pressure and also stay competitive is to work with telecoms.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Incofin floats ProPulse Fund to back microfinance cos, targets institutions
Incofin has backed microfinance firms such as Annapurna, Fusion and Grameen Koota in India.
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- South Asia
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Microcredits boost rural financing in China
Opinions on Development of Financial Services to Farmer, Rural Areas, and Agricultural Production by the General Office of the State Council has proposed "accelerated promotion of microcredits in rural areas".
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- Uncategorized
- Region
- Asia Pacific
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Top 20 African tech startups, PesaPal, mobile services providers in the lead
Africa today is said to be a mobile continent, according to CNN. As such, a lot of innovative startups concentrate on developing innovative products and systems for mobile applications.
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- Region
- Sub-Saharan Africa
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PRESS RELEASE: Accion’s Frontier Investments Group Invests in Eseye
Accion, a pioneer and leader in bringing financial services to the underserved, today announced that its Frontier Investments Group has become the first institutional investor in Eseye Ltd, a global machine-to-machine (‘M2M’) technology and service provider, with a participating investment in its $9.0 million Series B financing round.
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Mobile wallet a distant dream in India
Despite a huge unbanked population and 700 million cellphone connections, the concept of mobile wallet will take some time to become popular in India as people are still unaware of its larger benefits like financial inclusion, even as the standards to make it functional are yet to be in place, experts maintain.
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- Uncategorized
- Region
- South Asia
