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In India, Bandhan’s banking licence signals competition for rural microfinance
According to MFIs operating in rural areas, private banks have been charging interest rates of 24-26 per cent on a reducing balance.
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In Kenya, roaming rules to force telcos to share facilities
A ‘national roaming’ regulation is in the pipeline to make it mandatory for the existing four mobile network operators to allow cross-network usage of their facilities countrywide, the regulator said on Friday.
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Report: Global mobile payments to rise 40% this year
A new report from Juniper Research has found that the value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40% year-on-year.
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OPINION: The Oculus-Facebook Buyout: The Best Ad For Equity Crowdfunding Ever
I have written about the misconception by some members of the general public that equity crowdfunding and rewards-based crowdfunding are the same thing. Many people are misinformed and do not understand that Title III of the JOBS Act has nothing to do with rewards-based crowdfunding. If you don’t believe me, read some of the comments to the SEC where comment writers were unnecessarily worried that equity crowdfunding would kill Kickstarter and its ilk.
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New-concept flood insurance could help Bangladesh’s poor
A new insurance scheme in which pre-determined flood thresholds trigger speedy compensation offers hope for poor people in flood-prone Bangladesh, experts say.
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The Newest Player in Mobile Money Is a Bakery
This morning the World Bank hosted a panel on mobile money, the set of phone-based technologies that could bring basic financial services to the world’s poorest people. The surprise panelist was Hortensia Contreras Torres, who runs electronic services for Mexico’s Grupo Bimbo, one of the largest baking companies in the world.
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Tigo partners with 17 banks on cash transfers
TIGO has partnered with 17 major banks in Tanzania to enable its clients send and receive money through transactions between the banks and Tigo Pesa.
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Value lending for MFIs to reduce risk
Tara Thiagarajan, chairman & MD of non-banking finance company-micro finance institution (NBFC-MFI) Madura Microfinance, is trying out a unique experiment.
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