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Microlender’s contest to boost Philly-region small business
Lend for Philly is a contest designed for college students. But the ultimate winner, say its organizers, will be small businesses.
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- microfinance
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As Myanmar opens up, will mobile money emerge?
It’s an unprecedented moment in Myanmar’s history as the country opens up to financing, technology and connectivity. Will mobile payments play a role in transforming the country?
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- Asia Pacific
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- mobile finance
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Digitizing Savings Circles for the Base of the Pyramid: Bringing a centuries-old concept into the digital age
Traditional savings circles have existed in different forms for centuries, and are popular in immigrant communities in the U.S. and emerging markets around the world. Accion Venture Lab discusses how the Internet and social media are allowing companies to formalize and digitize them to make them more accessible to a greater number of people.
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PRESS RELEASE: Accion Venture Lab Invests in eMoneyPool
March 4, 2014 – Today Accion announced an investment in digital savings company eMoneyPool (EMP) through its Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups.
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Indian banks gung-ho about financial inclusion, but not agents
Financial inclusion is not yet a profitable proposition, but banks remain gung-ho about the initiative, predicting future dividends from the market reach that comes with improved access to finance.
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- Region
- South Asia
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Mobile banking key to financial inclusion in Bangladesh
Mobile banking is the perfect platform for Bangladesh to take financial services to the country's largely unbanked population in an efficient and low-cost manner, an analyst from Visa said.
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- Region
- South Asia
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Reserve Bank of Zimbabwe moves to end “mobile war” between telecommunications players
THE Reserve Bank of Zimbabwe (RBZ) has directed mobile payment system operators that want to enter into exclusive arrangements with agents to seek permission as the central bank moves to end the “mobile war” between telecommunications players.
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Bank in Chile launches app that lets people transfer money using Facebook
The Chilean unit of Spanish bank BBVA is launching a service that lets people transfer money using Facebook. The service begins March 3 and the bank says it's the first of its kind in Latin America.
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