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New Grant to Aid Businesses Creating Jobs, Services for Poor
The Asian Development Bank (ADB) and development partners will use a new $3.6 million grant to support around 20 private sector businesses in Asia targeting poor and low-income communities.
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Indian bank launches “Branch on Wheels”
The 'Branch on Wheels' is a first of its kind initiative by any private sector bank in India.
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- South Asia
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Mastercard Exec Discusses Business Opportunities and Challenges in India
India has some challenges because it is such a huge country. The population is divided into different strata of people whom you are trying to reach out to.
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- South Asia
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Visa Partners with Airtel in Kenya to Launch Global Mobile Money Visa Card
According to Visa’s Head of Emerging Products & Innovation for Africa, Dougie Henderson said: “This strategic partnership with Airtel and Chase Bank brings the benefits of electronic payments to the under banked in Kenya by being innovative in mobile money services.
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- Sub-Saharan Africa
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PayPal’s New ‘Digital Wallet’ May Accept Bitcoin
One day after that report made the rounds, Entrepreneur magazine discovered that PayPal began to crack down on users who utilized its platform to sell bitcoin.
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- digital payments
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Home Financiers Strike Deal for Bottom of the Pyramid in Kenya
“Over the years, the country has accumulated a housing deficit of over three million, which has led to demand for housing exceeding supply and proliferation of slums. Now we are telling people to stop renting houses and move to their own homes.”
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- Sub-Saharan Africa
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Going Local: Mobile financial service providers must consider local differences in access & usability, says Grameen Foundation
Mobile finance has received a lot of attention as a way to further financial inclusion. But the mobile phone is not yet accessible enough to reach significant portions of the unbanked, with poor women in particular being left behind. New research from Grameen Foundation explores large variations in mobile phone comfort levels and usage patterns among poor, rural women in India and the Philippines.
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The Other Driver of Financial Exclusion: Poverty alone isn’t keeping people unbanked, says Ignacio Mas
Much of the discussion in financial inclusion revolves around poverty. But in Part 6 of our Mobile Money Movers series, thought leader Ignacio Mas explains why poverty itself isn’t the biggest thing keeping the unbanked out of the formal financial system. Mercy Corps’ Kyla Yeoman interviews Mas in this fascinating and wide-ranging video Q&A.
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