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Myanmar gets first national mobile money service
Myanmar Mobile Money has launched a range of services including P2P funds transfer via mobile phones as it seeks to exploit what is a prime market with an underdeveloped financial sector.
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In India, Nachiket Mor defends the need for specialized banks
Nachiket Mor, Chairman of the RBI's committee on financial inclusion, strongly defended the need to have specialised banks compared to new full service banks. He said that the idea of financial inclusion will be better served in the medium term if specialised banks such as payments only banks and lending only banks are allowed to flourish.
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OPINION: Branches Will Never Result In 100% Financial Inclusion in India
India has just 110 branches per million persons, compared with the USA which has more than 300 branches per million persons, and Spain which has an incredible 900 branches per million persons, with the next nearest in the EU being Italy with 650/mm.
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- South Asia
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Microinsurance coverage rises in the Philippines
Over 19 million Filipinos are covered by microinsurance, more than six times the number recorded five years ago, the Department of Finance yesterday reported.
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- Region
- Asia Pacific
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- microfinance
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OPINION: Why I Think the Hype About Crowdfunding Is Too Good to Be True
There are inherent risks with every new business venture, but for many, crowdfunding simply has more risk than reward.
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- crowdfunding
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New York Looks To Bring Bitcoin Out Of The Shadows
You can't put a bitcoin between your teeth, or fold a bit bill into origami. Unlike regular money, it has no physical form; it's computer code.
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- governance
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Microfinance, macro risk
MFX supports lending to entrepreneurs in low-income countries by offering currency swaps and forward contracts to international micro, small, and medium enterprise lenders to offset the risk they take when lending in the local currency of their borrowers.
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- microfinance
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(With Video) Maximizing the Micro Approach to BoP: A new book explores bottom-up solutions
Madhu Viswanathan believes “bottom up” methods are too often neglected when thinking about BoP business development. Viswanathan, a business professor at the University of Illinois, Urbana-Champaign, hopes to shift that imbalance in a new e-book, Subsistence Marketplaces.
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