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Mobile Payment Startups Face Reluctant Indian Consumers
India has 554 million active cellphone users, yet only four percent use mobile banking. Still, the number of people who are weaning themselves off cash payments is steadily rising.
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New blow for microlenders in South Africa
GRAMEEN bank founder Muhammad Yunus, widely considered the father of modern microcredit, issued a stern warning on Friday about how microlending could become “abusive” and be misused by lenders.
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ADB clears $700 mn loan for Indian infrastructure development
The Asian Development Bank (ADB) has approved $700 million in loans to support the Indian government's efforts to accelerate investment in infrastructure which the country requires to ensure strong economic growth.
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- South Asia
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- infrastructure, lending
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Colombia to improve capital city’s public transport system with IDB loan
Colombia will improve its public transportation system in Bogota with a $40 million loan approved by the Inter-American Development Bank (IDB), making its hallmark bus system better as well as cleaner.
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- Latin America
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- infrastructure, lending
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A Financial Inclusion Revolution?: How last mile delivery and payment systems innovations could help transform India’s economy
India has been fertile ground for many emerging market innovations, in sectors ranging from health care to sustainable energy. Now the country is on the cusp of a financial inclusion revolution shaped by payment system innovations and doorstep delivery models. If it succeeds, it may provide a model of how innovation and forward-thinking public policy can help transform BoP economies.
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India’s Banks not Inclusive Enough
Are commercial banking (as it is currently practiced in India) and attainment of financial inclusion mutually exclusive?
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- Region
- South Asia
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The Next Great Innovation in Finance: Lee Babcock of ACDI/VOCA on the disruptive potential of mobile money
As part of NextBillion Financial Innovation’s launch, we invited a number of leaders to contribute their views on where innovation is heading, and what obstacles remain. Today Lee Babcock, Managing Director of Mobile Strategy at ACDI/VOCA, describes how different stakeholders can help mobile money become the next innovation to transform finance at the BoP.
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Poor are more trustworthy and bankable, says India’s Finance Minister
Seeking to promote financial inclusion, India's Finance Minister P Chidambaram today called upon banks to focus on poor customers who are more trustworthy and "bankable" as compared to large borrowers.
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