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The G2P Silver Bullet? Not So Fast.
Many governments offer cash transfers to millions of people at or below the poverty line, most of whom are not connected to the formal financial system. If these cash transfers are funneled into bank accounts rather than paid directly out in cash, these people immediately gain an on-ramp to financial services. But there is a resounding dissonance between enthusiasm for this solution, and the evidence to date.
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India Post Payments Bank Begins Recruitment for CEO, Key Posts
India Post Payments Bank, which plans to commence operations next year, has started the process of recruitment for key positions such as Chief Executive Officer, Managing Director and Chief Technology Officer.
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- Region
- South Asia
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FICO and Lenddo Partner to Extend Credit Reach in India
FICO, the world leader in credit scoring, has today announced a new partnership with Lenddo, a specialist in credit and verification technologies. Together, the companies plan to develop a credit risk score for consumers in India who have a limited or no formal credit history.
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- South Asia
- Tags
- credit scoring
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IMF Releases the 2016 Financial Access Survey, A Key Tool to Foster Financial Inclusion
The International Monetary Fund (IMF) released today the results of the seventh annual Financial Access Survey, a key source of data on financial inclusion.
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Viewpoint: It’s Time That For-Profits Start Learning From Nonprofits: Here’s How
As cofounder of a firm that helps nonprofits hire leaders, I’m frequently asked for advice on how someone with a strong private-sector track record can make a move to more mission-driven work. These "sector switchers" are frequently armed with somewhat tone-deaf pitches about how they’re ready to "give back," both by doing socially focused work and by teaching the nonprofit sector how to operate more like the private sector. To those of us who’ve been working with nonprofits for years, however, that pitch is alienating.
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Almost Every Household in India Has a Bank Account, Says Labour Bureau
Almost every household in the country is a part of the banking system, mainly due to government’s financial inclusion plans, the latest Labour Bureau data showed.
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- South Asia
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A Global Push for Youth Financial Inclusion Gains Steam—and Some Big Backers
The global dialogue about the importance of bringing children and young people in financial inclusion landscape has grown over the past few years.
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Tanzanian microinsurance startup Jamii prepares to expand across Africa
Tanzanian micro-health insurance startup Jamii will be expanding across Africa, on the back of grant money from the Bill and Melinda Gates Foundation.
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- Region
- Sub-Saharan Africa