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Siemens Stiftung Announces Winners of the Empowering People Award
Global contest awards 200,000 Euros prize money to most innovative low-tech solutions that sustainably help improve lives in developing countries.
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Making Microfinance More Effective
For the 2.5 billion people who live on less than $2 per day, shocks such as illness, crop failures, livestock deaths, farming-equipment breakdowns and even wedding or funeral expenses can be enough to tip them, their families, or even an entire community below the poverty line. A major challenge for international development efforts is determining which financial tools provide durable buffers against such setbacks.
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Weekly Roundup: Preventing Zika, Improving Microfinance and Percolating Progress
It’s not too early to start thinking of creative differential pricing strategies that might help poor people afford a Zika vaccine; it's not too late for microfinance to regain some of the allure it's lost in recent years; and the time is just right for East Africa to up its coffee production game. Read all about these items, and more, in our Weekly Roundup.
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One Out of Four Financially Excluded Women Across the World Is an Indian: Study
The number of financially excluded women in India fell by 20% between 2014 and 2015, helped by the implementation of the Pradhan Mantri Jan Dhan Yojana (PMJDY), according to Omidyar Network.
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- South Asia
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State Bank of Pakistan Aims for 50 Percent Financial Inclusion by 2020
State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmed said that the central bank was pursuing a three-pronged strategy (3PS) to achieve the goal of 50 percent financial inclusion by the year 2020.
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- North Africa & Near East
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Prepaid Debit Cards Users in U.S. Will Get New Federal Protections
Prepaid debit cards are a financial lifeline for many people, but a risky one. They lack many of the basic consumer protections that credit cards and bank debit cards are required to offer. That will change next year, with a raft of new federal rules intended to clamp down on a product that has been growing rapidly despite concerns about high fees, poor disclosures and weak protections for customers when something goes wrong.
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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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- South Asia
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