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Deposits up 118 percent over 21 months in India’s Jan Dhan financial inclusion program
The average deposit per account under the Pradhan Mantri Jan Dhan Yojana (PMJDY) - a financial inclusion programme launched by Prime Minister Narendra Modi in August 2014 - increased 118 per cent from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to IndiaSpend analysis of government data.
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- South Asia
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Perspective: Stop Social Entrepreneurship
Social Entrepreneurship has become the new buzzword among start-uppers and venture capitalists across the world. Myths of ‘Hero-preneurs’ who change billions of lives are showcased daily by international foundations and leading economic media.
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China touts new bank’s greater understanding of developing world
The China-led Asian Infrastructure Investment Bank (AIIB) will be different from institutions like the World Bank because it has a greater understanding of the developing world's needs, officials said on Sunday at its first annual meeting.
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- South Asia
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Mercy Corps, MasterCard Target 18,000 Women in Nigeria Financial Inclusion Strategy
Under the landmark initiative, over 2,000 young women have gone through the Mercy Corps/ MasterCard programme while more than 6,000 participants from across Mercy Corps programmes have been registered for the multi-functional eID card. About 100 participants have already received their card.
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- Sub-Saharan Africa
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- mobile finance
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Beyond RCTs: How Rapid-Fire Testing Can Build Better Financial Products
Rapid-fire tests are nimble randomized controlled trials specifically aimed at improving product design. They are already common practice among technology-based companies as a way to iterate and rapidly improve their product and expand their user-base, but they can also be used to answer questions about the demand for financial products and improve other interventions that help the world’s poor. Innovations for Poverty Action explores what these trials can and cannot do.
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Ghana Parliament Speaker overrules proposals seeking to ‘ban’ mobile money services
The Speaker of Parliament, Edward Doe- Adjaho has ruled to disallow a proposed amendment by the Member of Parliament for New Juaben South, Dr. Mark Assibey –Yeboah, to the Banks and Special Deposit-taking institutions bill, currently at the consideration stage.
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- Sub-Saharan Africa
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Perspective: 6 Traits That Make Millennials the Best Social Entrepreneurs
In The Business of Good, serial and social entrepreneur Jason Haber intertwines case studies and anecdotes that show how social entrepreneurship is creating jobs, growing the economy, and ultimately changing the world. In this edited excerpt, Haber examines the six character traits that have created a unique new generation: the Millennials.
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Mexico to Accelerate Path to Financial Inclusion
Earlier this week, Mexico launched its National Financial Inclusion Strategy (NFIS), which will accelerate access to financial services for the more than half of the population currently left out of the formal and regulated financial system. 44% of adults in Mexico own a bank account.
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- Latin America