-
This Is How Cryptocurrencies & Blockchain Could Solve Asia’s Financial Inclusion Issue
In 2016, staff members within the International Monetary Fund (IMF) suggested that virtual currencies could promote financial inclusion. The IMF issued the standard cautions about how virtual currencies (VCs) might be used for money laundering, terrorism and other nefarious purposes. But it also wrote that, “VCs offer many potential benefits, including greater speed and efficiency in making payments and transfer--particularly across borders--and ultimately promoting financial inclusion.”
- Categories
- Technology
- Region
- South Asia
-
Nomura launches fintech partnership in India
As part of its attempts to encourage entrepreneurship in the financial market space, Japanese financial major Nomura has launched its 'Voyager -Nomura FinTech Partnership' in India. The global financial major is inviting entrepreneurs to participate in the program to build innovative solutions for capital markets and investment banking that can be deployed across the firm and financial industry, said a statement issued by the company.
- Categories
- Uncategorized
- Region
- South Asia
-
New Guide Helps Investors ‘Make a Clean Break’ from Fossil Fuels
Make a Clean Break: Your Guide to Fossil Fuel Free Investing — an update to previous versions released in 2014 and 2013 — provides improved insights and analysis about the potential financial advantages of eliminating fossil fuel corporations from investment portfolios and reinvesting in clean, sustainable and solutions-oriented investments that are advancing the transition toward a zero-carbon economy.
- Categories
- Environment, Investing
- Tags
- ESG, impact investing
-
IMF Brings Down India Forecast Post-Demonetisation
IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that had been announced a little bit unexpectedly, actually."
- Categories
- Uncategorized
- Region
- South Asia
-
Fintech: Africa welcomes emerging fintech startups
Given financial technology is about smart, innovative, flexible start-ups looking to eat away at traditional financial firms’ intermediary roles, it is not surprising that Africa, with its woefully inefficient banks and sclerotic infrastructure, is feeling the full force of the fintech wave. According to industry players, there is a hive of fintech activity now in most major capitals of Sub-Saharan Africa.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
-
We do not expect any returns from impact investing: Sunil Kant Munjal
Sunil Kant Munjal, the Hero Enterprises, has invested Rs 100 crore in impact investment in firm Aavishkaar's new fund, Aavishkaar Bharat Fund. The investment, made in Munjal's personal capacity, is part of the Rs 2,000-crore corpus that the social venture capital firm is targeting for its new investment vehicle.
- Categories
- Impact Assessment, Investing
- Region
- South Asia
- Tags
- impact investing
-
Aadhaar leads to greater financial inclusion, says survey
Better financial inclusion is being highlighted as the biggest benefit of the Aadhaar card, according to a survey.
- Categories
- Uncategorized
- Region
- South Asia
-
India’s Note Ban Shrinks Microfinance Securitisation by 79% in Second Half of FY17
The impact of demonetisation on microfinance securitisation volumes has led to a slump of 79 per cent in the second half of FY17′. “The decline is to the tune of 79 per cent in the second half of the FY17′ at Rs 1,650 crore compared to Rs 8,000 crore in the six months of the previous year,” ICRA Head–Structured Finance, Vibhor Mittal told PTI.
- Categories
- Uncategorized
- Region
- South Asia
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.