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Australia initiative aims to help non-profits prepare for impact investment
The Impact Investment Ready initiative, launched Tuesday by Impact Investing Australia and Philanthropy Australia, will support not for profits with Discovery Grants, as well as for-purpose organisations with Growth Grants. Philanthropy Australia’s Chris Wootton, who manages the Discovery Grant arm of the program, said impact investment was a significant opportunity for not-for-profit organisations to secure funding.
- Categories
- Impact Assessment, Investing
- Region
- Asia Pacific
- Tags
- ESG, impact investing, philanthropy
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Bharat Financial begins Aadhaar-based cashless loan disbursal in India
In a first of its kind move in the micro-finance and financial-inclusion space, Bharat Financial Inclusion on Wednesday launched Aadhaar-based instant and cashless loan disbursal. It took less than seven minutes for 30-year-old Guddi Devi to apply and receive ₹29,565 loan for a new grocery shop she intends to set up.
- Categories
- Technology
- Region
- South Asia
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Grameen America, Citi and Mastercard Collaborate on Financial Inclusion for Female Entrepreneurs
Grameen America, a leading nonprofit microfinance organization, today announced a collaboration with Citi and Mastercard to introduce a number of financial technology solutions that will greatly enhance the organization’s ability to promote digital financial access and inclusion for more than 86,000 low-income minority women entrepreneurs across the United States.
- Categories
- Technology
- Region
- North America
- Tags
- digital payments, fintech
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Are venture funds missing out on a huge India opportunity?
Are venture funds missing the wood for the trees in India? Even while there is talk of a suspected slowdown in startup funding, the amount of money sloshing around is large. But how much of an impact is it having, and why is the average Indian not being affected by it? For that, you have to pause and take another look. What do you see?
- Categories
- Uncategorized
- Region
- South Asia
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Fewer Than 50 Percent of Global Consumers Trust Businesses to Protect Their Financial and Payments Data
Consumers across the globe are more concerned with protecting their financial and payments information stored on a computer than they are with protecting this data when stored on a mobile wallet, according to new benchmark data, "Global Consumer Survey: Consumer Trust and Security Perceptions," from ACI Worldwide (NASDAQ: ACIW) and Aite Group. The global fraud study of more than 6,000 consumers across 20 countries revealed that only 43 percent of global consumers trust businesses, including restaurants and merchants, to protect their financial data -- while surprisingly, more than 80 percent of global consumers generally believe their mobile wallet data is secure.
- Categories
- Technology
- Tags
- data, digital payments, fintech
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Safaricom Rejects Regulator’s Surveillance Plan
Kenyan operator Safaricom has expressed its displeasure and hesitation over plans by the industry regulator to monitor mobile phone use, reports Citizen News. This comes after the Communications Authority (CA) announced it would be installing a monitoring device on all operators’ networks to keep an eye on mobile users who may be engaged in illegal activity and curb use of counterfeit phones in the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Visa Says Malaysia Is the Next Big Mobile Payments Market
Finding the next big growth market is a challenge for pretty much anybody, and mobile payments firms are no different.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Securitization portfolio of Indian microfinance industry plummets in Q3 due to note ban
The cash-intensive microfinance industry’s securitisation portfolio plummeted in the quarter ended December because of demonetisation, according to a report released on Thursday by Microfinance Institutions Network (MFIN).
- Categories
- Technology
- Region
- South Asia
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