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India’s newest financial institution is set to be the country’s biggest bank
The post office already has 34 million savings accounts that will now be able to avail digital banking services once they link their accounts to the IPPB.
- Region
- South Asia
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Press release: Tulaa is winner of the MIT Zambezi Prize for Innovation in Financial Inclusion
"Being awarded this prestigious prize is wonderful recognition of our team's efforts to use innovative technology to unlock the potential in rural markets in Africa, " said Hillary Miller-Wise, Founder and CEO of Tulaa. "We are humbled to have been selected from a cohort of exciting and innovative startups on the continent."
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Win a car when you donate? Social enterprise online platform to ‘incentivise giving’
With a few clicks of the mouse, individuals can now make a donation online, and by doing so, earn a chance at winning a brand new Mercedes-Benz CLA 180 Coupe, or other cash prizes.
- Region
- Asia Pacific
- Tags
- philanthropy
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Nigerian fintech startup Mines plans expansion after $13m funding round
Nigerian fintech startup Mines is planning to expand to other African markets, as well as some in Southeast Asia and Latin America, after securing significant funding last month.
- Region
- Sub-Saharan Africa
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Viewpoint: India’s Cash Ban Failed Even to Create a Bank Savings Culture
What’s going on? Some have argued that lower interest rates are the problem. That’s not an easy sell: Over the past year, India was one of the few countries with strongly positive real rates — and savings in bank deposits were a higher fraction of disposable income back in 2012-14, when Indians were dealing with negative real interest rates.
Perhaps, instead, a change in behavior is responsible.- Categories
- Finance
- Region
- South Asia
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Press release: UN reveals global number of girls not in school is increasing
Equal education for girls is an unfulfilled promise for the majority of the poorest families in low-income countries. Around 131 million girls worldwide are still out of school, and for them equality remains elusive. According to the latest UN reports, the number of out of school girls at primary level grew from 32 million in 2015 to 34 million in 2016.
- Categories
- Education
- Tags
- global development, SDGs
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China is outpacing and outspending the U.S. on global development
China doubled its diplomacy budget over the last five years, proposing to increase its foreign affairs budget by 15 percent in 2018 alone, at the same time that the United States considers proposals to cut its funding for diplomacy and development by 30 percent.
- Region
- Asia Pacific
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Purdue to be part of a $70 million consortium for global development
United States Agency for International Development, or USAID, is giving that $70 million over the next five years, contingent on congressional authorization. The agency aims for the consortium to fund research that can translate promptly and effectively into real-life solutions.
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