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Afghanistan enlists faith-based banks to aid financial inclusion
World Bank data shows that only 15 percent of adults in Afghanistan have a bank account, while 16 percent cite religious reasons for not having one.
- Region
- North Africa & Near East
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Viewpoint: Postal Service banking system possible in U.S. – if past pitfalls avoided
As of 2015, about 7 percent of U.S. households were “unbanked,” meaning that no one in the household had a checking or savings account. An additional 20 percent of households were “underbanked,” meaning that they relied, at least in part, on payday lenders, check cashing services, pawn shop loans, or other non-traditional sources for financial services.
- Region
- North America
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Viewpoint: Kenya should complete transition to seamless mobile money platform
An estimated 66 per cent of the combined population of adults in Rwanda, Tanzania, Uganda and Kenya are active mobile money users.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda Legislators to Block Tax on Mobile Money
A section of Members of Parliament have threatened to block the proposed 1 per cent tax on the value of transaction on mobile money, saying it will discourage low income earners from using the service.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Using big data to link poor farmers to finance
The global growth of microfinance banks has created new opportunities for financial inclusion, with outstanding lending of $100 billion to around 200 million clients. Yet the majority of lending from microfinance institutions has been to urban populations and not to the rural poor or small farmers.
- Categories
- Agriculture, Finance
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Asian Development Bank and Maybank provide USD 20 million in finance to Myanmar microfinance sector
Maybank and ADB will improve access to financial services to even more low-income families and small-business owners.
- Region
- Asia Pacific
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Mobile Money Interoperability To Be Launched in Ghana On May 10th
The move by the Ghana Interbank Payment and settlement Systems (GhIPSS), Telcos and banks, was in response to a challenge thrown by the Vice President Bawumia, last year, for a mobile money interoperability to become a reality in Ghana.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Central Bank of Nigeria Captures 31 Million Nigerians in Bank Verification Number Project
The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian banking industry.
- Region
- Sub-Saharan Africa