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Press Release: Massive Drop in Number of Unbanked, Says New Report
From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20 percent to 2 billion adults, says a new report released today.
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- Uncategorized
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The Slow Global Spread of Savings Accounts
Last year, researchers travelled around the globe to talk about personal finance with a hundred and fifty thousand people, representing a range of socioeconomic classes, and living both in cities and in remote, rural parts of more than a hundred and forty countries.
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- Uncategorized
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Why Ethiopian Financial Services Industry Is Slow on Mobile Banking
Ethiopia’s heavily regulated financial service sector is one of the least developed on sub-Saharan Africa with over 80 million people from a population of 94 million still unbanked, despite the rapid economic growth the horn of Africa nation has experienced over the last decade.
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- Uncategorized
- Region
- Sub-Saharan Africa
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2014 Mobile Money Transfers Up By 80 Percent in Zimbabwe
The value of mobile money transfers rose by 80 percent to $1,4 billion in 2014 against the prior year in tandem with the now widespread use of cell phones in Zimbabwe.
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- Technology
- Region
- Sub-Saharan Africa
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China Is Fertile Ground for Growing Internet Finance
The recent establishment of private Internet banks has ushered the banking industry into an era where banks need no brick-and-mortar offices. Technologies like big data make this possible, yet there is disagreement over how much potential Internet finance has.
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- Technology
- Region
- South Asia
- Tags
- regulations
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India’s Social Entrepreneurs Promised “Maximum” Support From Minister
The Indian government will put its ‘heart and soul’ into supporting social entrepreneurship – the minister for science, technology and earth sciences has pledged.
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- Region
- South Asia
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Entrepreneur and Artist Aim to Curb Global Infant Mortality Rate
When Jane Chen and Drue Kataoka met at the Forum of Young Global Leadersin 2012, they quickly formed a friendship based on their shared passion for carrying out socially impactful work. They both came from significantly different backgrounds — Chen is the co-founder of Embrace, a startup that hopes to curb high worldwide infant mortality rates by way of the low-cost Embrace infant warmer, while Kataoka is a visual artist whose often interactive work aims to bridge the perceived gap between art and technology. Flash forward three years, and the two women have launched a unique collaboration that combines Chen’s business and Kataoka’s art to raise awareness of and ultimately decrease high global infant mortality rates.
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- Health Care, Impact Assessment
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Ikea Launches Range Made by Worker Co-operatives
IKEA has launched a new range of products created by women’s co-operatives in rural India.
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- Uncategorized
- Region
- South Asia