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MasterCard funding Grameen Foundation initiative to bring financial services to the unbanked in Kenya
MasterCard is funding a Grameen Foundation initiative to bring financial services to the poor and the unbanked in Kenya.
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MasterCard funding Grameen Foundation initiative to bring financial services to the unbanked in Kenya
MasterCard is funding a Grameen Foundation initiative to bring financial services to the poor and the unbanked in Kenya.
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Postal bank test awaits new government in India
he high profile spat between the Reserve Bank of India and the finance ministry over converting India’s loss-making 1.54 lakh post offices under India Post into a bank is likely to be one of the challenging issues that the next government will have to handle.
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Why investors are pouring millions into crowdfunding
There is no shortage of evidence testifying to the value of crowdfunding for those seeking to finance a new product idea, company, or even personal need. Just this month, Kickstarter-born Oculus VR was snatched up by Facebook for $2 billion. Smartwatch-maker Pebble sold more than 400,000 of its crowdfunded smartwatches last year. And in March, Kickstarter surpassed $1 billion in pledges made.
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- crowdfunding
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Facebook faces multiple barriers to success in mobile payments
Facebook is a digital landscape filled with memes, selfies and cat pictures. The social media behemoth does not conjure up visions of a vibrant payments ecosystem, though, especially with its past failures. But that might be about to change.
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Mor panel’s financial inclusion report may be put on back burner in India
The Union finance ministry and the Reserve Bank of India (RBI) have raised questions on viability and implementation of the recommendations made in the Nachiket Mor committee's report. The panel had, among other things, suggested a new banking structure to foster financial inclusion.
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Bacteria fighting fabric
Each year in India, waterborne diseases sicken approximately 37.7 million people. One and a half million children die of diarrhea alone, according to a report by WaterAid.
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Ebola deaths rise to 135 as vaccine research lags
As the death toll from the Ebola virus in West Africa climbs to 135 people, a vaccine to combat the deadly virus remains years out of reach.
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- Health Care