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JPMorgan rolls out low-fee, checkless, no-overdraft accounts
Thasunda Duckett, chief executive of Chase Consumer Banking, said she hoped the new accounts will attract more low-income individuals and people who have never had bank accounts.
- Categories
- Finance
- Region
- North America
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Lending to Rwandan Farmers Boosts Financial Position of MFIs
With commercial banks shying away from financing the agriculture sector because they consider it to be highly risky, MFIs remain the biggest lenders to farmers--especially smallholder farmers.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Can South Asia be a fintech leader?
The World Bank reckons 560 million people, including 180 million in Pakistan and Bangladesh, are detached from the financial system. Perfect, you would think, for nimble mobile money services or challenger banks.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance, fintech
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NatSave, Mastercard partner to drive digital transformation and financial inclusion in Zambia
The partnership supports Zambia’s National Financial Inclusion Strategy 2017 to 2022, which aims to increase financial inclusion from 59 per cent to 80 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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A microloan can help poor people in Bangladesh. What about New Jersey?
The Grameen Bank, one of the pioneers of microfinance, which has been operating its program in Bangladesh since the 1970s, released a study on one of its programs in New Jersey. The program works like this: Low-income women apply for a microloan as part of a small group, and all members of the group are accountable for ensuring each member makes payments.
- Categories
- Finance
- Region
- North America
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Nala has built a hassle-free, offline mobile money payment platform for Africa
While at least a hundred million Africans hold mobile money accounts, the process of transacting over the services is difficult, so Nala made an application that acts as an interface on top of the unstructured supplementary service data layer to make money transfers and payments much easier.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Viewpoint: Show Me the Money: Does Going Cashless Hurt Financial Inclusion?
At first glance, the ban on cashless stores seems to fly in the face of the drive towards a truly digital economy, but both sides of the table have compelling arguments.
- Categories
- Finance
- Region
- North America
- Tags
- digital payments
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Alarm Over Numbers of Mobile Loan Defaulters in Kenya
Currently, there are more than 380,000 Kenyans that have so far defaulted on loans taken from mobile money lenders according to a comprehensive report by Metropol Corporation CEO, Sam Omukoko.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech