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Multinational Companies Court Lower-Income Consumers
For years, multinational companies had little interest in lower-end consumers, figuring no money was to be made. Now, they are increasingly attractive to all types of industries, from consumer product makers to technology businesses.
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Half the world will online by 2017
Over 50% of the global population will have Internet access within three years’ time, with mobile broadband over smartphones and tablets now the fastest growing technology in human history, according to the 2014 edition of the State of Broadband report.
- Categories
- Technology
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Yak’s wool social enterprise launched to rival cashmere
Tengri, a new high-end fashion label using yak’s wool, has released its first range of ethical woollens.The brand aims to shake the dominance of cashmere clothing with its alternative soft fabric. Founded by Nancy Johnston, a former charity worker, in March this year, Tengri seeks to highlight the plight of Mongolian yak herders, many of whom can no longer make a living from their traditional, nomadic lifestyle.
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JPMorgan Chase to spend $35m on promoting financial inclusion
This commitment builds on the efforts of the Financial Solutions LabSM, a separate five-year, $30 million program developed earlier this year by JPMorgan Chase and the Center for Financial Services Innovation (CFSI), to identify, test and scale innovative financial products and services to improve financial security.
- Categories
- Uncategorized
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OPINION: Safaricom, Equity Bank thin SIM wars a distraction that should not drag on
Nairobi; Kenya: The dispute pitting Safaricom against Equity Bank over the latter’s plans to offer mobile money transfer services is unnecessary and should not be allowed to drag on.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Gates Foundation offers to help monitor India’s ambitious financial inclusion scheme
NEW DELHI: The Bill & Melinda Gates Foundation has offered to help in monitoring of the progress made with regard to Pradhan Mantri Jan-Dhan Yojana, the flagship financial inclusion scheme of India's government.
- Categories
- Uncategorized
- Region
- South Asia
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Indonesia’s Financial Services Authority plans cap on microcredit interest rates, banks on alert
Indonesia's Financial Services Authority plans to set a cap on microcredit rates this year, a move that would put domestic lenders on alert as micro-lending has been seen as the most profitable credit segment.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- microfinance
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Wireless sensor warns if vaccines get too hot
A wireless sensor that sends text message alerts to healthcare workers could help better protect temperature-sensitive vaccines and provide crucial data on storage, transport and distribution infrastructures in developing nations, according to its inventors.
- Categories
- Health Care
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