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Micro lenders eye growth paths in Myanmar
World Vision is attempting to become the first NGO to obtain a commercial license for its Microfinance Institution (MFI) arm in Myanmar, as the industry increasingly professionalizes, more commercial players enter and rules governing the sector are established.
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- microfinance
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Branchless Banking: Mobile accounts still a fraction of total transactions in Pakistan
The latest quarter-on-quarter increase of 16% in the number of branchless banking transactions for January-March, the most recent three-month data the State Bank of Pakistan (SBP) has released, is by no means a small feat.However, while the SBP believes growth expectation in coming quarters is “fairly high,” dominant players in branchless banking say it is time the industry progressed from the over-the-counter (OTC) business model to mobile accounts.
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E-Bay to buy Braintree to boost PayPal’s mobile presence
EBay Inc. will buy payments service Braintree Payments Solutions LLC for $800 million in cash, making a big bet to secure the pole position in the race to get consumers to pay for goods and services on smartphones.
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- Technology
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Philippines central bank in broad Islamic finance push
In what could be one of the most ambitious efforts to facilitate Islamic finance in a non-Muslim country, the Philippines' central bank is pushing several initiatives to develop the sector and encourage financial inclusion of the Muslim minority.
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- Asia Pacific
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Not Your Mother’s Microfinance
Forward-thinking small business owners across the developing world are turning to the online space as an alternative source of small business loans.
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Speed, convenience, safety: contactless payments’ role in mobile money transfer
With the steady introduction of contactless payment systems in parts of South Africa, a new wave of convenience for low-value transactions is becoming a reality.
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- Technology
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- Sub-Saharan Africa
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World’s first social impact insurance entity, HUGinsure, announced at the Clinton Global Initiative
The world’s first social impact insurance entity, HUGinsure, was launched on Sept. 24 at the 2013 Clinton Global Initiative (CGI) Annual Meeting by Dalberg and Hollard Insurance.
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- Impact Assessment
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Financial services access hits 67% on mobile payments
Two thirds of Kenyans are now able to access formal financial services indicating increased deposit mobilisation in the country following success in mobile payment services and increased penetration by commercial banks.
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- Sub-Saharan Africa