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Mobile money flourishing in Myanmar
Young migrant workers throughout the country use mobile money to make remittances to families back home. In Myanmar, only 20% of the population has a bank account. Thus, unbanked people often just carry stacks of cash when returning home.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- remittances
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Annie Ryu’s Blueprint for a Non-Exploitative Global Supply Chain
Ryu saw an opportunity, but, true to form, it wasn't one that would serve just her, and she founded her company in 2011 with the goal of creating a sustainable supply chain. Today, she partners with more than 350 farming families and supplies 2,000 retailers.
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- Agriculture
- Region
- Asia Pacific
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Five countries to watch for e-payments
A study shows that 34% of Europeans and 38% of Americans would be willing to go cash-free if they could, Reuters reported. In Asia, China is an early adopter of digital payments, with 95% of Chinese using smartphones and mobile wallets to pay for goods and services.
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- Technology
- Region
- Asia Pacific
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Opinion: Adopting the sustainable development goals is a business opportunity for Australia
Business as usual is not an option. The UN Sustainable Development Goals (SDGs), launched in 2015, are 17 goals for ending poverty, transforming health and education, improving our cities and communities, addressing gender equity and tackling urgent challenges such as climate change. Collectively, they propose a new development pathway, based on partnership between governments, civil society and business that could transform our societies.
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- Uncategorized
- Region
- Asia Pacific
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World Bank report highlights role of Agent Banking in Malaysia’s successful financial inclusion push
Malaysia has achieved one of the highest levels of financial inclusion among middle-income countries. According to data from the central bank, 92% of the adult population in Malaysia had a bank account in 2015, the second highest rate in ASEAN after Singapore.
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- Technology
- Region
- Asia Pacific
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Philippines government’s microfinance facility goes nationwide
With sufficient funds to provide to borrowers, the Department of Trade and Industry (DTI) and its micro-financing arm Small Business Corporation (SB Corp) will lead the implementation that will assist micro entrepreneurs financially and enable them to grow their businesses.
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- Uncategorized
- Region
- Asia Pacific
- Tags
- governance, microfinance
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New Partnership Aims To Lift Women Microentrepreneurs In Myanmar Out Of Poverty
OPIC and DAWN announced in early May that the former had agreed to provide a $5 million loan to support DAWN’s activities in the country. An outgrowth of Save the Children’s Myanmar operation, DAWN has been operating independently of the NGO for the past two years, with strong support from Accion and other stakeholders. When DAWN launched in 2015, it had 27,000 clients carried over from Save the Children. Two years later, it serves 80,000 women and has its eye on rapid expansion.
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- Uncategorized
- Region
- Asia Pacific
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Cambodian Government Launches $60 Million Project to Help Small Farmers
“The supply and demand in the country is not balanced—like with vegetables, so there are imports to fill the demand,” Commerce Minister Pan Sorasak said at the event yesterday at the Commerce Ministry in Phnom Penh. “We need to understand and organize a system to boost the harvests of these crops.”
- Categories
- Agriculture
- Region
- Asia Pacific
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