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Imagine if every time you picked up your paycheck, you had to navigate a long and dangerous ride, deal with endless lines and cash shortages at the bank, and pay expensive fees and bribes – a process that cost you several work days and up to 15 percent of your salary. That used to be the situation facing health and education workers in Liberia, but the government’s innovative use of mobile money has turned things around. Erica Bustinza of FHI 360 oversees the program that made this possible, and she discusses its impact.
Revolutionizing Payday: Mobile Money’s Transformative Impact on Liberia’s Public WorkersNews
Digital transactions, currently running around 900 billion rupees ($14 billion) a month, are a tempting target for cyberthieves, who have created malware targeting digital banking customers.
Malware threatens India’s mobile banking revolutionNews
Without a financial history, small shop owners struggle to access loans. A new project from Mastercard helps them build up a track record of payments through digitizing their orders from local wholesalers.
Mastercard’s New Platform Helps Kenyan Micromerchants Get Credit–And Restock FasterBlog Post
When it comes to off-grid solar energy, we tend to think of market extremes such as rural poor people in developing countries without any electricity or well-off people in developed countries looking to charge up their Teslas. But Lori Chatman of Enterprise Community Loan Fund and Ismael Guerrero of the Denver Housing Authority detail a project to bring green power to public housing residents in the Mile High City. The project could serve as a model for impact investors looking to improve health, expand green jobs and earn a return.
Solar + Housing = Impact: Why Investors Should Boost Renewable Energy in Affordable HousingNews
Pi Pay, although little-known outside of its native Cambodia, has scaled quickly to become a ubiquitous digital wallet solution and the first e-commerce app to gain real traction in a city where many residents still refuse to trust credit cards and banks.
Cambodia Has Its Own Mobile Payment App, But Will It Catch On Beyond Phnom Penh?News
It's not clear Fink has done much to back up that 2014 letter. The biggest buyer of its own stock is Apple Inc., which is on track to spend about $235 billion since 2012. The second-biggest investor in Apple, behind Vanguard, is BlackRock, which through its funds holds just more than 6 percent of the iPhone maker's stock. Fink seems to be in a good position, better than pretty much anyone else, to tell Apple to quit, or at least limit the buybacks. And yet there is no record he has. And Apple certainly hasn't curbed its stock buybacks.
Opinion: Larry Fink Talks the Talk But Neglects the WalkBlog Post
If it takes a village to raise a child, then it takes an entire ecosystem to shepherd a social enterprise from inception to scale. But that ecosystem too often is splintered with investors, accelerators and other advisors sorting themselves into silos. Alex Pan and Mark Correnti, with the Miller Center for Social Entrepreneurship, advocate for a "structured collaboration," with accelerators taking the lead as honest brokers.
Seeing Beyond Silos: A More Holistic Approach to Supporting Social EntrepreneursBlog Post
Banks can be intimidating places for people who have never set up an account, let alone stepped foot in one. But people love and trust their savings groups, which are a mainstay of financial security in dozens of countries. Innocent Ephraim at the Financial Sector Deepening Trust and Daryl Collins at Bankable Frontier Associates (BFA) ask: How can formal providers offer financial services that appeal to users in the same way?
The Secret Ingredient in Product Design: How Crossing the ‘Emotional Gateway’ Can Boost Financial Services
