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Viewpoint: Give Everyone Government Bank Accounts
A radical new idea from two former Obama officials could revolutionize the way Americans manage their money.
- Region
- North America
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IMF to add Islamic finance to market surveillance in 2019
The IMF has traditionally focused on conventional banking, but it has been increasingly engaging with regulators in countries where Islamic finance is now deemed to be systemically important.
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Afghanistan enlists faith-based banks to aid financial inclusion
World Bank data shows that only 15 percent of adults in Afghanistan have a bank account, while 16 percent cite religious reasons for not having one.
- Region
- North Africa & Near East
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Viewpoint: Postal Service banking system possible in U.S. – if past pitfalls avoided
As of 2015, about 7 percent of U.S. households were “unbanked,” meaning that no one in the household had a checking or savings account. An additional 20 percent of households were “underbanked,” meaning that they relied, at least in part, on payday lenders, check cashing services, pawn shop loans, or other non-traditional sources for financial services.
- Region
- North America
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Asian Development Bank and Maybank provide USD 20 million in finance to Myanmar microfinance sector
Maybank and ADB will improve access to financial services to even more low-income families and small-business owners.
- Region
- Asia Pacific
- Tags
- ADB, banking, banks, financial services, global development, loans, MFIs, microfinance, Myanmar, SMEs
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After downturn, Islamic finance eyes profits, fintech: survey
Islamic banks and insurers are focusing on profitability and new financial products as the industry shifts away from years of containing the adverse impact of low oil prices, an industry body said on Wednesday.
- Categories
- Inclusive Fintech
- Region
- North Africa & Near East
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Viewpoint: Lessons from China’s mobile payments revolution
There is no disputing that China is ahead of the rest of the world in mobile payments. What insight does it offer U.S. bankers?
- Categories
- Inclusive Fintech
- Region
- Asia Pacific
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Global Findex: Indonesia leads East Asia and the Pacific in financial inclusion progress
Almost fifty percent (48.9%) of the adults in Indonesia now own a bank account, reflecting a true turning point in the country’s journey to boost financial inclusion. This also registers a marked improvement from its 36% of account ownership in 2014 and 20% in 2011.
- Region
- Asia Pacific
Parent Organization
