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State Bank of India to launch its own version of digital only bank soon
The country's largest lender SBI will take the lead among state-run lenders to launch branch less banking. The latest launch from the lender - SBI Digi Bank will have a financial superstore, a market place and end to end digitisation for all products and services.
- Categories
- Financial Inclusion, Technology
- Region
- South Asia
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Global Mobile Money Adoption in 2015: What the Data is Telling Us
In markets where mobile money is available, 10 percent of mobile connections are now linked to a mobile money account, compared to 8 percent in December 2014, according to the GSMA. Across Sub-Saharan Africa, the growth is even starker: one in three mobile connections were linked to a mobile money account in December 2015, up from 22 percent in December 2014. A closer look at the numbers.
- Categories
- Financial Inclusion, Technology
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Kiva Cofounder Raises $9.2 Million For A ‘Branchless Bank’ For The Developing World
For his new concept of a “branchless bank,” Flannery’s going the startup route with some of Silicon Valley’s best known investors.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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Most Influential Post Nominee: The Female Factor: Why enrolling more women as mobile money agents can benefit service providers, customers – and the agents themselves
Research has shown that enrolling more female mobile money agents can improve customer service and increase public trust in bank products and brands. It also provides these women with a valuable source of income. That’s why the Cherie Blair Foundation for Women has partnered with FirstBank of Nigeria and the Youth for Technology Foundation to train 2,500 Nigerian women entrepreneurs as Firstmonie agents.
- Categories
- Financial Inclusion
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10 Challenges That Could Make or Break India’s Payments Banks: Their revolutionary potential is no guarantee
Last week, the Reserve Bank of India announced that it will issue 11 Payments Bank (PB) licenses, permitting a variety of institutions to provide a limited slate of financial services to underserved populations. The RBI hopes PBs will “revolutionize banking” in India, but their impact is not guaranteed. Here are 10 challenges PBs will face – and how they can live up to the government’s ambitious goals.
- Categories
- Financial Inclusion
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OPINION: 10 developments that could transform the future of Indian banking
With emerging needs in urbanisation, industrialisation, digitisation, education, financial inclusion, and global integration, the following 10 developments will shape the banking industry in India’s journey towards a $20 trillion economy.
- Categories
- Financial Inclusion
- Region
- South Asia
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A Visionary Approach to Financial Inclusion: Nachiket Mor discusses his groundbreaking plan for universal financial access in India – Part 1
The Nachiket Mor committee report has garnered global headlines by setting a lofty goal - bank accounts for all Indian adults by 2016 – and laying out an innovative, detailed vision of how to reach it. Mor discusses the much-debated report in part 1 of this Q&A.
- Categories
- Financial Inclusion
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Task Force on India “Postal Bank” to submit report by year-end
The Task Force set up by Indian Prime Minister Narendra Modi to leverage the country's post office's network in a bid to advance financial inclusion will submit its report by the end of this year, a top government official said today.
- Categories
- Financial Inclusion
- Region
- South Asia
Parent Organization
