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Weekly Roundup – 9/20/14: An awkward moment, new momentum and a brewing battle highlight recent developments in finance
Muhammad Yunus has issued some pointed criticisms of microfinance’s turn toward profit. But is the sector he pioneered listening to him - and are his ideals even realistic in the first place? We discuss these questions - along with signs of momentum in impact investing and new developments in a Kenyan mobile money battle - in this Roundup.
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MasterCard and Bansefi to drive financial inclusion in Mexico
MasterCard and BANSEFI, the social bank of Mexico, announced a partnership to foster financial inclusion in Mexico through the disbursement of social benefits using electronic payments.
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- Uncategorized
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- Latin America
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Bill Gates focused on digital payment for poor
Though there has been a lot of talk and media coverage about the tremendous potential mobile payments offer to the poor, underbanked and financially disenfranchised around the world–minus a few bright spots (M-Pesa) the progress of mobile in bridging the gap between the banked and unbanked has been slow going.
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- Technology
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Card payment network RuPay sees boost from Indian government’s financial inclusion scheme
The Indian government's financial inclusion drive to expand banking services in the country is giving a boost to home-grown card payment network RuPay.
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- Region
- South Asia
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Millicom debuts automatic m-wallet interest payments in Tanzania
Millicom claimed a world first after launching a mobile money service in Tanzania which offers users the opportunity to automatically earn a return on their balance direct to their wallet without the need for a separate registration.
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- Region
- Sub-Saharan Africa
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Unexpected players entering the telecoms space in Africa
New developments in Africa’s technology industry show how technology is disrupting the way business is being done on the continent.
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- Sub-Saharan Africa
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Voices from the Summit: Eight quotes from prominent speakers on Day 2 of this week’s Microcredit Summit
By Day 2 of this week’s Microcredit Summit, we’d interviewed eight leaders and innovators in microfinance – from trenchant critics to the sector’s elder statesman, Muhammad Yunus. We’ve compiled eight quotes – one from each interview – which give a sample of some of the topics under discussion at the conference.
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Report: Digital payments bolster economy, promote financial well-being
A new report by the World Bank Development Research Group found that incorporating digital payment systems into the economies of emerging and developing countries helps to spur economic growth and individual financial well-being.
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