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Viewpoint: Perpetual Debt in the Silicon Savannah
One Kenyan argued the apps are ‘enslaving’ people—from the working poor to the salaried classes—by making claims on their future labor.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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PayPal Helps Entrepreneurs With MetLife and Village Capital
PayPal, venture capital firm Village Capital and financial health expert, MetLife Foundation, have come to together to launch Finance Forward – a global coalition to support fresh entrepreneurs.
- Categories
- Entrepreneurship, Finance, Health Care
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Breaking Down Barriers to Women’s Financial Inclusion: The Impact of an Integrated Ecosystem Approach
Despite many global initiatives aimed at catalyzing formal banking, almost 1 billion women remain excluded from the financial economy. According to Ankur Seth and Neha Kumar at Intellecap, it's now clear that financial inclusion for women cannot be attained by simply giving them an account or internet access. Instead, it will require an integrated digital financial ecosystem designed for women's needs – an approach Intellecap is piloting in India.
- Categories
- Finance
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National Bank of Cambodia Slams NGOs’ Lending Report
A report on predatory lending in Cambodia by local human rights NGOs Licadho and Sahmakum Teang Tnaut (STT), was slammed by the National Bank of Cambodia (NBC) as “flawed”.
- Categories
- Finance
- Region
- Asia Pacific
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‘Financial Innovation’ is no Frankenstein: How Impact Investors and Inclusive Finance Innovators Are Redefining the Term
For many, the words "financial innovation" spark memories of the banking malfeasance that led to the 2008 financial crisis. But as Paul Hailey at responsAbility Investments sees it, financial innovation has come a long way since then. He argues that innovative new investment products don't have to be "a monster lurching towards the village," and explores how they can enable both financial inclusion and investor returns.
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India’s Aadhaar Pay Regains Tempo, Usage Hits 200 Million
Aadhaar-based payments make customers who do not have smartphones or who are uncomfortable using cards, transact digitally.
- Categories
- Finance
- Region
- South Asia
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Grameen Bank Chairman Mozammel Haque Dies
He was appointed chairman of the bank in 2011, and served it until his last day.
- Categories
- Finance
- Region
- South Asia
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Viewpoint: Facebook’s Foray Into the World of Banking and Finance Is an Ethical and Regulatory Minefield
In particular, Libra is likely to flourish in highly remittance-dependent economies, like those of the Philippines, Bangladesh, Nepal, and the Pacific Island nations, because high remittance inflows will inject Libra into the local financial ecosystem. The average cost of remittances, globally, is 7 percent, which is scandalous.
- Categories
- Finance
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