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Study Examines India’s Policies for Financial Inclusion of the Unbanked
With about 190 million unbanked adults, India is second only to China among developing countries in the number of residents who don't have bank accounts or participate in the formal financial sector, according to World Bank.
- Categories
- Finance
- Region
- South Asia
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Estonia-based Fintech AskRobin, which Aims to Serves Underbanked Latin Americans, Secures $1.7 Million in Capital
AskRobin, a fintech firm that manages a financial services marketplace for underbanked Latin American clients, has secured $1.7 million in capital.
- Categories
- Finance
- Region
- Latin America
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Mastercard Expands Global Commitment To Connect 1B People
Mastercard’s latest pledge builds on its 2015 financial inclusion effort to bring financial services to 500 million people. It also builds on the firm’s goals of reaching out to people all over the world who are facing physical and financial health issues due to COVID-19.
- Categories
- Finance
- Region
- Asia Pacific
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Four Stories of Financial Exclusion: How Identity Barriers are Blocking Financial Access for Refugees and Other Vulnerable Groups
Venezuela's emigration crisis has reached epic proportions. And according to Anjali Ramachandran at Storythings, among the millions who have fled the country, countless people lack financial access because they struggle to prove their identity. She highlights the stories of refugees and others whose lives could be improved by alternatives to traditional ID requirements.
- Categories
- Finance
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Google and Gates Foundation to Help Spread Digital Payments in Developing Countries
The initiative would help tie together a growing array of digital financial services.
- Categories
- Finance, Technology
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New Era, New Data: Why ‘Financial Inclusion 2.0’ Will Require a Different Approach to Measurement
Financial inclusion is entering a new era, says Grant Robertson at FinMark Trust. The movement’s first era focused largely on boosting financial access – but its impact on poverty and wellbeing was limited. The new era – "financial inclusion 2.0" – will focus more on expanding real economic opportunity. But to support this goal, the sector will need a new approach to data.
- Categories
- Finance, Impact Assessment
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Banking on Human Capital: What Financial Institutions Need to Do – Now – to Enable a COVID-19 Recovery
Every crisis carries its own unique signature, and COVID-19 is likely to be defined by a series of flare-ups and lockdowns, says Elisabeth Rhyne at the Financial Access Initiative. Within that scenario, the financial inclusion sector needs to determine the most effective ways to reduce the pandemic's impact on vulnerable people and businesses – and it needs to start immediately.
- Categories
- Coronavirus, Finance
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It Takes a Bank to Rebuild a City: JPMorgan, Detroit and the Value of Private Sector Solutions to Urban Decay
Many large U.S. cities have fallen victim to extreme urban decay – and nowhere does this ring truer than in Detroit. But according to Mike Brown at LendEDU, the city is experiencing a turnaround, due in part to a five-year, $150 million investment by JPMorgan Chase. He explores why private sector giants should use their financial might to build upon this success.
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