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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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Report: Cambodia’s ‘Reckless’ Microfinance Industry Puts Economy at Risk
The groups' study, "Collateral Damage," questions whether the industry's reported nonperforming loan rate of 1.8% is kept low by such "human rights abuses" while highlighting the multimillion dollar returns made by microcredit institutions and their shareholders.
- Categories
- Finance
- Region
- Asia Pacific
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NilePay Mobile Money Launches in South Sudan to Widen Financial Inclusion
“NilePay Mobile Service’s partnership with Zain South Sudan is part of the company’s long-term strategy to enable eCommerce and digitize financial services across the country,” said Darius Mobe, Director, NilePay Mobile Money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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What’s the Point of Investing in Financial Inclusion? A New Review Aims to Help Investors Maximize Their Impact
Is social investment in financial systems and services justified? It's a natural question when considering the financial inclusion sector’s development, say Timothy Ogden at the Financial Access Initiative and Machal Karim at CDC Group. And it’s not just critical microcredit studies that have raised the question: The history of social investment in financial systems doesn’t yield many obvious success stories. They discuss a new review of the theory and empirical evidence – both positive and negative – for investing in financial systems as a development strategy.
- Categories
- Finance
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