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Financial inclusion makes big inroads into Myanmar
Myanmar has seen a significant increase in the numbers of adults with access to at least one formal financial services product, according to research presented on June 19 as part of the nationwide Making Access Possible (MAP) financial inclusion study.
- Region
- Asia Pacific
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The world’s first mobile-only government bond in Kenya is popular, but missed its target
Given mobile money is so ubiquitous in Kenya with over 27 million users—many of whom were unbanked—M-Akiba promised the government access to a new capital base.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: MetLife Social Impact Investments Rise to $50 Billion
MetLife, Inc. (NYSE:MET) today announced its impact investment portfolio grew to $50 billion in 2017, an increase of 12 percent year-over-year from 2016 to 2017, and MetLife Foundation reached more than six million low-income individuals through the fourth year of its five year, $200 million dollar commitment to financial inclusion.
- Categories
- Investing
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Kenya telecoms operators reject money tax
The operators were reacting to Treasury secretary Henry Rotich’s announcement last Thursday that he intends to increase excise tax on mobile money transfers from 10 per cent to 12 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vikram Akula’s inside story of SKS Microfinance will remain untold
‘Micro-Meltdown’, written by SKS Microfinance founder Vikram Akula, once the poster boy of Indian microfinance, is a gripping tale of what it takes to build a world-class financial institution and how to destroy it.
- Region
- South Asia
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Report: Postal Services Vital For Remittance Delivery In Africa
Postal services can play a pivotal role in delivering remittances, lowering the transfer costs and providing access to basic financial services in Africa, says a new report.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Using Findex Wisely: Understanding the Strengths and Weaknesses of the World’s Biggest Financial Inclusion Dataset
The Global Findex report is an essential piece of data for the financial inclusion sector, but its insights should nevertheless be treated with caution, says Daniel Rozas. Exploring some inexplicable findings in the recent Findex 2017 release, he breaks down the limits of survey-based data, and explains how Findex can be used in combination with other forms of data to get a more accurate picture of financial inclusion progress.
- Categories
- Finance
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Phone becomes a throw-in for mobile wallet app in South Africa
MyBucks, a company headquartered in Luxembourg that publicly trades in Frankfurt, was founded in 2011 to make microloans to small businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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