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EarnUp Partners with Acumen to Tackle Financial Inclusion in the U.S.
EarnUp announced its partnership with the nonprofit global venture fund, Acumen. EarnUp is the first recipient of Acumen's financial-inclusion investment under the Acumen America portfolio. For more information visit www.earnup.com.
- Categories
- Investing
- Region
- North America
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Gap Inc. Sets New Goal For Apparel Suppliers To Pay Garment Workers Digitally By 2020
More than 60 percent of Gap Inc.’s supplier factories already provide digital payments methods, such as online transfers to bank accounts or mobile wallets. The new goal will help scale this progress across the company’s global supply chain and positively impact the lives of more than one million garment workers.
- Categories
- Finance
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The Tortoise and the Hare: India and China Put Different Paths to Digital Finance to the Test
In 2016, some US$18 trillion changed hands via non-bank digital payment transactions in China – a value larger than its GDP. Meanwhile, though its population is roughly the same, India's digital finance industry has lagged far behind. But thanks to new digital infrastructure and evolving regulations, this situation is changing fast. Like the tortoise in Aesop’s fable, will India catch up with China, which has bounded ahead at hare-like speed? David Porteous at the Digital Frontiers Institute explores the two countries' approaches and their implications for other emerging markets.
- Categories
- Finance, Technology
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Indonesia eyes fintech regulation to avoid ‘loan shark-like’ practices
The emergence of these peer-to-peer (P2P) lending platforms, offering loans ranging from as little as a few hundred dollars to several thousands, has so far been welcomed by Indonesia, Southeast Asia’s biggest economy where tens of millions of people have little or no access to bank credit.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: MIT and Mastercard Foundation Launch 2018 Zambezi Prize for Innovation in Financial Inclusion
The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the launch of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that promote and advance financial inclusion on the continent.
- Source
- Press release
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Amazon considers launching branded checking accounts for unbanked
Amazon is reportedly in talks with JPMorgan Chase & Co., and Capital One Financial Corp., to offer checking account services to younger customers and the unbanked.
- Categories
- Finance
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India’s Little Shops Are a Massive Banking Network in the Making
Indians who still rely on cash are a ready-made financial-services market and a lucrative sideline for the corner store.
- Region
- South Asia
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Rwanda’s central bank urges MFIs to automate to reduce bad loans
The National Bank of Rwanda (BNR) has called on microfinance institutions (MFIs) across the country to embrace automation and reduce the rate of bad loans before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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