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Women’s Financial Inclusion: What the Gallup World Poll Tells Us
Recently released data from the 2016 Gallup World Poll paints an updated picture of women’s phone ownership across more than 140 economies and 97 percent of the world’s adult population. This new data shows that, in fact, 81 percent of women worldwide own a mobile phone, with women’s ownership rate in the developing world as high as 80 percent.
- Categories
- Finance
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Report: India’s government is yet to achieve its financial inclusion goal
“If we don’t catch up in accordance with the requirements of the society, a day won’t be very far off when we are faced with serious challenges of a large section of senior citizens who are completely devoid of any form of dependency itself,” Jaitley added at the release of the latest edition of Crisil inclusix report.
- Region
- South Asia
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More than Money: Changing Financial Services One Startup at a Time
The Financial Solutions Lab – managed by the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. – is looking for fintech startups and nonprofits to compete in its $3 Million Challenge to help underserved people. Winning organizations will receive a $250,000 investment. The fintech innovators who will rise to the top, writes CFSI's Shannon Austin, are those solving real financial problems faced by real people – often the same problems experienced by the founders themselves.
- Categories
- Finance, Technology
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Press release: Financial Solutions Lab Launches $3 Million Year-Four Competition to Support the Financial Health of Underrepresented Communities
Given the diversity of Americans who struggle with financial health, in this year’s Challenge, the Lab is particularly interested in products developed by entrepreneurs of color, women and people with disabilities, and designed to meet the financial needs of often overlooked populations.
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- Finance
- Region
- North America
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Press release: Accion and MetLife Foundation Announce Expanded Partnership to Advance Financial Inclusion
MetLife Foundation provides $5.4 million to Accion for programs in Latin America, Eastern Europe, and Asia to leverage digital solutions to enhance underserved customers' financial capabilities and engagement
- Categories
- Finance
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Deciphering the Data Deluge: Making Data More Useful for Financial Inclusion
Data can have a transformative impact on financial inclusion efforts. But it will reach its full potential only if industry stakeholders can truly understand and utilize it for the benefit of customers. In this Q&A, Camilla Nestor, CEO of MIX, discusses how MIX's FINClusion Lab is making data available to financial services providers, regulators, policymakers and others in a format they can actually use.
- Categories
- Finance, Technology
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Zimbabwe is pushing for mobile money interoperability as its cash problems linger
The idea of interoperability in simple terms is to enable a mobile money customer on one network’s proprietary system to send or receive money from another customer on a different network. Regulators typically want this to help boost competition, drive financial inclusion and encourage consumer usage. Network operators are less keen due to the short to medium costs as well as the fact it it reduces the need for customers to own multiple phone services to move money around.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Super Platforms in Africa: Not if, but When
Imagine low-income, rural entrepreneurs throughout Africa actively leveraging super platforms like Facebook and Alibaba to conduct all their business interactions, from customer payments to orders from suppliers. This scenario isn't that far-fetched, says BFA's Yanina Seltzer. She explains why the march of the super platforms into Africa is inevitable – and what it will mean for financial services providers, regulators, and small and medium enterprises.
- Categories
- Finance, Investing, Technology
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