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The Surprising Reason Why Savings Boosts Income: New Research Reveals an Unexpected Benefit of Financial Inclusion
Make it easier to save, and people will save more. This seems straightforward and holds true for customers in rich and poor countries alike. Make it easier to save, and people will save more and earn more. This sounds a little less intuitive, especially if you posit that this increase in income will happen almost immediately. Yet this is exactly what researchers have found - and the reason why is surprising.
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- Uncategorized
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Is Maharashtra the Next Andhra Pradesh for the Microfinance Industry?
Microfinance companies in Maharashtra are seeing early signs of trouble, reminiscent of a crisis that gripped the sector in 2010 when repayments came to a virtual standstill in Andhra Pradesh revealing poor lending practices by the industry.
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- Uncategorized
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- South Asia
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Paper: Digital Finance Interoperability & Financial Inclusion
Interoperability—the ability for different systems to connect with one another—is attracting a lot of attention among digital finance experts. Interoperable payment systems have the potential to make it easier for people to send payments to anyone and receive payments from anyone quickly and cheaply. Financial service providers welcome the new business opportunities that would emerge from this higher volume of transactions, and policy makers see interoperability as a means to bring more poor people into the financial system, thus fostering financial inclusion.
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- Technology
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Wari And Mastercard Partner to Deliver Digital Payment Solutions In 35 African Markets
Wari and Mastercard signed a Strategic Alliance Agreement that will help strengthen the Wari offering for its users but also the digital payment ecosystem in 35 African markets.
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- Uncategorized
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- Sub-Saharan Africa
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Why Microfinance Should Embrace – Not Resist – A New Brand
We've launched our Most Influential Post of 2016 contest, and every day through Jan. 2 we'll publish another monthly winner included in the competition. This article, the most-viewed post on NextBillion for February, discusses the profound rebranding of microcredit over the past 25 years. There's also a list of the other best-read posts in 2016 and an opportunity to vote for your favorite.
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Demonetisation and digital transactions will never stop corruption in India. Here’s why.
If digital transactions could curb corruption and black money , Kenya would have be en the most transparent country in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers per day is equal to 4.5% of annualised GDP of Kenya, as per a report published in an International Monetary Fund (IMF) journal.
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- Technology
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- South Asia
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NextBillion’s Most Influential Post of the Year Contest 2016
All our posts discuss important topics. Some, however, are so well-written and well-read that they change and even lead that discussion. Those are the ones that are included in our fifth annual Most Influential Post of the Year Contest. Please read or re-read the posts and then vote for your favorite(s). You may vote up to a dozen times. Voting ends Jan. 2, and we'll name the winner on Jan. 4.
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- Agriculture, Health Care, Investing
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Nigeria planning to create 3 million new jobs by 2025 from digital financial inclusion
Nigeria is planning to create three million jobs by 2025 from digital financial inclusion according to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele said this would be achieved when there is increased adoption of digital financial services, adding that a 90% reduction in the cost of providing financial services is a further goal.
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- Technology
- Region
- Sub-Saharan Africa