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PayPal Seeks License to Enter Competitive Mobile Wallet Space in India
Global payments company PayPal is eyeing a prepaid payment instrument license to enter the competitive mobile wallet space in the country, said three sources familiar with the development.
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- Uncategorized
- Region
- South Asia
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Microfinance Pioneer FINCA launches FINCA Impact Finance
FINCA, the global institution that pioneered Village Banking™ and helped prove the sustainable microfinance model as key to economic development, recently announced the launch of FINCA Impact Finance.
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- Uncategorized
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The Fight For The $400 Billion Business Of Immigrants Sending Money Home
A new class of startups is using bitcoin and the blockchain to drastically lower fees as they try to grab a share of the remittance market from old competitors like Western Union.
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- Technology
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Geodata Technology Moving Into New Fields. Literally.
Geodata and ICT applications help farmers with precision farming, leading to increased yields and improved quality. This information has not yet been made available to financial institutions at a large scale, but it has the potential to increase access to finance for smallholder farmers. The Rabobank Foundation and NpM have launched a Board of Inspiration to help speed the process.
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- Agriculture, Technology
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Women’s Economic Empowerment: SEEP Forum to Tackle a Vital Issue of our Time
Women play multifaceted roles in market systems, as smallholder farmers, employees and owners of business enterprises, clients of financial institutions, and unpaid care workers, among many others. That's why the SEEP Network is hosting an international convening on women’s economic empowerment in May that aims to narrow the divide between best practices and informed policy decisions, exploring topics that are emerging as critical constraints to women’s economic empowerment across the globe.
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- Uncategorized
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MFIN launches mobile app to spread financial literacy
MFIN, an association of the microfinance industry in India, today launched a financial literacy mobile app for clients. The multi lingual financial literacy app will act as a guide and ready reckoner for the clients, said Microfinance Institutions Network (MFIN), which mainly caters to underbanked and unbanked population in the country.
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- Technology
- Region
- South Asia
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Agents Beat Mobile? Intriguing Research from MIX on Alternative Delivery Channels in Banking
Many financial service providers look to technology to enable new means of distribution and achieve universal access, but agent banking remains the most commonly deployed alternative delivery channel today – and arguably the most effective. To achieve scale, the authors say, providers should analyze each channel and develop the right strategies for their desired business and social outcomes. A webinar set for Thursday is designed to help.
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- Uncategorized
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This Is How Cryptocurrencies & Blockchain Could Solve Asia’s Financial Inclusion Issue
In 2016, staff members within the International Monetary Fund (IMF) suggested that virtual currencies could promote financial inclusion. The IMF issued the standard cautions about how virtual currencies (VCs) might be used for money laundering, terrorism and other nefarious purposes. But it also wrote that, “VCs offer many potential benefits, including greater speed and efficiency in making payments and transfer--particularly across borders--and ultimately promoting financial inclusion.”
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- Technology
- Region
- South Asia
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