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State Bank of Pakistan Aims for 50 Percent Financial Inclusion by 2020
State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmed said that the central bank was pursuing a three-pronged strategy (3PS) to achieve the goal of 50 percent financial inclusion by the year 2020.
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- Uncategorized
- Region
- North Africa & Near East
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Prepaid Debit Cards Users in U.S. Will Get New Federal Protections
Prepaid debit cards are a financial lifeline for many people, but a risky one. They lack many of the basic consumer protections that credit cards and bank debit cards are required to offer. That will change next year, with a raft of new federal rules intended to clamp down on a product that has been growing rapidly despite concerns about high fees, poor disclosures and weak protections for customers when something goes wrong.
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Commercial Bank of Africa Targeting Rwanda’s Mobile Money Market
Commercial Bank of Africa (CBA) is targeting to enter the Rwandan market as it seeks to grow its foothold in the region.
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- Technology
- Region
- Sub-Saharan Africa
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The G2P Silver Bullet? Not So Fast.
Many governments offer cash transfers to millions of people at or below the poverty line, most of whom are not connected to the formal financial system. If these cash transfers are funneled into bank accounts rather than paid directly out in cash, these people immediately gain an on-ramp to financial services. But there is a resounding dissonance between enthusiasm for this solution, and the evidence to date.
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IMF Releases the 2016 Financial Access Survey, A Key Tool to Foster Financial Inclusion
The International Monetary Fund (IMF) released today the results of the seventh annual Financial Access Survey, a key source of data on financial inclusion.
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Ecobank Launches Mobile Money Treasury Bill Product
Ecobank Capital Advisors Limited, a wholly-owned subsidiary of Ecobank, and MTN Mobile Money has introduced the Ecobank TBill4All, designed to boost financial inclusion and investment for everyone.
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- Technology
- Region
- Europe & Eurasia
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Almost Every Household in India Has a Bank Account, Says Labour Bureau
Almost every household in the country is a part of the banking system, mainly due to government’s financial inclusion plans, the latest Labour Bureau data showed.
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- Uncategorized
- Region
- South Asia
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A Global Push for Youth Financial Inclusion Gains Steam—and Some Big Backers
The global dialogue about the importance of bringing children and young people in financial inclusion landscape has grown over the past few years.
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