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De-Mythifying Financial Education
Many organizations have discovered that it's difficult to bring comprehensive and sustainable financial capability to the BoP. Recognizing that financial education is complex and influenced by the clients' environment, MicroSave has developed a framework for those planning interventions, including four key lessons that should be at the forefront of any design.
- Categories
- Education
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Why Omidyar Network is Excited About Technology Stacks for Financial Inclusion
There are a lot of buzzwords out there when it comes to technology, so we try not to get caught up with each new fad. But everywhere we look, we see a concept that promises to be a powerful driver of not only innovation, but also economic progress: technology stacks.
- Categories
- Technology
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National Payments Corporation of India begins pilot project to digitize transactions in microfinance sector
Under the project, RBL Bank will disburse loans and HDFC Bank will receive loan repayments for the transactions of Svatantra Microfinance using Aadhaar and USSD based facilities.
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- Technology
- Region
- South Asia
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Social Business Roundup: A $1 Smartphone, the Upshot of Disparity and the Quizzing of Presidents
If you manufacture a phone that comes with apps advertising to low-income consumers, can you sell it for as little as $1? The folks at SocialEco think so. Other items NextBillion's editors came across for this week's Roundup included a concentration on wealth concentration, an unhappy birthday for M-Pesa, plus a presidential Q that will hopefully result in an A.
- Categories
- Health Care, Technology
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Brazil’s Creditas Gets $19 Million Amid Boom in Local Fintech Financing
Creditas Soluções Financeiras Ltda, a Brazilian financial technology firm focused on secured consumer loans, has obtained $19 million from investors in a financing round that will allow it to provide borrowers with funds for one-fourth of what they pay to domestic lenders.
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- Technology
- Region
- Latin America
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Bharat Financial begins Aadhaar-based cashless loan disbursal in India
In a first of its kind move in the micro-finance and financial-inclusion space, Bharat Financial Inclusion on Wednesday launched Aadhaar-based instant and cashless loan disbursal. It took less than seven minutes for 30-year-old Guddi Devi to apply and receive ₹29,565 loan for a new grocery shop she intends to set up.
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- Technology
- Region
- South Asia
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M-Pesa: Kenya’s mobile money success story turns 10
Smartphone payments are gaining ground in the US, but mobile money is old news in Kenya. The majority of the East African country's population is subscribed to a mobile payment service, and the most popular choice is M-Pesa, which celebrates its 10th anniversary in March 2017. M-Pesa -- "pesa" means "money" in Swahili -- has made a dramatic impact over this time.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Are venture funds missing out on a huge India opportunity?
Are venture funds missing the wood for the trees in India? Even while there is talk of a suspected slowdown in startup funding, the amount of money sloshing around is large. But how much of an impact is it having, and why is the average Indian not being affected by it? For that, you have to pause and take another look. What do you see?
- Categories
- Uncategorized
- Region
- South Asia
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