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Report: Accelerating Financial Inclusion in South-East Asia
Promoting the use of formal financial services continues to be a challenge, and the depth of engagement varies with different financial products: Only 18% of adults use a bank account to receive wages or pay utility bills, and only 11% borrow from formal sources.
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- Technology
- Region
- South Asia
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Wall Street Journal Launches the Financial Inclusion Challenge 2017
For the third year, The Wall Street Journal invites nonprofit and for-profit enterprises to enter “The Financial Inclusion Challenge” competition and to showcase their solutions to the problems of financial access for the poor in the Asia-Pacific region.
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- Uncategorized
- Region
- South Asia
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Financial services firm IFMR Holdings expanding to target bottom 600 million people in India
Financial inclusion services provider IFMR Holdings, which will complete a decade this year, will embark on a major expansion drive.
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- Uncategorized
- Region
- South Asia
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Social Business Roundup: Debating UBI in India, Pondering Change at WHO, Questioning SRI
In this week's social business roundup, our editors note the growing debate over replacing welfare programs with a universal basic income (UBI) in India, the limitations of WHO's donor-funded model, and an ironic side-effect of SRI's avoidance of "sin stocks" – among other developments making recent headlines.
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- Energy, Health Care, Investing
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Leveraging India’s Digital Transformation: Three Lessons for MFIs
As India continues its digital transformation, Grameen Foundation India has helped several MFIs transition to a digital financial services platform, and along the way developed some key lessons MFIs should keep in mind: conduct a thorough analysis of your business requirements before you select a digital financial services provider; don't discount the value of effective change management; and pay close attention to client education.
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- Technology
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India’s microfinance industry showing signs of overheating, again
India’s microfinance industry is showing signs of overheating in a possible reminder of the crisis that hit micro lenders in Andhra Pradesh in 2010. According to Crif High Mark Credit Information Services, a credit bureau, around 1.26 million microfinance borrowers had received top-up loans over and above their existing loan amounts as of December end.
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- Technology
- Region
- South Asia
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The unbanked: stop catering for the middle classes and open up to the world
Bladimir didn’t want a bank account. The 22-year-old son of corn and bean farmers in rural El Salvador had moved to the capital in search of greater economic opportunity, but a bank account was not part of that plan. He had grown up with stories of scams and disappointments, and had a deep distrust of bank accounts as a safe way to store his money.
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- Uncategorized
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Here are the 10 startups chosen for India’s first ‘Startupbootcamp FinTech’
FinTech is at the forefront of the transformation in the financial industry and is changing the way value and ownership is exchanged, the risk is managed and transactions are performed. While this transformation is taking place across the globe, India's growing economy and large and under-tapped consumer base provide a significant opportunity for innovation in the sector.
- Categories
- Technology
- Region
- South Asia
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