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Research reveals that mobile banking increases financial inclusion
The report, ‘A Quantum Leap Over High Hurdles to Financial Inclusion: The Mobile Banking Revolution in Kenya’, focuses on sub-Saharan Africa, through the lens of Kenya. It reveals that as a result of mobile banking Kenya’s financial inclusion rates have increased dramatically; however, the research also states that Kenya’s success may not be easily replicated in other developing countries.
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- Technology
- Region
- Sub-Saharan Africa
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Beyond the Lending Club Scandal – Why Marketplace Lending is Still Needed in Emerging Markets
Renaud Laplanche, the CEO of industry pioneer Lending Club, resigned in May amidst rumours of fraud and malpractice. Since then, critics have been trying to write off marketplace lending as a flawed business model. But it's too early to discount the value of the entire industry – especially as it emerges in markets like India and China to address the critical needs of SMEs.
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- Uncategorized
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Weekly Roundup: Appreciating banks, emojis for health, d.light’s destination
This week in our roundup: A major new study shows mobile finance is essential, but highlights the role of old fashioned banks; the language of emojis could improve global health; and solar lamp pioneers d.light are well on their way to reaching their goal of 100 million customers by the start of the next decade.
- Categories
- Health Care
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New IIF, CFI study shows banks’ contributions to financial inclusion
The study--based on in depth interviews of 24 banks in 19 countries--includes insights and innovative solutions to the business challenges of financial inclusion.
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- Uncategorized
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Launch of the Mass Market Financial Inclusion Programme
In partnership with the MasterCard Foundation, Microcred Group, a digital finance group specialized in financial inclusion especially for micro-businesses and SMEs in Africa and China, launched the Mass Market Financial Inclusion Programme in the Ivory Coast, Senegal and Madagascar.
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- Uncategorized
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Report: India’s PMJDY initiative narrowing gender divide in financial inclusion
PMJDY has played a crucial role to cover more Indian women under the financial inclusion folder with as many as 47 per cent of them possessing the basic bank account under the scheme, a report study said today.
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- Uncategorized
- Region
- South Asia
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MasterCard Commits to the Inclusion of 40 Million Micro and Small Merchants
To date, financial inclusion has been predominantly centered on providing the underserved and the unbanked with tools and transaction accounts. This remains a critical need with two billion unbanked people, the majority of whom are women, forced to operate in a cash economy.
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- Uncategorized
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FINCA Mexico Awarded Smart Certification for Keeping Clients First
Today, Financiera FINCA, S.A. de C.V. SOFOM E.N. R (FINCA Mexico), a leading microfinance organization, announced it received Client Protection Certification by the Smart Campaign recognizing its strong ethical standards on client care and protection.
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- Uncategorized
- Region
- Latin America