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Poor people’s access to financial services on the rise in India
A financial survey of four poor states of India—Odisha, Bihar, Madhya Pradesh and Uttar Pradesh—has revealed that access to formal banking outlets is not as difficult as had been in the past and an increasing number of people are being financially included.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Collymore bets on opening up M-Pesa to ring up Safaricom’s future billions
When it released its half year financials last week, Safaricom once again did not disappoint. It reported another profitability record, a 32.36 per cent jump in net earnings of Sh23.9 billion in the six months to September 30. It earned a massive Sh102 billion in total revenue for the half year, compared to Sh97.2 billion in the same period last year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- data, financial inclusion, fintech
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Community Capital Management Invests $25 Million in Innovative Impact Investing Asset-Backed Securities
Community Capital Management, Inc. (CCM), a leading fixed income impact investing manager, today announced new innovative financing activities on behalf of its clients within the asset-backed security (ABS) sector. These types of investments demonstrate the transformation occurring in impact investing, specifically within fixed income, for various types of bonds to have a positive social and/or environmental impact.
- Categories
- Investing
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Release of New European Microfinance Platform Action Group Publications
The European Microfinance Platform (e-MFP) Action Groups are gearing up for the European Microfinance Week (EMW) where they'll gather for their annual meetings on 16 November and share their latest findings in panels organized on 17 - 18 November. In anticipation of EMW, the Microfinance & Environment Action Group and the Digital Innovations for Financial Empowerment Action Group have released the following publications.
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- Environment
- Region
- Europe & Eurasia
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Where Aggregators – and Open APIs – Fit Into Financial Inclusion
The introduction of a truly Open API is an exciting prospect for individuals and institutions interested in financial inclusion – digital financial providers, economists, technologists and developers alike. Building a successful business model, however, requires that the Open API is technically sound and that the financial inclusion community is included and encouraged to collaborate on innovative solutions.
- Categories
- Finance, Technology
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Indian Fintech Startups Are Still a Long Way Off From Big Global Peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it.
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- Technology
- Region
- South Asia
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Smart Campaign and The MasterCard Foundation in Partnership to Advance Consumer Protection in Financial Services
"It's important to certify the practices of individual financial institutions, but we will not create wholesale, sustainable change until we galvanize the support all of the partners involved in serving low-income people, including regulators and new, technology-based service providers. We must also make a concerted effort to champion the client's perspective," said Isabelle Barrès, Director of the Smart Campaign.
- Categories
- Technology
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New Report: Small Merchants Offer Big Financial Inclusion Opportunities
Increasing micro and small merchants’ use of cashless payment systems will require broad participation and innovation from the financial sector, regulators, governments and the private sector. But the impact will be transformative for millions of small merchants, their customers and the broader economies in which they operate.
- Categories
- Uncategorized
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