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Hello Paisa Wins Second Annual MasterCard Foundation Clients at the Centre Prize
The MasterCard Foundation today presented its second annual Clients at the Centre Prize to Hello Paisa. The US$150,000 Prize recognizes the company’s innovative work in South Africa to facilitate international money transfers for foreign workers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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More Women Are Financially Included in India Than Ever Before
India’s Pradhan Mantri Jan Dhan Yojana (PMJDY) programme has brought more individuals into the formal financial fold than any other inclusion-related intervention attempted to date. The level of financial inclusion among Indian adults increased by 20% between 2014 and 2015, an unparalleled rate of growth across the eight countries tracked by InterMedia’s Financial Inclusion Insights (FII) research programme.
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- Uncategorized
- Region
- South Asia
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Uganda: Shs1 Billion Loaned Through Mobile Phones
In just two months, the mobile micro-lending and saving platform, MoKash, has been adding an average of 15,000 customers per day, reaching 920,000 over the period. Launched in August and operated by MTN Uganda and the Commercial Bank of Africa (CBA), MoKash allows mobile phone owners to save and apply for micro-loans. This is the first platform operated by both a telecom company and bank that could carry out the function of a commercial bank.
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- Technology
- Region
- Sub-Saharan Africa
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Safaricom CEO Warns His “Clumsy” Product Needs to Diversify or Risk Dying
The future of M-Pesa, the world’s leading mobile money-transfer system, lies in transforming the service’s “clumsy” technology into something more efficient, innovative, and collaborative. At least that’s the vision spelled out by the company’s CEO.
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- Technology
- Region
- Sub-Saharan Africa
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Weekly Roundup: A 1,030-Enterprise Survey, a Cuba/U.S. Collaboration, and a ‘Big Bet’ Primer
An expansive survey of social enterprises, a new health care collaboration between some old Cold War rivals, and an ambitious exploration of the challenges of "big bets" in philanthropy highlight this week's roundup of social business and global development news.
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- Agriculture, Education, Health Care, Social Enterprise
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How Does India Fare in Access to Banking?
Financial inclusion may have become a buzzword among India’s econocrats and central bankers but India continues to lag behind most major economies when it comes to access to banking, the results of the Financial Access Survey for 2016 released by the International Monetary Fund (IMF) shows.
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- Uncategorized
- Region
- South Asia
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India’s Big Banks Sets Their Sights on Small Towns, Villages
Billionaire Uday Kotak did something unusual last month. He signed off on his Kotak Mahindra Bank valued at Rs 1.4 lakh crore for buying BSS Micro Finance, a tiny lender which does not even have 1% of the assets the bank has.
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- Uncategorized
- Region
- South Asia
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Indian Microfinance Institution Ujjivan to Launch Biometric ATMs
Ujjivan Financial Services Ltd., (Ujjivan), a leading pan-India microfinance institution, which is in process of transforming into a small finance bank (SFB), today announced that it will provide the benefits of ATMs to its unbanked and under-served customers across the country by using biometric enabled machines.
- Categories
- Uncategorized
- Region
- South Asia
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