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A Solution to Urban Blight? Crowdfunding’s Potential to Transform Cities
Lending through peer-to-peer platforms, or "real estate marketplace lending," involves connecting borrowers seeking alternative sources of financing for their real estate investment needs with investors seeking passive income opportunities. As more Americans embrace crowdfunding sort of solutions, we believe cities that were once forsaken can be revitalized and brought back to life.
- Categories
- Investing, Technology
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The Exciting Promise of Digital Payments in Peru
With almost 80 percent of Peruvians lacking access to a bank account, it’s clear why Peru’s government has committed so many resources to advancing financial inclusion. However, roughly 65 percent have mobile phones. Recognizing this, the National Strategy focuses on connecting those who have phones to financial services through digital payments adapted to the needs of the population.
- Categories
- Technology
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Mobile Money Fraud Hits Rural Kenya Residents Hard
Mobile money has made lives easier for most people in Africa, but this has not come cheap for the users with con tricksters forever devising means and ways of stealing the money. In Kenya, for example, con men are applying tricks that are more advanced than service providers and users.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Acumen Acquire SolarAid’s Off Grid Energy Research and Impact Division
Acumen, the global social impact organization, announced today its acquisition of the award-winning Research and Impact division of SolarAid, the international nonprofit and leading impact practitioner in the solar energy sector. In acquiring SolarAid’s research arm, Acumen builds on its decade of investing in off-grid energy, further deepening its understanding of the energy needs of low-income populations while measuring the social impact of newly electrified individuals and households. Acumen began investing in off-grid energy solutions in 2007 and today has the largest portfolio of companies committed to serving the poor.
- Categories
- Energy
- Region
- Sub-Saharan Africa
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Will Technical Illiteracy Mar Rwanda’s Ambitious Financial Inclusion Target?
As part of its goal to have 100 percent of adults formally financially included and to build a robust payments system that facilitates a cashless economy by 2020, Rwanda is targeting 80 percent financial inclusion by 2017 through the aid of the Financial Sector Development Programme II.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Will India Go Cashless If Mobile Payments Take Off?
As soon as Binod Upadhyay arrives at a destination he immediately turns round to check if the customer is pulling out a wallet or a mobile phone.
- Categories
- Technology
- Region
- South Asia
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Seven Wishes from Seven Thought Leaders for Financial Inclusion in 2016
2015 was an important year for the world of financial inclusion. To better understand and build on the year's successes, BRAC approached the Microfinance CEO Working Group to inquire about their wishes for financial inclusion over the coming year. Here’s what seven industry thought leaders shared with them.
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- Uncategorized
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IBM Signs $38 Million Deal for ATM Infrastructure Management in India
IBM has signed a Rs 260 crore deal with BTI Payments for ATM infrastructure management, as it focuses on deepening its hold on the financial services sector in India.
- Categories
- Technology
- Region
- South Asia