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Equity Completes Acquisition of DRC-Based ProCredit Bank
Equity has completed acquisition of ProCredit Bank of the Democratic Republic of Congo after receiving regulatory approval from Kenya and DRC.
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- Uncategorized
- Region
- Sub-Saharan Africa
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FI2020 Week to Convene Global Conversations on Financial Inclusion
The Center for Financial Inclusion at Accion (CFI) today announced the upcoming launch of Financial Inclusion 2020 (FI2020) Week, taking place from November 2-6, 2015.
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- Technology
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Tablets + Smartphones = Easier Microloans?: New Accion case study explores use of digital field applications by microfinance banks
Providing micro financial services often involves manual processes which limit the potential for scaling up and expose clients to poor service, errors and fraud. That's why many microfinance banks are increasing the use of tablets, smartphones and other digital tools among loan officers and other staff. Accion has published a case study aiming to provide some clarity on the impact of these devices.
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- Education, Technology, Telecommunications
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Mobile Finance and Commerce 2.0: Mondato Summit Asia to discuss why emerging Asia could lead the way – Oct. 20-21, 2015
The mobile finance and commerce (MFC) ecosystem in the Philippines and across emerging Asia has grown to the point where it is on the verge of producing “MFC 2.0,” and leading the world in innovation. Mondato Summit Asia will bring together thought leaders and practitioners in Manila on Oct. 20-21 to discuss what the future of MFC is likely to look like in this region and beyond.
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- Uncategorized
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The Risks of Government-Led Financial Inclusion: Why agent networks in India need to move beyond government mandates
Over the years, the government of India has facilitated financial access by promoting account opening through various programs. And, at first glance, some of the numbers associated with the government's inclusion mandates look good. But a more detailed look reveals a bleak picture that includes high agent attrition and low account activity rates.
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- Impact Assessment
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Vision and Discipline: How to Innovate for Increased Financial Inclusion
Globally, some two billion working-age adults in emerging markets are excluded from the type of financial intermediation that we take for granted in the developed world: a transaction account to send and receive money; the ability to save for a rainy day; access to credit if needed for bigger, spiky outlays; insurance to help mitigate the financial consequences of an unfortunate event.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Viewpoint: Why India’s Department of Post Should Be Restructured for Financial Inclusion and Efficiency
The Reserve Bank of India (RBI) recently gave a licence to India Post to function as a payments bank. Does it change anything for the people? Post offices in India have already been working as payments banks. Individuals open accounts, deposit and withdraw money by cash or cheques and receive payments through them. All these transactions are meticulously recorded manually in their passbook. Post offices do not provide any loans or carry out any credit transaction. This has been in operation for more than a century and much before the RBI came into existence. So, what would change after the RBI’s licence?
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- Uncategorized
- Region
- South Asia
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Financial Inclusion a Theme at MasterCard Investor Day
During MasterCard’s Investment Community Meeting on Wednesday (Sept. 9), the remarks from CEO Ajay Banga and his executive team gave a pretty good indication into how MasterCard views its role in the fast-moving digital payments ecosystem.
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- Uncategorized
- Region
- South Asia