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Indian government committed to reviving postal department through payments banking
Communications minister Ravi Shankar Prasad on Thursday said the government will revive the postal department by using over 1.5 lakh post offices for furthering financial inclusion.
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- Uncategorized
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- South Asia
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OPINION: Payments Banks – A game-changing idea for financial inclusion in India
Over the next decade or so, payment banks' functioning has the potential to bring about another revolution in the banking sector.
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- Uncategorized
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- South Asia
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Three Pillars for Measuring Impact in Inclusive Financial Services: Apis Partners and Accion Frontier Investments Group publish a framework for impact investors
In seeking to ensure a social as well as financial return on their investments in inclusive financial services, Apis Partners and Accion Frontier Investments Group created a framework to capture these services' unique aspects of impact. This gave rise to three core categories which they believe any fund manager investing in inclusive financial services can use to measure impact.
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- Impact Assessment
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A Hundred Apps Bloom in China as Millions Bank on Their Phones
Consumers are skipping straight from cash to mobile finance.
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- Technology
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- Asia Pacific
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Kenyan banks take on M-PESA in fight for money transfer billions
Kenya Bankers Association plans to launch an interbank mechanism to enable interoperability across member banks for all retail payment streams, aiming to eat into M-PESA’s market share.
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- Uncategorized
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- Sub-Saharan Africa
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A smile boosts the chances of getting a microloan, say Stanford psychologists
Stanford psychologists found that applicants for microloans are more likely to win approval if the photograph they send along with the application evokes a positive emotional response.
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- Education
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Indian mobile operators feature strongly among ‘payments bank’ license winners
Bidders linked to the country’s top three mobile operators – Bharti Airtel, Vodafone and Idea Cellular – as well as newcomer Reliance Jio Infocomm and Telenor were among eleven winners of payments bank licenses in India.
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- Uncategorized
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- South Asia
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Fast Lane to the Future: Three ways the ‘leapfrog effect’ is transforming developing countries – and revolutionizing finance
The “leapfrog effect” refers to the phenomenon, in fast-growing emerging economies, of technological advances permitting shortcuts in infrastructure building. This saves considerable time and money – and can deliver quick results that took more developed countries decades to attain. Here are three ways the leapfrog effect is reshaping economies – and finance – in the developing world.
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- Technology