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Omidyar Network Leads Investment in Technology that Enables Central Banks to Issue Digital Fiat Currency
Omidyar Network announced today a for-profit investment in eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology that enables central banks to issue digital fiat currency, called eCurrency. eCurrency is different from the various forms of private sector digital value available today because it is issued by a central bank and has the same legal and monetary status as notes and coins.
- Categories
- Investing, Technology
- Region
- Europe & Eurasia
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Zimbabwe’s Microfinance Institutions Have Lost Their Way, Says Reserve Bank Governor
The Reserve Bank of Zimbabwe Says Microfinance institutions have lost their way as they are concentrating on maximising profit and need re-orientation to ensure they focus on supporting marginalised people living in rural areas to promote financial inclusion.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Leveraging Public Assistance to Promote Financial Inclusion in America
In a report out today, the Asset Building Program at New America argues that Temporary Assistance for Needy Families (TANF)—the national welfare program designed to help move low-income families to employment and reduce dependency on the safety net—has features that keep families in the financial margins and make it harder to get out of poverty.
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- Uncategorized
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Smart Campaign Recognizes Five Indian Financial Institutions for Exceptional Standards of Client Care
Arohan, Grameen Koota, Janalakshmi, Sonata and Utkarsh Awarded Smart Certification at Inclusive Finance India Summit in New Delhi.
- Categories
- Uncategorized
- Region
- South Asia
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Metlife Foundation Partners with Duke University to Identify New Ways to Help Low-to-Middle-Income Americans Better Manage Their Finances
MetLife Foundation and Duke University today announced that, with support from MetLife Foundation, Duke University is launching the CommonCents Lab (the “Lab”), an initiative that will apply behavioral economics to identify new ways to help millions of Americans improve their saving and spending habits.
- Categories
- Uncategorized
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Vodafone Brings Mobile Money to 15M People Without Bank Acccounts in Ghana
Vodafone has launched its mobile money scheme M-Pesa in Ghana, bringing a cash transfer service to the 15m people in the country who do not have a bank account.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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CSR and Financial Literacy in India
Abright orange bus is parked in Maralur Dinne, a village in Karnataka’s Tumakuru district. In the shade of that bus, 32-year-old Varalakshmi is trying her best to sell a garland of plastic flowers for Rs.20 to a woman who wants a discount.
- Categories
- Uncategorized
- Region
- South Asia
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American Express Backs Mexican Fintech Startup Clip as Emerging Markets Warm to Financial Startups
Investment in new financial technologies is exploding globally, and as traditional players look for opportunities they’re increasingly turning their attention to technology companies in emerging markets.
- Categories
- Investing, Technology
- Region
- Latin America
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