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Microfinance and Payday Loans: How Paytm’s Payment Bank Will Be ‘Different’
"There's so much scope for digital payments, and there are enough unbanked even in the city, that you can tap into with only a little effort," says Nitin Misra, who heads Paytm's payment product pipeline. "We can offer a lot to the unbanked and the underbanked, and for the small percentage of the population that is actually fully banked, we offer safety and convenience."
- Categories
- Uncategorized
- Region
- South Asia
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1.3 Million Square Miles of Financial Inclusion: New MIX report offers granular data on India
India is currently home to 21 percent of the world’s unbanked adults, a problem the government is addressing through its ambitious financial inclusion plan. Ensuring that this and other efforts are effective requires a detailed understanding of the distribution of financial service access points, through granular, subnational data. MIX has created a custom tool to provide this, and Nikhil Gehani describes what it has found.
- Categories
- Education
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Viewpoint: Bank-Telco Distrust Inhibits South Africa’s Financial Inclusion
Although partnerships between banks and telcos are essential in enabling financial inclusion to billions of people in Africa, the egos among the institutions are hindering such partnerships, especially in SA.
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- Technology
- Region
- Sub-Saharan Africa
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Report: New-Age Banking Increases the Ambit of Financial Inclusion in India
Over the past decade, the Indian banking sector has witnessed a sustained push in the form of a number of initiatives and reforms from the government as well as the Reserve Bank of India (RBI). The sector has grown significantly in terms of customer base, coverage and business.
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- Uncategorized
- Region
- South Asia
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Weekly Roundup 9-19-15: Impact investing gets bizarro, poverty surveys get reflective, Gates gets quizzed
We highlight a unique anti-poverty tool geared toward heads of low-income households rather than policy-makers, discuss a truly bizarre new entrant into the "impact investing" scene, and take a quiz with Bill Gates in this Roundup.
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- Uncategorized
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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.
- Categories
- 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.
- Categories
- 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.
- Categories
- Education, Technology, Telecommunications
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