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Three Finalists for the 6th European Microfinance Award Announced
On Tuesday 22nd September, the Selection Committee for the 6th European Microfinance Award on Microfinance in Post-disaster, Post-conflict Areas & Fragile States, composed of members of the European Microfinance Platform (e-MFP) and Inclusive Finance Network Luxembourg (InFiNe.lu),) selected the three finalists who will go on to compete for the €100,000 prize. These three organisations are Crédit Rural de Guinée from Guinea, The First Microfinance Institution from Syria and Taytay Sa Kauswagan Inc. from the Philippines. The winner will be announced by the President of the High Jury Her Royal Highness The Grand Duchess of Luxembourg on November 19th, at a ceremony hosted at the European Investment Bank in Luxembourg, during the annual European Microfinance Week.
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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."
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- 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.
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- 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
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- 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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- 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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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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- 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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