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Financial Inclusion on the Final Frontier: After years of isolation, Myanmar must build inclusive finance from the ground up
After decades of isolation, a new government is helping Myanmar rejoin the rest of the world, drawing a flood of new investment. But with 80 to 90 percent of its population lacking access to formal financial services, this investment could fail to fully impact the country’s poor. Accion CEO Michael Schlein discusses the need for new entrants to approach this market with social values and principles.
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Without broadband, financial inclusion in India will remain a ‘pipe dream,’ says telecom regulator chairman
Advocating deeper broadband penetration to ensure success of Jan Dhan scheme, telecom regulator TRAI’s chief Rahul Khullar today said financial inclusion will otherwise remain a “pipe dream” and merely opening bank accounts will not serve the purpose.
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- Technology
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- South Asia
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Mobile Money Amplified: Mondato Summit Africa to discuss the continent’s digital future in Johannesburg on June 2 – 3
A second generation of mobile financial tools and providers looks set to transform Africa’s economies. But while the outlines of Africa’s digital future may be faintly discernible, the substance is far from clear. Mondato Summit Africa, on June 2 - 3 in Johannesburg, South Africa, will seek to identify the key issues that will shape the evolution of African mobile commerce & finance in the years ahead.
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Financial Inclusion: How Banking Is Coming to India’s Countryside
One of the ways that Indian Prime Minister Modi is trying to get more Indians into the financial system is by delivering state support straight into bank accounts of those who need it rather than via costly price subsidies.
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Industry Convergence in Financial Services Is Accelerating
These days everyone wants to create the next Uber for anything, and the word “disruption” is mentioned across boardrooms and management meetings in nearly all industries. But while discussing the true meaning of disruption and which fintech startups are worth keeping an eye on, incumbents are at risk of overlooking players that once were customers and partners that can quickly become new digital competitors.
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- Technology
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Press Release: Microcredit Summit Campaign Joins World Bank’s Financial Inclusion Efforts
The Microcredit Summit Campaign joins the World Bank Group and their coalition of partners -- including MasterCard, Visa, Mandiri, the State Bank of India, Equity Bank, and Bandhan -- in making a commitment to accelerate universal financial access; financial access and inclusion are stepping stones to achieving the end of extreme poverty by 2030. The Campaign will work with its reporting institutions to help them expand their outreach by at least 53 million of the world's poorest families, bringing the overall total of the world's poorest families reached by microfinance to 175 million by 2020.
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Press Release: MasterCard Fndn. Announces $150,000 Award for the Most Client-Centric Organization Advancing Financial Inclusion
The MasterCard Foundation today announced the opening of its Clients at the Centre Prize competition, a US$150,000 initiative to find and recognize the most customer-focused organization working to enable poor people in developing countries to access formal financial products and services.
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Other Countries Like US, Russia May Soon Follow the Model of India’s Financial Inclusion Drive
The Pradhan Mantri Jan Dhan Yojana programme, the drive launched by Prime Minister Narendra Modi to ensure at least one member in every household in the country had a bank account, could soon emerge as a worldwide template for achieving rapid financial inclusion.
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