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Press Release: Accion, FMO and Triodos Investment Management Form Consortium to Strengthen Financial Inclusion in Myanmar
Financial inclusion pioneer Accion, the Dutch development bank FMO, and Triodos Investment Management today announced their plans to invest in and expand Dawn Microfinance, one of the earliest microfinance institutions (MFIs) established in the Republic of Myanmar. The $6.85 million investment is intended to establish the newly incorporated MFI as a premier institution that can serve as a model for the country’s nascent microfinance industry and influence the development of the sector.
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- South Asia
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NexThought Monday: Is Faster Necessarily Better?: As India’s financial inclusion initiatives race forward, questions linger about its microfinance-focused MUDRA
The pace of recent financial inclusion initiatives in India has been supersonic. Since August of last year, banks have opened 147 million new accounts, thanks largely to government programs. But while this progress is exciting, there are a number of unanswered questions about the real impact of these initiatives, including the new microfinance refinancer/regulator MUDRA.
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Africa Trumps World Giants in Payment Tech
Africa is ahead of the US in terms of the rate of payments innovation, while Europe is lagging way behind.
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- Sub-Saharan Africa
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A Former New York Investment Banker Takes on Financial Inclusion in India
When she left New York five years ago, a former Wall Street investment banker had a plan for a new business in India. Today, that plan has become a growing company tackling financial inclusion in a way few have considered to date, in India’s evolving, highly unique, growth environment.
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- South Asia
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India accounts for about a fifth of the global population without bank accounts
Recent statistics released by the World Bank highlight not only the strides made by India on the financial inclusion front, but also the challenges ahead.
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- Education
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- South Asia
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‘Mobile money is not the only option in Sub Saharan Africa’
Mobile money platforms may have taken root in Sub Saharan Africa but they are not the only innovation disrupting the financial services sector in the region, with new technology-based finance platforms also seeing rising uptake, experts say.
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- Uncategorized
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- Sub-Saharan Africa
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Somalia’s Premier Bank to bring ATMs, debit cards to Mogadishu
Somalia's Premier Bank has struck a deal with Mastercard and will issue debit cards and install ATM machines in the capital of the war-ravaged country, the Islamic lender's top executive said on Wednesday.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nepal commits to modernize economy through digital payments
Nepal recently announced an ambitious commitment to modernize its economy through digital payments, which include joining the Better Than Cash Alliance to foster inclusive growth and transparency.
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- Uncategorized
- Region
- South Asia
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