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Mastercard Opens Tech Hub and Preps for Masterpass in India
MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4).
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- South Asia
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Payment Banks: How It Is Possible to Build a Business Around Financial Inclusion
Dattaram, 50, earns Rs 9,000 a month doing domestic chores in three to four homes in a Mumbai neighbourhood.
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- Technology
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- South Asia
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India’s Jan Dhan Yojana has helped poor, but financial inclusion still far off
According to a World Bank survey in 2012, only 35% of adults in India had access to a formal bank account and only 8% borrowed from institutional and formal sources
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- South Asia
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Mind, Society and Behavior – and Financial Inclusion: How should behavioral research inform initiatives at the World Bank and beyond?
Paying attention to how people think, and to how history and context shape their thinking, can improve the design and implementation of development policies and interventions that target human behavior. What does this mean in practice? And how should it apply to financial inclusion efforts, and to the World Bank’s work in particular? Douglas Randall discusses.
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Bill Gates Explains Why Bitcoin Won’t Help the Poor
According to the World Bank, approximately 2.5 billion people (roughly half of the world’s adult population) does not have a bank account due to reasons such as lack of money, high fees, long distances, and complicated paperwork.
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Bharti Airtel, India’s Largest Mobile Services Provider, Applies for a Payments Bank License
Bharti Airtel, through its wholly-owned subsidiary Airtel M Commerce Services Ltd. (AMSL), is applying for a Payments Bank licence with Kotak Mahindra BankBSE -0.69 % as a partner.
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- South Asia
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A Big Step Forward for Bolstering Financial Inclusion
Economists are paying increasing attention to the link between financial inclusion—greater availability of and access to financial services—and economic development. In anew paper, we take a closer look at exactly how financial inclusion impacts a country’s economy and what policies are most effective in promoting it.
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If Cash Is King in Africa, Mobile Money Is Heir Apparent
For most African businesses and the populace at large, cash is king, owing to the continent’s developing electronic funds transfer systems and the slow uptake of technology-based remittance and payments platforms. But experts believe that the growing integration of telecommunications and banking in most African countries, as well as the continued revamping of platforms enabling electronic funds transfers, is helping mobile money to catch up to cash in terms of popularity.
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- Uncategorized
- Region
- Sub-Saharan Africa
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