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Myanmar anticipating a leap-frog in development through financial inclusion
An overview of the Financial Access Landscape and the usage of financial services by consumers in Myanmar.
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- Uncategorized
- Region
- South Asia
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Three Key Steps for Boosting Mobile Money in Nigeria: Grameen Foundation explores ways the struggling sector could reach its potential
As the largest of Africa’s fast-growing economies, Nigeria is a promising market for mobile finance. Yet though almost 57 percent of Nigerian adults have no access to formal financial services, only 0.1 percent actively use mobile money. Grameen Foundation explores the reasons for the stunted growth of mobile services, and outlines some key steps that could increase their adoption and continued use.
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State Bank of India to Provide Mobile Financial Services to Underserved
Amdocs, a provider of customer experience products, today announced the selection of its mobile financial services product in association with Triotech's product, which will enable State Bank of India to offer mobile financial services to India's unbanked and underbanked population, using the mobile network of Bharat Sanchar Nigam Limited. The solution will be delivered under a five-year services contract, according to a press release.
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- Uncategorized
- Region
- South Asia
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Financial Education in the Digital Age: It’s affordable, it’s scalable – but does it work?
Financial education is a key strategy for achieving full financial inclusion. But in-person group training by a human trainer have failed to consistently improve beneficiaries’ knowledge and behavior, and they are often too costly to scale. Nowadays, however, individualized financial education can reach millions at a low cost via digital platforms. IPA is examining the impact and potential of these programs.
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- Education
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Khosla Labs & Unitus Seed Fund to Incubate and Back Up to Six Aadhaar-Based Startups
Bangalore-based startup incubator Khosla Labs has partnered with seed-stage impact investor Unitus Seed Fund to incubate and fund four-six startups working on the Unique Identification Authority of India (Aadhaar) project.
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- Uncategorized
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- South Asia
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Survey: 36.9m Nigerians Excluded From Financial System
Findings from the EFInA access to financial services in Nigeria 2014 survey has revealed that 36.9 million adults, representing 39.5 per cent of the population are financially excluded.
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- Uncategorized
- Region
- Sub-Saharan Africa
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PRESS RELEASE: Global Banking Alliance for Women Announces Partnership to Close Gender Data Gap in Finance
The Global Banking Alliance for Women (GBA) is proud to announce a partnership with the Inter-American Development Bank (IDB) and Data2X to expand the collection and use of financial data on women in economies around the world. The commitment was announced this morning at an event in New York headlined by speakers Secretary Hillary Rodham Clinton and Michael R. Bloomberg, during a panel moderated by Chelsea Clinton. The initiative aims to close the gender data gap in the banking sector, leading to greater financial inclusion and empowerment of women.
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Underserved Markets Ripe for Insurance Innovation, Swiss Re Americas CEO Says
Underserved populations and market niches are ripe with potential for insurance innovators who are willing to take on the challenge of creating opportunities in areas that may seem unprofitable at first glance, says the chief executive of the Americas unit for one of the world’s largest reinsurance companies. And the ability to reach those markets digitally is key.
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- Uncategorized
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