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“Africa needs Africa”: MasterCard & Bank of Tanzania push for local solutions
Zahir Khoja, VP, global channels at MasterCard, said Africa is attractive as an untapped opportunity and warned many companies think they can implement a “plug and play solution” without realising that “sometimes there is no socket” to do this. Instead they need to understand that an African-specific solution is needed.
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- Uncategorized
- Region
- Sub-Saharan Africa
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One Size Doesn’t Fit All: Understanding the shifting dynamics of BoP clients’ demand for financial services
As the need to better serve BoP markets has become a business imperative, both the context and our knowledge about low-income consumers’ use of financial services have changed. For that reason, Monique Cohen argues, we need an approach to customer service and product development that recognizes customers’ different - and evolving - financial needs.
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- Uncategorized
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USAID administrator announces financial inclusion commitments in India
U.S. Agency for International Development Administrator Rajiv Shah announced USAID support for three priority areas of partnership as identified in the recent summit between Prime Minister Modi and President Barack Obama in Washington.
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- Uncategorized
- Region
- South Asia
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India’s financial inclusion scheme progressing ahead of schedule
At the current pace, it's a matter of days before bank employees help the government scale the target of opening 7.5 crore bank accounts under the financial inclusion scheme launched on August 29.
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- Uncategorized
- Region
- South Asia
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Converting Short-Term Remittances Into Long-Term Investments: Global Fund explores ways to build in financial inclusion and sustainable funding for health care
As many countries face mounting pressure to identify additional sources of domestic financing, The Global Fund ponders how individual remittance and savings accounts can play a larger role as an innovative solution for public health.
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- Education, Health Care
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Survey: Banking growth has not boosted savings in South Africa
The number of banked South Africans has grown to 27.4 million over the past ten years, or about 75% of the total adult population. But this increase has not translated into a higher incidence of saving, with only 20% of banked adult South Africans saving either in banks or non-bank financial institutions.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Financial Capability + Savings: IPA explores their impact on school performance and other areas
The theory behind financial education is that by learning financial concepts from an early age, children will make welfare-enhancing financial decisions when they grow up. But does it work? Innovations for Poverty Action runs down the results of programs in Uganda and beyond that are offering savings accounts, financial capability training or a combination of the two.
- Categories
- Education
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Indian start-up to enable bank transactions via kirana stores
Novopay uses Aadhaar biometric scanner for dealings
- Categories
- Uncategorized
- Region
- South Asia
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