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Africa Progress Report Asks Governments To Promote Mobile Banking
A new report has urged African governments to emulate Kenya in supporting the development of mobile banking and electronic commerce to increase financial inclusion.
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- Region
- Sub-Saharan Africa
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Tanzania: Mobile Money Services Register Boom
It is estimated that 2.5 billion people around the world are unbanked. They lack financial services needed to invest in their livelihoods, protect their assets, and avoid falling deeper into poverty.
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How Non-Profits Are Cashing In on the Cryptocurrency Boom
Bitcoin is often discussed as the backbone of the online drug trade, an interesting speculative investment, or simply a futuristic way to order pizza. But proponents say the cryptocurrency also has great potential for the nonprofit world.
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PRESS RELEASE: Accion Venture Lab Invests in RevolutionCredit
Accion, a pioneer and leader in financial inclusion, today announced an investment in the financial capability and behavioral-credit insight company RevolutionCredit, through Accion Venture Lab, a $10 million initiative dedicated to providing seed capital and management support to financial inclusion start-ups.
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10-year-olds can open and operate a bank account alone, says Reserve Bank of India
Children older than 10 years will no longer need the help of their parents or guardians to open and operate a savings bank account. To boost financial inclusion, the Reserve Bank of India (RBI) on Tuesday said that banks were at liberty to allow minors above 10 years to independently open and operate savings bank accounts.
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OPINION via Tony O. Elumelu: CSR as an anti-poverty instrument
In 2000, the United Nations made the historic announcement of eight Millennium Development Goals (MDGs). They were very specific and had a timeline of 15 years for delivery. Progress on most of these objectives has been encouraging, but as we look towards the next round of development goals, we must recognise how the world has changed since 2000.
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Forget Banks: If Bitcoin Is Going To Change The World, Then This Is The Real Competition
A central conceit of Bitcoin evangelists is that the cryptocurrency could be most useful to "the global unbanked."
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Making banking more secure, convenient through verification number
The World Bank Group’s newly launched Global Financial Development Report 2014 on Financial Inclusion estimated that half the world’s adults, approximately 2.5 billion individuals, do not have an account with a formal financial institution.
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- Education