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Financial inclusion in India may remain an unsolved puzzle for now
Days after the PM announced a financial inclusion package, a look at how banks and insurance firms are going about it & what lies ahead.
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- Uncategorized
- Region
- South Asia
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Using mobile money to increase financial inclusion in Indonesia
With the rapid growth of the middle-income population and a better-educated demographic bonus, Indonesia is expected to experience a more sustainable economic growth. One of the ways to achieve this is by increasing people’s involvement in the financial sector, otherwise known as financial inclusion.
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- Uncategorized
- Region
- Asia Pacific
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Ericsson to power Mobile Money project for ASBANC in Peru
Telecom equipment vendor Ericsson will design and implement the mobile money project, Peru’s largest private initiative for financial inclusion for the National Bank Association in Peru.
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- Uncategorized
- Region
- Latin America
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Ending M-Pesa’s solo story
M-Pesa lacks interoperability with any of the rival services run by the country’s three other operators: Airtel, Orange and yuMobile. But Safaricom is now under pressure to change its ways.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Saving for Change: Why is it so difficult for people of all income levels to save money – and how can financial institutions help?
Saving money is hard - particularly for the poor. And with a lack of formal savings options, many poor people end up hiding cash, investing in assets such as livestock or land, or engaging in informal savings arrangements. Yet for those who can stow away even a little money, the benefits can be enormous. Roxanne Bauer explores why saving is so difficult, and what financial institutions can do about it.
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- Uncategorized
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Narendra Modi government to pay banks fee for pursuing financial inclusion plan in India
MUMBAI: Government has agreed to give banks some commission for pursuing the financial inclusion plan announced by the prime minister on the Independence Day.
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- Uncategorized
- Region
- South Asia
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OPINION: By making ATM transactions expensive, the Reserve Bank of India is contradicting its own stance
On Thursday, when the Reserve Bank of India (RBI) permitted banks to charge customers for using other bank ATMs more than thrice a month and that of own-banks more than five times, the apex bank was contradicting its own stated policy stance of encouraging public to alternative banking channels and, then gradually, to paperless banking.
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- Uncategorized
- Region
- South Asia
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Modi Promises Access to Banking for India’s Poor
Prime Minister Narendra Modi promised on Friday greater access to financial services for nearly 500 million Indians who do not have a bank account, many of whom are now at the mercy of money lenders who charge extortionate interest.
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- Uncategorized
- Region
- South Asia
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