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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
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Indian microfinance bank Bandhan plans to open 600 branches
Microfinance outfit Bandhan Financial Services Ltd., which got a banking licence from the Reserve Bank of India on April 9, is planning to open around 600 branches, its Chairman and Managing Director Chandra Sekhar Ghosh said.
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- Uncategorized
- Region
- South Asia
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BLOG: Momentum Builds for 100 Percent Impact Investment Movement
When I first started working in impact investing, the field's challenges were foundational: refining the concept, finding suitable investments, figuring out how to measure impact, even determining what to call the concept. Work in all those areas continues, but the field has matured to the point where it's on the agenda of the G8, finance conglomerates feel they need to have an impact product, and the mainstream business press is taking notice (if skeptically). N
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Reserve Bank of India May Allow MFIs to Function as Business Correspondents of Banks
However, the move has faced serious opposition from various departments in the central bank.
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- Uncategorized
- Region
- South Asia
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Philippines Using Postal Banks to Advance Financial Inclusion
The Philippine Postal Savings Bank (Postbank) inaugurated Tuesday this week two branches of its Microfinance Banking Office (MBO) or Bangko sa Nayon in Albay alongside the government efforts to pursue inclusive growth particularly on the countryside.
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- Uncategorized
- Region
- Asia Pacific
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Microfinancing Mexico Via Responsible Tourism Activities
Fundacion En Via aims to empower women in Mexican villages with interest-free loans and business coaching.
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- Uncategorized
- Region
- Latin America
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E-banking Central to Uruguay Financial Inclusion Law
Electronic banking services will play a central role in Uruguay's new financial inclusion law, approved by the senate last week, local paper Espectador reported.
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- Uncategorized
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Uganda’s Bank of Africa Unveils Mobile Banking Platform
Uganda’s Bank of Africa (BOA) has launched a mobile banking platform geared towards earning the bank a larger market share amongst those using mobile money as a way of doing business.
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- Uncategorized
- Region
- Sub-Saharan Africa