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MasterCard Launches Center to Drive Inclusive Growth Around the World
MasterCard has launched the Center for Inclusive Growth to further sustainable and equitable economic growth and financial inclusion around the world.
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- Education
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Mobile money agents fortify shops to stem rising crime
An upsurge of crime targeting mobile money shops in Kenya has prompted operators to come up with new ways to ward off criminals.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bringing financial inclusion to the Horn of Africa
At present some 281,000 active subscribers use their mobile phones every day to transfer money, make purchases, pay bills, and buy airtime in Somaliland. That number is expected to increase to 400,000 by the end of 2014, says Adan Shire.
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- Uncategorized
- Region
- Sub-Saharan Africa
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NextThought Monday: Want to end poverty? Bring financial education and empowerment to the youth, says Jeroo Billimoria
Until recently, the financial industry tended to dismiss the thought of young people as necessary customers. Many still feel that youth should be protected, that they don’t need to learn about finance until later in life. On the contrary: to eradicate poverty, we have to ensure that every child is financially capable and included, says Jeroo Billimoria of Child and Youth Finance International.
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SKS Microfinance poised to make a clean break from the past
If Vikram Akula, the disgraced founder of SKS Microfinance, is attempting a back-door entry into the company, then something in it is attractive again.
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- Uncategorized
- Region
- South Asia
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Piloting the 2014 Findex
As President Kim pointed out earlier this month at the plenary of the World Bank/IMF Annual Meetings, 2.5 billion adults worldwide aren’t using the formal financial system
- Categories
- Education, Impact Assessment
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Mobile Devices Alone Won’t Solve American Financial Inclusion Problem
Mobile services would alleviate friction and save time for underserved, low-income consumers. But convenience won't necessarily transform the financially excluded into the financially included.
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- Uncategorized
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Cash Cows: Why making bank accounts function like livestock will help the poor
In an age of mobile banking and digital transactions, many poor people still shun basic banking services and put their extra money in livestock. Why? Cows make sense as a savings tool in ways that bank accounts don’t, says Ignacio Mas. He suggests several ways banks could create products with similar properties to livestock, helping the poor use their accounts more intuitively.
- Categories
- Agriculture