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AmEx Pushes Tech to Bank the Unbanked
America's unbanked and underbanked spent $78 billion on fees and interest in 2011; $30 billion in overdraft fees. Meanwhile, 93% of branch closures over the last five years have been in low-income neighbourhoods.
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- Uncategorized
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United Bank for Africa Strengthens E-banking Channels to Boost Financial Inclusion
The Division head said that UBA’s innovative e-Channels have accorded the customers triple gains of financial control, convenience and security.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Microfinance Institutions Network Seeks Early Implementation of Mor Panel Report in India
"Our customers are demanding number of banking services from MFIs. They want services beyond loan offerings, including insurance, invesment opportunities, inter-bank trading services, where banks find it difficult to provide services due to various reasons," said Alok Prasad, chief executive officer (CEO), MFIN.
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- Region
- South Asia
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Women in Kenya stay united to reap benefits from micro-loans
Women in Kenya are reaping huge from micro-lending institutions because of their ability to form groups and stay united. The women, majority who are in groups commonly known as chamas, are the biggest beneficiaries of micro-loans in the East African nation.
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Digital financial inclusion is vital to India’s poor citizens, says Gates
India is poised to lead the world in connecting the poor to bank accounts through mobile phones. This is an ambitious goal. According to the World Bank, only 35% of Indians use formal financial services right now. But India can get to 100%, and if it does hundreds of millions of Indians will be able to create better opportunities for themselves and their families.
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Mobile banking flourishing in Pakistan
The recent years have witnessed a revolutionary concept of social and economic services among them financial services landscape that are fast changing with introduction of innovative mobile payments (m-payment) systems.
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Kenya’s Mobile Money Competition to Heat Up
Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Behavioral Change Tops Challenges for Mobile Money Use in West Africa
Cultural factors slow down the embrace of mobile money services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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