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Myanmar gets first national mobile money service
Myanmar Mobile Money has launched a range of services including P2P funds transfer via mobile phones as it seeks to exploit what is a prime market with an underdeveloped financial sector.
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- Uncategorized
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In India, Nachiket Mor defends the need for specialized banks
Nachiket Mor, Chairman of the RBI's committee on financial inclusion, strongly defended the need to have specialised banks compared to new full service banks. He said that the idea of financial inclusion will be better served in the medium term if specialised banks such as payments only banks and lending only banks are allowed to flourish.
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- Uncategorized
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OPINION: Branches Will Never Result In 100% Financial Inclusion in India
India has just 110 branches per million persons, compared with the USA which has more than 300 branches per million persons, and Spain which has an incredible 900 branches per million persons, with the next nearest in the EU being Italy with 650/mm.
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- Uncategorized
- Region
- South Asia
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Kids and Money: Watch the replay of our Google Hangout with Jeroo Billimoria, founder of Child and Youth Finance International (and eight other social enterprises)
Pioneering social entrepreneur Jeroo Billimoria is the founder of several award-winning international NGOs, and is perhaps best known for her work promoting financial capability among young people. She joined NextBillion Financial Innovation via Google Hangouts for a fascinating Q&A.
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- Education
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OPINION: Payment banks could promote financial inclusion in India
Payment banks will be a bank in every respect except that it can’t lend, thus removing the risk of leverage.
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- Uncategorized
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‘Micro-insurance Impacts Significantly on Social Indices’
The Micro-insurance Network, the International Labour Organisation’s (ILO’s) micro-insurance innovation facility, has said that micro-insurance has impacted positively on the standard of living of low income earners across the world.
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- Education, Impact Assessment
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More mobile money choices for Zimbabweans
Competition is heating up in Zimbabwe’s mobile money space as telecom firms look to outwit each other in order to cash in.
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- Uncategorized
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Did T-Mobile just pull an Android on U.S. banks?
Operators have been trying for ages to launch mobile banking schemes hoping to create new revenue opportunities for themselves. T-Mobile’s latest attempt, dubbed Mobile Money, offers a refreshing new perspective on the space. Drawing on the playbook of innovators like Google and Amazon, T-Mobile uses two strategies that are indeed quite un-carrier-like.
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- Technology
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