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Operation Hope Summit: Reaching the Bottom of America’s Pyramid
Rather than casting the poor as lazy or ignorant, society should be looking for ways to redirect their latent talents and connect them with opportunity.
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Telecoms firms pin hopes on mobile banking
Cellular operators want to open up their networks for more banking transactions as they have pinned their hopes on mobile money to grow revenues in the future. According to Fredrik Jejdling, Ericsson’s sub-Saharan African regional head, the most downloaded mobile apps in Africa now were banking apps. Social networks were the second most downloaded.
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Financial Inclusion By 2020: Our Generation’s Equivalent of Putting a Man on the Moon
Organizations like the Center for Financial Inclusion at Accion and the World Bank have recently set a goal by 2020 of achieving full financial inclusion for the 2.5 billion people – about half the planet – who don’t participate in the financial mainstream. Bringing one in two people across the globe into the financial fold is a formidable challenge. Can it be done?
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A data-driven perspective on Islamic finance
In an effort to add some empirical rigor to ongoing debates surrounding Islamic finance, a new working paper and Findex Note explore differences in the usage of formal financial services between Muslims and non-Muslims, and the usage of and preference for Sharia-compliant banking products.
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- Education
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- North Africa & Near East
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Mobile banking without a phone: Here comes the bank van
In Uganda, Rwanda, and the Philippines mobile banking vans reach out to the rural poor as an alternative to cell phone banking schemes.
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Kenya: Scratch Cards Provide Short Term Savings for Zambian Cotton Farmers
Among problems facing farmers is access to financial services, including banking services and loans. In Bungoma County, Western Kenya, farmers shied away from small and micro financial institutions due to the high cost of loans and high expectations imposed on them. In Zambia, a donor funded pilot project brought in some form of financial inclusion to cotton farmers.
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- Region
- Sub-Saharan Africa
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ADB, IDB Presidents discuss interregional partnership and shared challenges
Asian Development Bank (ADB) President Takehiko Nakao and Inter-American Development Bank (IDB) President Luis Alberto Moreno met today to discuss how the two regions can step up joint efforts to tackle shared opportunities and challenges, such as increased economic integration, private sector development, rising inequality, and a lack of opportunities for the poor.
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- Region
- Latin America
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New Report Finds $5 Billion in Investments in FinTech for Financially Underserved Americans
Study Tracking Investment Activity in FinTech Companies with Potential to Help Financially Underserved Consumers Shows Growing Market, Investor Opportunity, and Emphasis on Payments and Specialty Credit Technologies
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