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India’s Banks not Inclusive Enough
Are commercial banking (as it is currently practiced in India) and attainment of financial inclusion mutually exclusive?
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- South Asia
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The Next Great Innovation in Finance: Lee Babcock of ACDI/VOCA on the disruptive potential of mobile money
As part of NextBillion Financial Innovation’s launch, we invited a number of leaders to contribute their views on where innovation is heading, and what obstacles remain. Today Lee Babcock, Managing Director of Mobile Strategy at ACDI/VOCA, describes how different stakeholders can help mobile money become the next innovation to transform finance at the BoP.
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Poor are more trustworthy and bankable, says India’s Finance Minister
Seeking to promote financial inclusion, India's Finance Minister P Chidambaram today called upon banks to focus on poor customers who are more trustworthy and "bankable" as compared to large borrowers.
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Airtel Money and Ecobank in mobile money partnership
Bharti Airtel has announced a partnership with Ecobank to deliver Airtel Money to nine countries across Africa with Airtel operations. The partnership will make it possible for Airtel customers in the countries with businesses with Ecobank to access secure, convenient and instant mobile financial services on the go.
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Indian micro-lenders look beyond Andhra Pradesh for survival
Micro-lenders claim that new rules have turned their businesses unviable and encouraged borrowers to not repay money.
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- South Asia
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Telcos’ exclusion slows uptake in Nigerian mobile money business
Analysts have identified the exclusion of telecommunications operators from playing critical roles in the implementation of mobile money as a significant drawback to the uptake of the service two years after its launch by the Central Bank of Nigeria (CBN).
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- Region
- Sub-Saharan Africa
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Winners and Losers on the Road to Financial Inclusion: FI2020 Roadmaps help navigate the ongoing transformation in financial services
There is a transformation going on in financial services, fueled by rising incomes and IT breakthroughs. Now is a time of experimentation with new products, providers and delivery systems that reach previously excluded clients. Elisabeth Rhyne, Managing Director at the Center for Financial Inclusion discusses the FI2020 Roadmaps, with recommendations on navigating this new environment.
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Looking For The Next Big Thing In Smartphones? Think Digital Inclusion In Developing Countries
If you’re looking for a revolution involving smartphones, you’re unlikely to find one by staking out front row seats at the next new product announcement. The transition from basic “feature” phones to smartphones is about to reshape how a large fraction of the world’s population engages with information.
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