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Telenor Group and Ant Financial in strategic partnership to deliver inclusive financial services in Pakistan
Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group ("Ant Financial") in Pakistan, where Ant Financial will invest USD 184.5m for a 45% stake in Telenor Microfinance Bank ("TMB"), a subsidiary of Telenor Group, to further develop TMB's mobile payment and digital financial services.
- Categories
- Finance, Technology
- Region
- South Asia
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Grab, Uber’s Southeast Asia rival, now offers micro-loans and other financial services
The Singapore-based company has been pushing itself into fintech for some time, with the most visible moment being the launch of its mobile payments service last November. Today, it extended that further still by introducing micro-loans and insurance options for Grab drivers and businesses that use its GrabPay services.
- Categories
- Finance
- Region
- Asia Pacific
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Indonesia eyes fintech regulation to avoid ‘loan shark-like’ practices
The emergence of these peer-to-peer (P2P) lending platforms, offering loans ranging from as little as a few hundred dollars to several thousands, has so far been welcomed by Indonesia, Southeast Asia’s biggest economy where tens of millions of people have little or no access to bank credit.
- Categories
- Finance
- Region
- Asia Pacific
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GIC-Backed Bandhan Bank’s Indian IPO to Raise Up to $689 Million
Bandhan Bank Ltd., the first Indian microfinance lender to get a banking permit, has set the price range for its initial public offering, which could raise as much as 44.73 billion rupees ($689 million).
- Region
- South Asia
- Tags
- microfinance
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Press release: OPIC unveils 2x Women’s Initiative to mobilize more than $1bil to invest in the world’s women
The Overseas Private Investment Corporation (OPIC) today unveiled its global 2X Women’s Initiative, which will mobilize more than $1 billion to projects that support women in developing countries, unlocking the multi-trillion dollar investment opportunity women represent. The announcement was made at the 8th Annual International Women’s Day Forum, hosted by the U.S. Chamber of Commerce.
- Categories
- Investing
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Rwanda’s central bank urges MFIs to automate to reduce bad loans
The National Bank of Rwanda (BNR) has called on microfinance institutions (MFIs) across the country to embrace automation and reduce the rate of bad loans before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Madagascar: $45 Million to Promote Financial Inclusion of Individuals and Small Enterprises
Madagascar Financial Inclusion project will specifically target women and women-owned enterprises, to reduce disparities in access to finance for women. The direct beneficiaries of the project will include teachers, students and taxpayers that will have the option to receive and make government payments through an e-money transaction account.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: India’s government is yet to achieve its financial inclusion goal
“If we don’t catch up in accordance with the requirements of the society, a day won’t be very far off when we are faced with serious challenges of a large section of senior citizens who are completely devoid of any form of dependency itself,” Jaitley added at the release of the latest edition of Crisil inclusix report.
- Region
- South Asia
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