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National Bank of Kenya and WorldRemit’s join monetary forces
The newly-formed allegiance sees a partnership which will enable Kenyans living abroad to make instant transfers to Kenya.
- Categories
- Financial Inclusion
- Region
- Sub-Saharan Africa
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How this social entrepreneur is bringing banks to the fingertips of the unbanked
Humaniq was launched in 2016 with a vision to build a world where the unbanked and underbanked around the world also have access to the banking and financial transactions. An estimated 2 billion people can be brought under the umbrella of financial inclusion with Humaniq’s services.
- Categories
- Entrepreneurship, Financial Inclusion, Technology
- Region
- North America
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Want to Boost Financial Inclusion? Pay Interest on Mobile Money
E-money has been the principal means of increasing access to financial inclusion. Yet most accounts in emerging markets are used only to receive government payments that are then quickly withdrawn as cash. Ross P. Buckley, Louise Malady and Cheng-Yun Tsang say that one way to tackle this problem, and to promote financial inclusion, is to pay interest on e-money.
- Categories
- Financial Inclusion
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Juvo raises $40 million to bring financial inclusion to emerging markets
Juvo joins companies like Branch and Tala in bringing financial services to the underserved in developing markets.
- Categories
- Financial Inclusion
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Steep fees call into question bitcoin’s promise for the underbanked
Abra set out in 2014 to make mobile money movement cheap and fast worldwide, using the bitcoin network as rails. But lately the fees for transferring value on that network have risen, creating a predicament for the startup: charge more for sending funds with its mobile app, or eat the fees.
- Categories
- Financial Inclusion, Technology
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FINCA gears up for digital disbursement solutions in Pakistan
The bank will use gadgets to get all necessarily details of the client via biometric verifications, thereby reducing the loan-processing time to within 48 hours. Apart from gadgets, the bank’s newly launched mobile wallet, SimSim appears to be the management’s hope to increase foothold in rural localities.
- Categories
- Financial Inclusion, Technology
- Region
- South Asia
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3 ‘model countries’ selected for a new financial inclusion initiative
“The three countries selected were chosen based on potential for country programs, level of national government and private sector commitment to financial inclusion, number of people that could be reached through digital financial services, and potential for reforms to encourage innovation and digital technologies use,” read a statement issued Thursday.
- Categories
- Financial Inclusion
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Going Cashless? Bad for Tax Cheats, Privacy, Poor
Could physical cash go away entirely? Economists see great payoffs in a cashless society: lower transaction costs, new tools to manage economic growth and an end to tax evasion and money laundering. Critics see an end to privacy, frightening new powers for tyrants and costs that would fall disproportionately on the poor.
- Categories
- Financial Inclusion, Technology
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