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In Myanmar, Microfinance Stagnates Due to Tough Rules
The domestic microfinance industry is being held back by a number of constraints on funding, preventing more small-scale loans from being disbursed, according to industry insiders.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance, regulations
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Indian Microfinance Institutions Want RBI, Not Mudra Bank, as Regulator
Microfinance institutions (MFIs) are worried about the government's decision to set up the Micro Units Development and Refinance Agency, or Mudra Bank, to regulate them as there could be a conflict of interest. They want the Reserve Bank of India ( RBI) to continue as their regulator.
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- Uncategorized
- Region
- South Asia
- Tags
- microfinance, regulations
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U.S. Consumer Watchdog Unveils Plans to Regulate Payday Loans
The U.S. consumer financial watchdog on Thursday outlined its plans for cracking down on the payday lending industry and ensuring that borrowers can repay their loans.
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- Uncategorized
- Tags
- lending, microfinance, regulations
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Regulation Tripping Up Ghana’s Mobile Money Sector
The mobile financial services sector in Ghana has not yet fully lived up to its potential and is being held back from full development by regulatory hurdles, a new report says.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- regulations
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In Boon for Bitcoin, UK to Regulate Digital Currency Exchanges
Britain took a significant step towards becoming a global bitcoin hub on Wednesday as the government announced it would regulate digital currencies for the first time by applying anti-money laundering rules to exchanges.
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- Uncategorized
- Region
- Europe & Eurasia
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- regulations
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Why Bitcoin Regulation Lags Where it’s Needed Most
International remittance is ostensibly one of the most compelling use cases for bitcoin and digital currencies. Recorded remittances to Africa grew four-fold between 1990 and 2010 and have increased steadily since. The World Bank projects $39bn in remittances to sub-Saharan Africa this year.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- regulations, remittances
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Indonesia, The Calm Before the Storm: Helix Institute discusses the implications of new regulations on the country’s mobile money agent networks
In Indonesia, regulatory uncertainly has kept big digital financial services players from investing to scale aggressively. But with new regulations, that may soon change. The Helix Institute examines the implications for Indonesian mobile money agent networks in the latest report from its Agent Network Accelerator Survey.
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Kenya: Relaxed Rules Have Helped in Mobile Agent Recruitment – Airtel
Lifting of restrictions on mobile money agents has helped Airtel Kenya recruit more merchants as it bids to take convenience closer to customers, according to chief executive Adil Youssefi.
- Categories
- Technology
- Region
- Sub-Saharan Africa