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Eight Tech and Policy Trends That Will Impact Financial Inclusion This Year
The use of digital financial services will continue to be one of the main drivers for financial inclusion in 2015, says John Owens of the Alliance for Financial Inclusion (AFI). He discusses eight interesting trends AFI has noted - both on the technology and policy sides - that should have a direct impact on advancing financial inclusion through digital means this year.
- Categories
- Technology
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Opinion: Does the GSMA Code of Conduct for Mobile Money Providers Go Far Enough to Protect Consumers?
The recently launched GSM Association Code of Conduct for Mobile Money Providers is a welcome initiative. There is increasing recognition of the economic benefits that digital financial services can bring, along with an understanding that achieving ambitious financial inclusion targets may well depend on their rapid rollout. Such targets are being proposed by the World Bank, under the Maya Declaration and in other forums.
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- Uncategorized
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Roundup 1/17/15 – Superman, Robin Hood and Stock Trading: Should the U.S. impose a financial transaction tax?
In the film Superman III, a computer programmer embezzles huge sums from his employer’s payroll by diverting small amounts from each check into his account. Unbeknownst to many, high frequency stock traders in the U.S. and other countries use a similar technique - legally. But if Congress passes a recent proposal for a financial transaction tax, the practice would end. We discuss the implications in this Roundup.
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- Impact Assessment
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Uber Terms Reserve Bank of India Rules ‘unfriendly’, but Says Will Comply
Taxi hailing service Uber sharply criticized Indian rules that require two-step authentication of credit card transactions and sought 45 more days to comply with the central bank's directive on the issue.
- Categories
- Transportation
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Finance Minister Will Have A Golden Moment To End Financial Repression
As I sit down to write this, a letter comes to my desk. Handwritten by a 90-year-old man, the letter seeks help from Mint’s insurance expert in resolving a fraud carried out by an insurance company agent who sold a policy for his grand-daughter, changing her status from a US citizen to a non-resident Indian and promising returns in dollars.
- Region
- South Asia
- Tags
- public policy, regulations
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S.E.C.’s Delay on Crowdfunding May Just Save It
While the Securities and Exchange Commission dawdles, states are rushing to adopt their own crowdfunding rules. Ironically, it may just be the thing that rescues crowdfunding from a regulatory death grip.
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- Uncategorized
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RuPay cards to replace Aadhaar in welfare scheme authentication in India
The finance ministry has decided to limit Aadhaar's role in its welfare scheme payments and, instead, use ATM-enables RuPay cards for last-mile authentication to withdraw money.
- Categories
- Uncategorized
- Region
- South Asia