News Archive - Page 66 of 366 - Re-emerging World

Recent Developments, <br /> Key Innovations, and <br /> Insightful Reports

Recent Developments,
Key Innovations, and
Insightful Reports

Your One Stop Platform for Regular Sector Updates

Sector news

Big banks of the world see business potential in the world’s poorest

New and innovative methods of reaching the world’s poor with financial services have sparked the interest of big banks which are looking for alternate ways to rake in revenues. Read about base of the pyramid initiatives in the developing world, including those by Citigroup, MasterCard, here.

December 26, 2013

India: In a first, MFI customers to be given credit score

Equifax Credit Information Services, a credit information company, in a first of its kind move is about to launch a service called Equifax MFI Risk Score. This will offer credit scores for microfinance customers. The company currently has 120 member MFIs. On an average, each has 1 million customers. Read […]

December 26, 2013

Nigeria: Accion disburses US$137 million in loans

According Accion Microfinance Bank Limited (AMFB), since 2007, the bank has disbursed a total of US$137 million or NGN21.7 billion. The bank has received awards for its services and held its own during challenging economic and political times. Read more here.

December 26, 2013

CEO of Roshan on the promise and perils of mobile money in Afghanistan

Karim Khoja, CEO of Afghanistan’s biggest telcom Roshan describes his journey as a provider of mobile money in a troubled country where citizens are illiterate and have always had their money skimmed by middle men. Read more here.

December 26, 2013

Microfinance provider Kiva gets US$3 million grant, aims to tackle microfinance 2.0

Kiva recently received the Google Global Impact Award of US$ 3 million. This money will be used to test out Kiva’s future microlending strategies, which, in the words of Premal Shah, Kiva President and co-founder, is an attempt to “find the sweet spot where flexible cash is both high impact […]

December 26, 2013

Banking goes ‘branchless’ to reach unbanked: Initiatives in the Pacific

This post details the proceedings and conclusions of the first-ever Pacific Branchless Banking Seminar, held in Sydney recently. Sponsored by the Asian Development Bank and the CGAP (Consultative Group to Assist the Poor), it had representation from countries like Timor Leste, Tonga, the Philippines, Fiji and others. Read more about […]

December 26, 2013

Mobile money and virtual currencies for cross border remittances: opportunity or risk?

This post looks at the integration between BitCoin type decentralized digital currency and mobile wallets in Kenya. This approach could be lower in cost for the users, but also poses certain risks that should be addressed in the future. Read more here.

December 26, 2013

Cambodia: Obstacles hinder microinsurance adoption

According to a new study by the UNDP in Cambodia, 78% of the interviewed 302 Cambodians expressed interest in microinsurance, but have not availed of the services because of low knowledge and funding for it. Read more here.

December 26, 2013

New Karl Mehta book will highlight the potential of financial inclusion

Karl Mehta, best known as co-founder of PlaySpan and partner at Menlo Ventures, has announced the launch of a new book with his fellow entrepreneur Carol Realini, called “Financial Inclusion at the Bottom of the Pyramid”. According to him in the next 5 years, financial services will reach another 1-2 […]