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Financial inclusion has a big transparency problem
The majority of financial institutions say they’re keen on financial inclusion, but lack of transparency is preventing the unbanked from being included. Read more…
financial inclusion
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PhilSA bets on satellite tech to expand financial inclusion
PhilSA is deploying satellite internet services for two rural banks in Batangas in a plan to spread financial inclusion to rural areas in the Philippines. Read more…
News
TRAI proposes to drop fees for USSD-based mobile banking services
TRAI has proposed to remove tariffs for USSD-based banking and payment services to boost financial inclusion in India’s rural areas. Read more…
News
Financial IDs for unbanked could boost APAC GDP by $75 billion
Establishing financial identities for the unbanked across the Asia Pacific would add an extra $75 billion to annual GDP for the region, says a new report. Read more…
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Defining financial inclusion and its true value to society
At least 1.5 billion adults worldwide do not have access to financial services and, as a result, are not benefiting from financial inclusion. Read more…
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How data science can help cellcos combat prepaid user churn
Data science can help cellcos leverage data to not only turn prepaid users into long-term customers, but also enable financial inclusion. Across Asia and around the world, mobile network operators (MNOs) face a continuous uphill Read more…
Off the Wire
Accenture, Grameen develop AI/AR financial inclusion apps for women
Accenture and Grameen Foundation India announced they have collaborated to develop two new applications that they say help overcome the barriers to financial services adoption among women and other low-income populations in India. Leveraging artificial intelligence (AI) Read more…
Off the Wire
Telenor partners with Ant to expand financial services in Pakistan
Telenor Group announced it has reached a strategic partnership agreement with Ant Financial Services Group in Pakistan, under which Ant Financial will invest $184.5 million for a 45% stake in Telenor Microfinance Bank (TMB) to Read more…
Off the Wire
Commonwealth Bank, Mastercard to improve financial inclusion for women
Indonesia’s Commonwealth Bank and Mastercard have announced a collaboration to improve financial inclusion for Indonesian women. This collaboration under the WISE (Women Investment Series) program features three key pillars: (1) enhancing formal networks by creating Read more…