Showing posts with label financial inclusion. Show all posts
Showing posts with label financial inclusion. Show all posts

Thursday, 30 December 2010

Financial inclusion: A better tomorrow for all Indonesians

Imagine an Indonesia where the poor no longer struggle to set money aside and can accumulate savings as a cushion against unforeseen emergencies, and not run the risk of losing money through theft.
Imagine an Indonesia where people no longer having to resort to loan sharks to borrow money at exaggerated interest rates.
Imagine more than 4 million overseas migrant workers no longer repatriating their earning in cash when returning home but sending their earnings home electronically, without requiring their families to travel to a bank. Imagine millions of Indonesian children receiving education because their parents have access to the right kind of savings products; and imagine Indonesians who have never had a bank account climbing out of poverty and improving their livelihoods using a broad range of financial services.

Saturday, 23 October 2010

INDIA: Mobile financial services for poor

As mobile penetration increases in India, it’s inevitable that it spreads economic wellbeing. Now that money transfers, payments and banking can take place over the device, financial services are available to anyone with a mobile. Telecom operators, the Reserve Bank of India (RBI), Mobile Payment Forum of India and the Unique Identification Authority of India have taken several initiatives to expand financial inclusion. Read more