We all know insurance helps us in various ways, it acts like a backbone for a family facing financial problems. Insurance types include life insurance, health insurance, etc. Insurance can cover you when you lose your job or when you meet with an unexpected accident. BRAC is a well-established micro-financial Institution that set up its … Read more

Financial technology has witnessed accelerated innovations in reach and mechanisms for the past decade. Tech-driven start-ups are emerging and persisting in maturing for innovation and building collaborations for investment opportunities. However, the most significant obstacle financial technology faces are the collaboration between traditional offline banks, which control most financial resources and infrastructure. As the financial … Read more

Financial Inclusion means boosting the financial status of the economy by providing basic financial services to various sectors of the population despite their economic status, reachability, and income Groups. Financial Inclusion helps the economy to grow by providing small loans to farmers and small-scale businesses. It helped a lot of women to come out of … Read more

While India as a country is going through the phase of “Emerging India” there are still a lot of areas where technology has not been fully used to serve any basic needs. Especially in the case of the underlooked and underdeveloped regions where people do not even get their basic financial requirements. This is where … Read more

Now you can do everything online, from transferring money to ordering groceries. Also, it is a proven fact that mobile money transfer has made our lives easy. Now you do not need to run to the bank in order to transfer money, make transactions, or deposit money into your bank account. You can do it … Read more

Financial Inclusion means the inclusive approach to include every section of the population despite any economic status, background check, or literacy rate. There are more than 1.5 billion people all around the world who are still unbanked and lack essential financial services. This is primarily due to lower literacy rates, reachability, and economic status. To … Read more

One natural calamity can set back a nation for years. Especially in developing economies and emerging markets, where infrastructure is poor, and people don’t have a stable income or higher standard of living, not to mention rampant corruption can divert funds into the pockets of influential politicians and nefarious organizations, leaving out the people for … Read more

Microfinancing was initially started with the intention to help lower-income individuals. The aim was not only to help them by providing financial capital but also to educate them about how to handle credit. The model was that they would give away affordable loans for the poor population, emerging businesses, and women entrepreneurs. With time, the … Read more

Recent success in the Microfinance industry has influenced a new banking strategy termed Base of the Pyramid. The International Finance Corporation (IFC) has $600 million in funding for a facility called Base of the Pyramid facility. This facility is the provision for affordable financial services from small providers to start-ups, small businesses, private investment loans, … Read more

A stable financial status is equally crucial for people living in rural areas as it is for people living in urban areas. It helps both groups to advance in life towards their long-term or short-term goals while accounting for any unexpected crises like natural disasters, medical emergencies, or death. In fact, financial stability is the … Read more