In the African smartphone market, there has been a considerable increase in sales as it has crossed more than 47% of the entire market. According to Q1 Mobile Tracker 2015, within the two regions, the Middle East and Africa, there is considerable growth in smartphone sales as it has crossed the number of 36 million. … Read more
Financial Inclusion is one of the biggest factors for the world economy as more than 2.5 million people around the world are unbanked and devoided of basic financial services. Financial inclusion is necessary for all sectors including the public and private sectors. The reason for the financial exclusion happening is mostly because of poverty, reachability, … Read more
Remittances are the money or goods sent back home by migrant workers living in a foreign country. It is a fast-growing channel of payment that affects a country in various ways. Remittance flows are important to maintain economic stability and generate foreign exchange. However, the method of getting the money to family and friends is … Read more
From the time of massive globalization, especially after the 1990s, from 2004 to 2008, the microfinance industry had witnessed unprecedented growth since its founding in the 1980s by a Ph.D. scholar who opened a bank in Bangladesh, which doled out loans in small amounts and short interest. The microfinance industry has enabled over a billion … Read more
China has started to shift the paradigm within the microfinance fraternity. Hong Kong Shanghai Banking Corporation (HSBC) opened its new branch in rural China in a village called Hubei on the 13th of December. The microfinance industry has expanded so much that it has stirred up conversations among prominent names in the private equity industry. … Read more
Within third-world countries, healthcare services and their expenses have seriously gone out of hand, especially in the last decade or so. It was reported in the year of 2015 that these countries had spent more than $148 billion from their end to manage their healthcare services. Due to the high expenses most of these families … Read more
The Microfinance global market was valued to be at US $178.84 billion during the COVID-19 crisis during the year 2020. As of 2022, the current market value has increased to US $207 billion and is estimated to reach US $394.8 billion by the year 2028 with an expansion of 13.8% in CAGR. However, the Microfinance … Read more
On 1st February 2011, the Myanmar military swept away power from the democratically elected government, imposing military rule. The military did away with most democratic rights, including free speech and assembly. The army also misused its power and arrested all democratically elected representatives and other human rights violations, including violently suppressing protests and assemblies. However, … Read more
Artificial Intelligence (AI) has advanced to such a stage that it can now be used to write essays, make-up songs, and even converse with people. Many high-tech companies are using this feature to engage AI in customer service. Recently, Juntos, a fintech startup, has developed AI for customer engagement and product usage. This technology is … Read more
Even though there has been a lot of development in India, and people are changing their mentality, the issue of the gender gap and financial inclusion is still there. Women still face challenges while accessing jobs, savings, or credit. No matter how educated or talented a woman is, it can still be difficult for her … Read more
