Indicus Centre for Financial Inclusion

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Financial Inclusion - News and Views - April 2013

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April 2013

The monthly newsletter from the Indicus Centre for Financial Inclusion documents the latest news and views in the financial inclusion space, to provide a knowledge base that will help build understanding around how to accelerate the poor’s access to high-quality financial services.

This month we lead with reports from the Mobile World Congress 2013 held in Barcelona. As access to the mobile network grows amongst the unbanked, mobile money is seen as a significant driver for economic and social change by enabling a digital pathway to financial inclusion. For central banks the crucial step lies in creating an open and level playing field that allows banks and non-bank payment providers to operate in the market with appropriate and effective regulation. The lead stories include a) a report by Simone de Castri that puts together the enabling regulatory solutions and b) a series of interviews with stakeholders from India on the regulatory and commercial aspects of mobile payments here.

Lead Stories

Mobile Money : Enabling regulatory solutions

MMU’s Regulatory Director Simone di Castri sets out a comprehensive report that draws on lessons from various country experiences and global institutions like BIS, FATF, CGAP etc. to understand how to create an enabling environment for digital financial inclusion.

Interviews on Mobile Payments in India

MicroSave and Mobile Money Gateway present a series of interviews bringing out the regulatory and commercial aspects of mobile payments in India. These include discussions with Graham A.N. Wright (MicroSave), Krishna Kumar (Vodafone), Mukesh Sadana (MicroSave), Piyush Gupta (EKO) etc.

Section I: Policy – the latest from India’s policymakers

Report of the Financial Sector Legislative Reforms Commission

Government of India, March 22, 2013

Financial Consumer Protection

Dr. K. C. Chakrabarty, Deputy Governor, RBI, March 22, 2013

Financial Literacy and Financial Inclusion - Indian Way

Dr. K. C. Chakrabarty, Deputy Governor, RBI, March 6, 2013

India-OECD-World Bank Regional Conference on Financial Education

Keynote address, Dr. D. Subbarao, Governor, RBI, March 4, 2013

Section II: News and Views Digest – the latest from India and abroad

India

Financial inclusion likely to be part of banking code: Chakrabarty

Electronic payments sector gains momentum as government promotes to enable financial inclusion

40% priority lending not achievable: HSBC India chief Stuart P Milne

After women's bank, Congress moots specialised financial institution on lines of Sidbi

Financial inclusion: New Post Bank of India is an excellent idea  AND  If India Post can run a bank, so can anyone with real estate

BSE Institute, TASIS to launch course in Islamic banking

Panel may seek 'limited role' bank licence for telecos to push inclusion

Gold: The best possible liquid investment and vehicle for financial inclusion in India, finds RBI

Will this bank run away? Women and mobile banking in Bihar, India

New private banks to boost financial inclusion: Central Bank

Financial inclusion an important criteria for new bank licences: RBI

Financial inclusion plan key for bank licences: D Subbarao

A quiet focus on financial sector

International

Alliance for Financial Inclusion Reaches 100 Member Institutions

One billion people banked through the post

Bring in the tech nerds to help expand financial inclusion

Youth Financial Inclusion in the Arab World

Members of the Alliance for Financial Inclusion Take Regional Approach to Mobile Financial Services During Meetings in Africa and Latin America

Section III: Research – surveys and studies on expanding access to financial services

Can UIDAI Be A Saviour Of Financial Inclusion?

Puneet Chopra and Amir Hamza, MicroSave India Focus Note 104, March 2013

Making the Business Correspondent (BC) Model work for Self-Help Groups (SHGs)

Anjaneyulu Ballem, Alphina Jos, Ghiyazuddin A. Mohammad and Ritika Srivastava, MicroSave, March 2013

Measuring Financial Inclusion: Explaining Variation Across and Within Countries

Asli Demirguc-Kunt and Leora Klapper, World Bank, Brookings, March 21, 2013

CGAP Branchless Banking Indicator Research 2013: Towards A Common Performance Measure In Branchless Banking

CGAP, March 2013

State of the Industry: Results from the 2012 Global Mobile Money Adoption Survey

Claire Pénicaud, GSMA MMU, February 27, 2013

Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets

GSMA mWomen, February 25, 2013

 

Research

Toward Digital Financial Inclusion - The Way Forward

Policy Brief February, 2013

Financial Inclusion in India and Business Correspondent Agents

Policy Brief December, 2012

 

In the Media

SV Divvaakar: Mobile phone-banking is failing to meet its potential

The Financial Express, March 7, 2013

 

Blog

DBT and Aadhaar – Issues with Seeding/Mapping: Guest Post by Y P Issar

Case Studies on Aadhaar enabled DBT

Women and financial inclusion

Editor: Sumita Kale can be contacted at icfi@indicus.net
The Indicus Centre for Financial Inclusion was launched in 2011 to distill and disseminate information on accelerating the poor’s access to high-quality financial services. The Centre is supported by the Bill & Melinda Gates Foundation. http://www.indicus.net/icfi

©Indicus Centre for Financial Inclusion. All rights reserved. 31st March 2013.