Indicus Centre for Financial Inclusion

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Financial Inclusion- News and Views - July 2013

 

July 2013

 

This month we focus on the importance of multiple stakeholders working together to achieve meaningful financial inclusion; policy makers, banks, telcos, third party aggregators, agent network managers, all have significant roles to play in this mission. The lead stories include a) RBI Deputy Governor Dr. K. C. Chakrabarty’s speech on the challenges ahead in India, stressing the importance of a collaborative approach from all stakeholders, b) CGAP’s Xavier Faz’s blog explaining how countries are moving away from the bank-led model to allow growth of e-money by non-banks and c) a CGAP report that notes that interoperability amongst multi-party systems that is so crucial for expanding accessibility rarely happens on its own - key enabling interventions by regulators and government are critical for its success.

 
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Lead Stories

 

Revving up the Growth Engine through Financial Inclusion

Dr. K.C. Chakrabarty’s address highlights the second wave of initiatives needed for rapid progress of financial inclusion, provides insights on critical challenges in India and stresses the need for the collective will of all stakeholders to overcome these challenges together.

A new wave of E-Money in Latin America

Xavier Faz, Regional Manager for Latin America, CGAP, focuses on the changing environment in Latin America where the bank-led model is paramount, yet non-banks are increasingly being allowed to issue e-money. The article notes that amongst the non-banks, third party aggregators and agent network managers have taken the lead in these markets.

A History Lesson for Advancing Interoperability in Mobile Money

The CGAP blog summarizes a paper by Carol Coye Benson and Scott Loftesness that uses historical experiences to bring out relevant insights for branchless banking in emerging economies. The paper notes that interoperability amongst multi-party systems does not happen on its own and the regulator and government play critical roles in enabling it.

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

Challenges and Concerns of the Central Bank: Opportunities and Role for the Commercial Banks

Shri. Harun R Khan, Deputy Governor, RBI, June 10, 2013

Financial Inclusion Villages

Department of Financial Services, Ministry of Finance, New Delhi

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

India

On D-Day, microfinance firms, NBFCs jostle for bank licences

Let’s bank on this duo

India needs innovative banking to displace moneylenders

Waiting for the banker

Aadhaar set to 'change the game' in financial inclusion

Don’t miss out on this target

Aadhaar opens up new revenue streams for domestic IT firms

Swimming towards financial inclusion

Reliance Mutual Fund opens door to small investors without PAN

Department of Posts to move cabinet note to apply for bank licence

Financial inclusion has many rocky miles to go

International

Financial Inclusion

Strengthening financial integrity through financial inclusion

Can Islamic Banking Offer Some Lessons to Islamic Microfinance?

Why is the Progress of Mobile Money so Gradual and Patchy?

CBN to incorporate lessons learned into various regulation frameworks

Importance of Maya Declaration on display at G20 Conference in Russia

Comparing Branchless Banking in Bangladesh and Pakistan

Rethinking Microfinance, This Time with Rules

Expansion of mobile banking service - Bangladesh

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

Where Do Impact Investing and Microfinance Meet?

Mayada El-Zoghbi and Henry Gonzalez, CGAP Brief Note, June 2013

CRISIL Inclusix: An index to measure India’s progress on Financial Inclusion

CRISIL, June 19, 2013

Process Mapping and Risk Analysis

MicroSave, June 17, 2013

 

Research

Mobile Money Services: Enabling Inclusion

Policy Brief May, 2013

Evolving Regulatory Trends with Non-bank Entities

Policy Brief April, 2013

In the media

Banks need to follow a 'listen to the customer' model

The Financial Express, June 4, 2013

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

The Financial Express, March 7, 2013

Blog

Mapping financially included pockets in India

Agents are Key to Financial Inclusion

Account in the Cloud: Guest Post by Probir Roy

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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.

 
 

Editor: Sumita Kale can be contacted at icfi@indicus.net

The Indicus Centre for Financial Inclusion was launched in 2011 to distil 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. 30th June 2013.