Displaying items by tag: microfinance

The continued roll-out of mobile microfinance services will lead to a surge in financial inclusion in some of the world’s most deprived regions, according to a new report from global firm Juniper Research.

Microfinance providers, and mobile carriers, are driving a surge in financial inclusion for the unbanked populace in developing nations, through the provision of sophisticated mobile finance services.

The International Telecommunications Union (ITU) has established a focus group on digital financial services to promote financial inclusion using ICT. It says the initiative is in response to a proposal from the Bill and Melinda Gates Foundation, which is a member of ITU's standardisation body.