Discover and read the best of Twitter Threads about #financialinclusion

Most recents (6)

The theory of #cryptocurrency, say @libra_ says that because there's #blockchain and no one needs to go through a bank to hold #crypto, there shall be #FinancialInclusion but in reality, inequality in #bitcoin is as bad as in fiat, if not worse...

ccn.com/bitcoin-is-pla…
@Libra_ There are three primary sources of economic inequality in #bitcoin

1. #Bitcoin is obtained via substantial fiat investment in compute
2. #Bitcoin CX is not grandma friendly
3. Value of #bitcoin is determined by fiat exchanges rather than by underlying decentralised commerce
@Libra_ Then there are some secondary sources

1. #bitcoin can't address causes of poverty and financial exclusion that (a) Amartya Sen and Jean Dreze (b) Abhijit Bannerjee et al. have addressed in their Nobel winning research.
2. #Bitcoin does not change social or political incentives
Read 14 tweets
@CentralBankJA is starting their “Conversation On Improving Access To Finance For MSMEs”

#Jamaica #financialinclusion
This is the handout for attendees and it has some sobering statistics about #Jamaica but it also shows the opportunity for the unbanked and underbanked
Reliance on cash remains high

- 65% of wage earners receive their wages in cash

- 23% of account holders do not make any deposits of withdrawals into their accounts
Read 46 tweets
#Livestream #bankenlive zu #Libra läuft. Bankenverbands-Chef Christian Ossig. begrüsst unsere Gäste @Techquartier. @osanten hat Moderationsposition schon eingenommen.
Wer unser Diskussionspapier zu #Libra nachlesen will, findet es hier: bankenverband.de/fachthemen/dig…
Stellen Sie Fragen, Moderator @osanten erinnert daran, auch gerne hier an uns via @bankenverband unter #bankenlive.
Read 22 tweets
Just landed in #Thailand & looking forward to speaking at the @AfiForum. At the event? Come say hello. #AFIF2019.
500+ of the world’s leading #investors & #FI will explore investment opportunities to foster inclusive financial markets across #AsiaPacific
afiforum.com
#Davos #WEF19 or here at the Asia Financial Institutions Forum @AfiForum #AFIForum 2019 in #Bangkok: something to ponder this #MLKDay weekend & beyond. #microfinance #accessstocapital #fintech #finance #inequality
Read 20 tweets
Talking abt my constituency -

1. Doubling & electrification passed in the budget 2009-10, work started in 2015, electrification completed, Doubling in process, New Railway line proposed.

2. NH repaired

3. KV was pending from 2004, passed in 2018

#5yearchallenge
4. This project has changed the lives of women..

#5yearchallenge

@MODIfiedVikas @TajinderBagga
#5yearchallenge

Long queue to home delivery.. Country is same , distributor is same, black marketing & illegal connection removed
Read 19 tweets
#Muslims r one of the most financially excluded citizens in #Ethiopia & their primarily reason is #Riba. But I wonder how & where the data for such reports are collected? "Financial inclusion in Ethiopia: 10 takeaways from the latest Findex" tinyurl.com/ydhmd738 via @WorldBank
Citizens who identify themselves as #Muslims account for 34% of the #Ethiopia'n population (CSA, 2007). This large segment of the society was demanding Shari'ah Compliant #finance for long time. Banks first responded by introducing 0% interest A/C #financialinclusion @WorldBank
Banks attracted millions of customers and mobilized billions of Birr in deposits. Sadly, customers were unaware that these deposits are not #ShariahCompliant and they were subjected to successive devaluations which has impacted them a lot. #financialinclusion #Ethiopia @WorldBank
Read 11 tweets

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