Apr 21 2018
By making wage payments electronically, businesses in Latin America and the Caribbean could expand account ownership to as many as 30 million unbanked people.
India has significantly reduced the gender gap in providing access to financial services with 77% women against 83% men having bank accounts, the World Bank said in its Global Findex database 2017 released on Thursday. This despite the government's successful Jan Dhan Yojana, which is a national mission to ensure financial access in an affordable manner for the poorer sections of the society.
Globally, 69 percent of adults have a bank account. It may be noted that China has an unbanked population of 225 million adults, followed by India which is just 35 million short with 190 million. On the flip side, only 7% of the account holders used them for savings and 48% of the accounts remained inactive, the highest in the world.
Part of the explanation might be Indias Jan-Dhan Yojana scheme, developed by the government to increase account ownership, brought an additional 310 million Indians into the formal banking system by March 2018, many of whom might not yet have had an opportunity to use their new account, it said.
While the report acknowledges the role of Jan Dhan Yojana in increasing the number of people with a bank account, the interesting part is, nearly half the accounts remained inactive in the past year. Although more people have access to banking in India now, cash is still the dominant mode of payment. This is important because financial inclusion is crucial in helping people save money for an emergency, get loans to start businesses, and escape poverty.
Embiid not fully cleared but may still play
The pressure appeared to get to the Sixers as they shot 41.7 per cent, down from their 47 per cent during the regular season. What is interesting is that in Game 1, the Sixers had just four fast-break points, compared to 14 for the Heat .
Corbyn Questions Legal Basis for British Strikes in Syria
She added: "We agreed that it was both right and legal to take military action together with our closest allies". Clearly not when we are under attack or the Prime Minister has been kidnapped, or anything like that".
IPL: AB de Villiers smashes 57 to help RCB beat Kings
Kohli's wicket brought AB De Villiers at the crease and the two South Africans started the rebuilding job for the home side. RCB bowlers bowled with a game plan and apart from Yadav (3/23), all other bowlers chipped in and restricted Punjab to 155.
Two global studies - a study of 150,000 consumers polled by Gallup for the World Bank for its Global Findex Database, and a survey of 5,200 consumers by the tech giant Oracle - found complementary trends in the use and adoption of digital banking.
In India three years ago, men were 20 percentage points more likely than women to have an account.
In India, for example, 42 per cent of male account owners use digital payments, while just 29 per cent of female account owners do, it said. This comes as a blow to the government, which has been taking many steps to increase financial inclusion, lower cash dependence and increase digital transactions. Digital public pension payments could reduce the number of unbanked adults in Europe and Central Asia by up to 20 million.
Progress was driven by India, where a government policy to increase financial inclusion through biometric identification pushed the share with an account up to 80 per cent, with big gains among women and poorer adults.
With approximately 60 million unbanked adults in Indonesia using mobile phones today, there is a massive opportunity for a greater penetration of mobile payments and transactions in Indonesia.
Apr 21 2018
Wenger's legacy at Arsenal 'untouchable' - Henry
Sir Alex Ferguson called the Frenchman "without doubt one of the greatest Premier League managers". Arsenal fans have responded to the 29-year-old former Southampton star's tweet .
Apr 21 2018
Natalie Portman snubs 'Jewish Nobel' in apparent protest against Israel
Born in Jerusalem to a doctor father and an artist mother, 36-year-old Portman proudly brandishes her Israeli background. Peace activists, including the United States-based Jewish Voices for Peace thanked the actress for taking a stance.
Apr 20 2018
Khloe Kardashian sends love to Kourtney on her 39th birthday
Over on her Instagram page Kourtney took time out of her birthday celebrations to promote the collaboration. Both are also wearing one of the lip products from their collection.
Apr 19 2018
Trump Attorney Michael Cohen's Secret 3rd Client
Now, to call Fox "infotainment" is not new, nor do I think it's particularly pejorative. Trump denies any sexual relationship with Daniels.
Apr 19 2018
Tom Brady has yet to commit to playing '18 season for Pats
Bayless said he's convinced that Brady wants to play three or four more years with the Patriots , but not under Belichick . Another star Patriots player, tight end Rob Gronkowski , also hasn't indicated positively whether he'll return.
Apr 19 2018
Neymar says he is confident he will play at the World Cup
I had an examination last week, it is all ideal , evolving well, so I hope that continues so I can get back as soon as possible. Unai Emery's side were crowned Champions of France at the weekend after defeating Monaco 7-1 at Parc des Princes.
Apr 18 2018
FIFA Charges World Cup Host Russia for Fan Racism
The charge will be a concern to organisers of the World Cup, with the start of the competition in less than two months' time. StubHub said it fully complies with applicable laws and does not allow the resale of World Cup tickets.
Apr 18 2018
Mourinho wants strong Manchester United finish to secure second place
Jose Mourinho has ruled out bringing in another striker this summer, with Manchester United already well-stocked up front. It has emerged though that Lukaku will likely play on Sunday against West Brom in the league.
Apr 17 2018
Don't delay: Tuesday is Tax Day
These basic tips are created to help people avoid common errors that could delay refunds or cause future tax problems. Do you have an IRS tax bill? If you try to file, and are missing a document, you can file for a six-month extension.
Apr 16 2018
Athletic therapist dies after Humboldt bus crash, raising death toll to 16
She graduated in 2016 with a bachelor of Kinesiology at the University of Regina , according to the school . However, the family is asking for privacy from media and will not be responding to interview requests.
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Apr 19 2018Cuban state media say new president to be elected Wednesday
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