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Member News: ICICI Bank announces launch of a mobile banking application for rural customers

ICICI Bank Ltd., India’s largest private sector bank by consolidated assets, announced the launch of a unique mobile banking app for rural customers that allow them to access banking services as well as information on agri services. Anyone including non-ICICI Bank customers can also download and use the app which is available in eleven Indian languages, the statement released by the bank said.

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Member News: Lending platform Bitbond and payments outfit BitPesa partner to boost financing for African SMEs
Global SME lending platform Bitbond and African payment services provider BitPesa announced today that they are joining forces to improve access to financing for SMEs in Africa. Bitbond, which is based in Berlin, Germany, connects fixed-income investors with small business owners who need loans. To make global cross-border lending possible, the...
How we all benefit when women have access to finance
The International Finance Corporation estimates that approximately 65% of women-led small and medium enterprises (SMEs) in developing economies are either unserved or underserved financially. For a women entrepreneur, this means the odds are already stacked against the growth potential of her business. Giving women access to credit and other...
For SMEs, FinTech Is Valuable And Perhaps Mysterious
FinTech may be an evolving sector within payments, at times with so much fluidity that would-be customers may not know just what they can glean from those new companies, especially when it comes to banking and moving money across borders. In one series of statistics that speaks to at least some lack of visibility of FinTech among small to medium-...
Efma together with SAP name SME AppsBank Award winners
Awards recognise the best mobile banking apps for SME businesses Innovative business app store supports banks in developing brand-new apps to improve their financial services to professionals and small businesses, and compete with each other for the best applications worldwide. Efma and SAP named the winners of their first-ever joint SME AppsBank...
Open APIs to shake up small business banking market
The global fintech industry, with an estimated 12,000 fintechs and counting, has changed the way small businesses can manage their money in all kinds of ways. A small business in Huddersfield or Cardiff can manage online payments with Stripe, take card payments with iZettle, borrow peer-to-peer via Funding Circle, raise equity via Crowdcube,...
Member News: ICICI Bank announces launch of a mobile banking application for rural customers
ICICI Bank Ltd., India’s largest private sector bank by consolidated assets, announced the launch of a unique mobile banking app for rural customers that allow them to access banking services as well as information on agri services. Anyone including non-ICICI Bank customers can also download and use the app which is available in eleven Indian...
Crowdfunding, the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa. The report identified the greatest obstacle...
IFC provides $40 million to Banco CMF to promote access to finance for SMEs in Argentina
IFC, a member of the World Bank Group, will provide $40 million to Banco CMF to expand the bank’s lending to small and medium enterprises (SMEs) in Argentina. Banco CMF provides personalized services to its SME clients, thus allowing it to address their specific lending needs. Financing SMEs in emerging markets is key because they are an essential...
DNB says its future is to become a "technology company with a banking licence"
Having cut half of its branch network in 2016 to focus on digital development, Norway's DNB is rolling out a range of incubation and startup initiatives to accelerate its vision of becoming "a technology company with a banking licence". In the first half of the year, DNB reduced the number of branch offices in Norway from 116 to 57 to reflect...
Member News: CBA, Kenya’s most innovative bank Launches Mobile-First Digital Banking Service incorporating Strands PFM
Commercial Bank of Africa Limited (“CBA”), Kenya’s largest privately owned Bank, has recently launched the region’s first Digital Banking Service, CBA Loop, which incorporates Personal Financial Management (PFM) solution, in collaboration with Strands. CBA, has presence across several countries in Eastern Africa including Tanzania, Uganda and...