Tag Archives | mobile banking
Finance, Information and Communications Technology

Blockchain pilots making waves in developing Asia

Blockchain pilots making waves in developing Asia
We’ve all heard the buzz about the potential applications of blockchain technology. But what’s actually happening in developing countries in Asia and the Pacific? Beyond bitcoin payments and remittances, blockchain exists largely in the pilot stage. Governments and banks are collaborating with technology firms to see if it can be used to solve persistent problems like traceability, identification, and trust. Read more.

Finance

3 ways to serve Asia and the Pacific’s ‘unbanked’

Analyzing microfinance loans is one way to collect “alternative data” on consumer debt levels and ability to repay. An ADB-supported microfinance institution in Uzbekistan. Photo by Eric Sales
Every time I stop and withdraw cash from an ATM or use my credit card to buy something online, I wonder how many people in Asia have access to such services. In fact, these simple transactions are beyond the reach of 45% of adults in East Asia and the Pacific alone. They are excluded from the formal financial system and will remain so until they open a bank account. Read more.