Vortex Engineering and Wizzit Bank announce new banking services for the rural poor
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Two companies have announced that they will be providing banking services to more than 30 million low-income people in India and South Africa by 2015 through their commitments to the Business Call to Action (BCtA), a global initiative that encourages private sector efforts to fight poverty.
India-based Vortex Engineering is pioneering the dissemination of solar-powered cash machines tailored to rural communities’ needs, while South Africa’s WIZZIT Bank is expanding access to credit to help address a critical development issue: lack of access to finance and banking systems in poor communities.
Source:
http://businessinnovationfacility.org/profiles/blogs/news-30-m-rural-poor-in-india-and-south-africa-to-benefit-fromFurther information
Categorisations
Partnership types
Doing business with the poor; Provision of services / personnelRegions / countries / territories
Africa: South AfricaAsia: India