Vortex Engineering and Wizzit Bank announce new banking services for the rural poor

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.

Further information


Categorisations

Partnership types

Doing business with the poor; Provision of goods

Regions / countries / territories

Africa: South Africa
Asia: India

Global issues

Financial accessibility and management

Business sectors

Finance