13 October 2015

Latest articles for World Bank


World Bank reports big drop in numbers of unbanked

16 April 2015  |  7915 views  |  10 News

A new report from the World Bank has recorded a massive 20% drop in the numbers of unbanked consumers, as 700 million adults worldwide joined the formal banking system and became account holders between 2011 and 2014.


Remittance costs in the spotlight as values grow

09 October 2014  |  5562 views  |  3 News

A World Bank report puts the global amount of remittances in 2014 at $582 billion and estimates that migrants paid an average of 7.9% in fees on these money transfers.


IFC invests $7 million in SafetyPay

15 July 2013  |  3178 views  |  0 News

World Bank development investment offshoot IFC has invested $7 million in SafetyPay, a US-based company that enables consumers to pay for goods and services over the Web direct from their own bank account.


World Bank calls for payments deregulation to boost remittance flows

23 November 2012  |  8139 views  |  2 News

Remittance flows to the developing world are expected to total $406 billion this year, says the World Bank, but the promise of mobile remittances has yet to be fulfilled.


Mobile phone access reaches three-quarters of planet's population

19 July 2012  |  9002 views  |  0 News

Around three-quarters of the world's population now have access to a mobile phone, sparking the creation of an emerging 'app economy', according to a new report by the World Bank.


IFC invests in Russian data centre operator IXcellerate

30 May 2012  |  1547 views  |  0 Company announcement

IFC, a member of the World Bank Group, is making a $2.6 million (RUB 83 million) equity investment in datacenter operator IXcellerate to support the construction of a major data facility, expanding access to information technology infrastructure for businesses in Russia.


75% of world's poor unbanked but mobile phones revolutionising access

20 April 2012  |  9376 views  |  1 News

Around three quarters of the world's poor, living on less than $2 a day, do not have a bank account but mobile phones are helping to change this, according to a report from the World Bank.


IMF breached by cyber attackers

13 June 2011  |  5090 views  |  0 News

The World Bank has severed electronic links with the International Monetary Fund after warnings that IMF computer systems had been infiltrated by an unknown foreign power.


Three billion dollar virtual economy to fuel developing countries - World Bank

08 April 2011  |  9110 views  |  0 News

Virtual online currencies and digital work are helping to fuel growth and provide real income opportunities to poor and unskilled workers in developing countries, according to a World Bank study.


World Bank taps former Safaricom boss for mobile money expansion

23 February 2011  |  8298 views  |  1 News

The World Bank is tapping the expertise of former Safaricom boss Michael Joseph to advise on the expansion of mobile money programmes in member states.

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