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Asian Banks Look to Smart Cards for Microfinance Boost
sting_crawler
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1-8-2008 10:38 PM
332 views
tags:
business
,
technology
,
micro-credit
,
microfinance
,
grameen
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/efa37d23-1bb8-4ef6-a1ee-0e227a3a5cf6/374EA26E-A2D3-47E6-B5E3-44ED5C19FC3B/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/globalbiz/content/jan2008/gb2008018_297753.htm?campaign_id=rss_as" href="http://www.businessweek.com/globalbiz/content/jan2008/gb2008018_297753.htm?campaign_id=rss_as" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/globalbiz/content/jan2008/gb2008018_297753.htm?campaign_id=rss_as"><H1>Asian Banks Look to Smart Cards for Microfinance Boost</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/globalbiz/content/jan2008/gb2008018_297753.htm?campaign_id=rss_as"><H2> The success of players such as Grameen Bank has spurred others in the region to expand their microfinance operations </H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/globalbiz/content/jan2008/gb2008018_297753.htm?campaign_id=rss_as"><P> The study revealed that the successes of banks such as <A target="_blank" href="http://www.grameen-info.org/">Grameen Bank</A> in providing sustainable microfinancing schemes, have spurred others in the region to grow their microfinance operations. The report cited Indonesia's <A target="_blank" href="http://www.danamon.co.id/">PT Bank Danamon</A> and India's <A target="_blank" href="http://www.icicibank.com/home.htm">ICICI Bank</A>, as two examples that rely on biometric and smart card technologies to alleviate the high costs of administering microfinance and to expand such operations. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/globalbiz/content/jan2008/gb2008018_297753.htm?campaign_id=rss_as"><P> However, Kumar noted, while the use of technologies such as biometrics and smart cards would increase efficiency in established and mature microfinance industries, new or smaller operations were unlikely to yield similar benefits. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/374EA26E-A2D3-47E6-B5E3-44ED5C19FC3B/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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