India SMARTcards - World Bank

The idea is simple, the technology a little more complex, but it makes a huge difference in the financial life of the poor porters and laborers in Old Delhi.
A new program offers so-called "smart cards" to people who have very little access to regular banks.

It is helping keep money in savings accounts.....and out of the hands of liquor-sellers and thieves.

Category:

Nonprofits & Activism

Tags:

• world
• bank
• india
• smart
• cards
• finance
• banking

[AweSomo84]

@AweSomo84 / world

[AweSomo84]

@canada1857 thank you i just hope people see the truth and feel it. The word is full of bad stuff .

One love my friend ,

Erikm

[canada1857]

@AweSomo84 Man I like your comment..

[AweSomo84]

@sadhaklal corruption on every level m8 , but its true better go with small banks .

Love and peace

[sadhaklal]

@AweSomo84 Indian banks are not corrupt. Most poor people bank with the small nationalised banks. Only the rich bank with Goldman Sachs or Citi who are corrupt...

[doubleestark]

$50 dollars a day saved is more reasonable.

[doubleestark]

@manishsomu87

What Ivory tower are you thinking about? I only save $800 biweekly and set that money aside. I think what I am doing is slightly below average for a Canadian adult in their mid thirties. I save a little over $20,000 a year.

[manishsomu87]

@doubleestark seems like those 300 have gone into your head...

[doubleestark]

@manishsomu87

I just bought 1050 units of HGD on Horizon Beta Pro for $10.99 and sold it for $11.30 for a quick $300 dollar gain in a matter of 45 minutes. How many Rs is that? Maybe 12,000 Rs in only 45 minutes betting gold will go down.

[manishsomu87]

@doubleestark dude these ppl dont eat at McDs and KFCs... $4 is Rs. 160 -180.. while they can get a day's meal at arnd Rs. 30.. so there are defntly saving. plus these ppl r nt looking for a 'return on investment'. they want store money safely and withdraw it when they go back to their natives... this is a good example of technology for the 'bottom of the pyramid'. come down from ur ivory tower..