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Brussels-based World Savings and Retail Banking Institute (WSBI) and Cignifi are developing and market testing a new mobile savings product, targeted at underserved and dormant savers, in Ghana.
The product will be tested in partnership with Airtel Ghana, the third largest mobile telecommunications company, and WSBI member HFC Bank Ghana.
WSBI insists that global access to financial services, for rich and poor alike, "is a pre-requisite for employment, economic growth, poverty reduction and social cohesion".
On this last point, WSBI President Dr Holger Berndt said it was important to promote development of regional and local banks over big international and global ones because the former better serve the local community.
* The WSBI Access to Finance International Conference: to be held on October 28 and 29 in Brussels (Marriott Hotel); organised by the World Savings Bank Institute (WSBI), in association with the World Bank.
The World Bank and the WSBI view remittances as a valuable development tool.
The WSBI says that the Commission should not regulate too deeply, and supports the idea that regional power in the EU should be widened at the expensive of the central executive.
The European Savings Banks Group (ESBG) and its sister organisation, the World Savings Banks Institute (WSBI), have won a contract to provide seminars for their member banks in the EU candidate countries.
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