The Obama administration announced a set of public-private programs Tuesday to expand financial services to the millions of low-income people in America and around the world who lack access to credit, savings accounts, and other fiscal essentials, reports The New York Times.
Corporate and philanthropic partners such as the Bill & Melinda Gates Foundation, JPMorgan Chase, PayPal, and Coca-Cola have signed on to help implement the 10 Treasury Department efforts aimed at reducing the ranks of the so-called unbanked, particularly through technological solutions. Among the projects, the Gates foundation and JPMorgan will establish a joint fund for investment in development, and PayPal and Village Capital are teamingup to support financial services for entrepreneurs in the United States and Mexico.
We're sorry. Something went wrong.
We are unable to fully display the content of this page.
The most likely cause of this is a content blocker on your computer or network.
Please allow access to our site, and then refresh this page. You may then be asked to log in, create an account if you don't already have one, or subscribe.
If you continue to experience issues, please contact us at 202-466-1032 or cophelp@philanthropy.com