Restore the penny.

Calling pennies “wasteful” skips the real question:

Have we ever opened production to competitive bidding?

No. We treat inefficiency as fate instead of a solvable design flaw.

Eliminating the smallest monetary unit punishes cash users — often the people who live with the highest precision and the narrowest margins.

Don’t remove precision. Modernize production.

https://www.bbc.com/news/articles/c20556ly45eo.amp

#Economics #Dignity #FinancialAccess #Agency

US retailers are running out of pennies - BBC News

Find a penny, pick it up, then what? Now the US has stopped making pennies, a shortage has emerged and created confusion.

BBC News
South Korea has seen 25% of bank, insurance, and securities branches close since 2020, raising concerns over financial access, especially in low-income areas, despite regulatory efforts to slow the trend.
#YonhapInfomax #BranchClosures #FinancialAccess #KookminBank #SeoulMetropolitanArea #HeoYoung #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=86482
25% of Bank, Insurance, and Securities Branches Closed in Five Years—Serious Erosion of Financial Access

South Korea has seen 25% of bank, insurance, and securities branches close since 2020, raising concerns over financial access, especially in low-income areas, despite regulatory efforts to slow the trend.

Yonhap Infomax
BLS E-Services Honoured for Innovation in Financial Inclusion Solutions - Asian Talks

New Delhi, May 5, 2025 - BLS E-Services, a subsidiary of BLS International, has been awarded with Times Business Award-2025 recognized for its outstanding

Asian Talks
BLS E-Services Honoured for Innovation in Financial Inclusion Solutions – Tycoon World

New Delhi, May 5, 2025 - BLS E-Services, a subsidiary of BLS International, has been awarded with Times Business Award-2025 recognized for its outstanding

Tycoon World

Missed the March deadline for the Digital Financial Services Grant? Don’t worry — applications are reopening this July.

Whether you're refining your idea or starting from scratch, now's the time to get ready! Read more on the details here: https://interledger.org/financial-services

If you have any questions about the process, reach out to the team at [email protected] - they’re here to help!

#DFSGrant #TechFunding #FinancialAccess #DigitalTransformation

Financial Services

We provide grant opportunities to help organizations join Interledger, the global payments network for inclusive digital financial service providers.

Interledger Foundation

The Interledger Digital Financial Services Grant is open! Get up to $250K to expand financial inclusion and enable borderless transactions.

From global payouts to fintech tools, we’re empowering innovators to build the future of financial access.

📅 Live Q&A: March 14 @ 8:30 AM (EST)
🔗 RSVP: https://www.eventbrite.com/e/build-an-interledger-node-q-a-tickets-1255771669869?aff=odcleoeventsincollection

#Grants #TechFunding #FinancialAccess #DigitalTransformation

Tech Q & A

The Interledger Foundation is launching its first call for proposals under the ILP-enabled Digital Financial Services grant program .

Eventbrite
From barter to digital currencies, the evolution of money has been a journey of making transactions more accessible and efficient. 💸 In Africa, this journey is far from over, with mobile internet and digital currencies paving the way for the next leap in financial inclusion. Let’s embrace the change!
Ameh shares more at #WPSessions:
https://wpsessions.com/?p=36654
#DigitalRevolution #FinancialAccess
Financial Inclusion in Africa - eNaira as a case study - WPSessions.com

What does it take to develop a brand-new, nationally recognized currency? And how do we ensure no portion of the population gets left behind in the adoption of this new currency? Follow along and learn how Nigeria did precisely that through the introduction of the eNaira. This case study will cover the key design principles, economic objectives, and the anticipated (and realized) benefits of creating a digital currency for all of Nigeria. Learn how this effort has reached banked and unbanked individuals alike, along with merchants, businesses, fintechs, and financial institutions in order to create a more inclusive financial infrastructure – both inside and outside Nigeria.

WPSessions.com
Cannot believe how useless #BarclaysUK are. There's no way they can say they're a global institution. Firstly, they cannot contact me in Uganda after I tried to contact them repeatedly to no avail. Why? Secondly, they then make a massive error and send my new PIN to the wrong address and now can't send me out another one here. So can't get a new bank card. And it comes after A YEAR of problems with them trying to access my money in UK and after I even struggled to open up an account in the first place. DO NOT bank with #Barclays unless you have to #banks #UK #UKbanks #globalbanks #banking #financialaccess