As impact evidence grows, so should our understanding of the impact of various digital finance products on low income users. We've launched the third addition of our EGM, revealing new insights with almost double the studies since 2017.
The FiDA partnership launched version 2.0 of the Digital Finance Evidence Gap Map (EGM) in October 2018. With 55 studies examining 60 products, there are many insights to navigate. To show the types of analysis the EGM makes possible, we published a number of impact insights on a range of topics.
In previous insight pieces on savings, credit, and, Person-to-Person (P2P) transfers, we synthesized what we learned from studies in the Digital Finance Evidence Gap Map (EGM) using a product lens. However, the product lens is just one perspective, and the digital finance impact landscape is more varied and layered than this. Here we share four factors that digital finance researchers should consider when testing the impact of a digital finance product.
There were 690 million registered mobile money accounts as of December 2017. The digitization of a pre-existing behavior—sending and receiving money—is clearly valued in many markets. The digital finance community now has more than 10 years of person to person (P2P) experience on which to reflect: What have we learned about the impact of P2P on clients?
This post has been co-authored by Niamh Barry from the FiDA Partnership, and Natasha Beale, Carson Christiano, and Alexandra Wall from the Digital Credit Observatory (DCO) at the Center for Effective Global Action (CEGA).
FiDA is publishing a mini series on various insights derived from an analysis of the latest Evidence Gap Map (EGM) update. This is the second blog, others will include impact insights on digital credit and payments and transfers, the design and delivery of various products, and where (people and location) we have been looking for impacts.
FiDA launched the first Digital Finance Evidence Gap Map (EGM) in November 2017 with 40 studies, covering 41 different products. A year on, the EGM includes 55 studies, covering 60 products. Each year reveals more insights on the impact of various digital finance products.