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Posts tagged with Financial Inclusion

From Cauliflower to Unicorns: Five Lessons from Five Years as a Startup

DFI

Gavin Krugel co-founder and the Chief Executive Officer at Digital Frontiers writes about the institute’s five-year journey, the merger with CGAP’s Gateway Academy and shares five lessons he’s learned from running a social enterprise. Read more here

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Ghana launches world’s first Digital Finance Policy amid COVID-19

CGAP

Ghana has become the first country in Africa to launch a digital financial services (DFS) policy according to CGAP.  The government hopes that the policy can support various measures it is taking to leverage DFS in its COVID-19 response.  Developed with technical support from CGAP and funding from the Swiss State Secretariat for Economic Affairs

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In a no-touch world, tech can’t leave low-income people behind

AVL

Inclusive fintech has always had to find a balance between tech and human touch, but the global pandemic is shifting that balance, writes Accion Venture Lab’s Amee Parbhoo. In this blog, Parbhoo writes that during this time, fintechs have to continuously engage and support their customers especially low-income communities for whom in-person interactions are the

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Financial inclusion and resilience for FDPs in the time of COVID-19

CGAP

According to UNHCR estimates, there are 70.8 million Forcibly Displaced Persons (FDPs) worldwide. The global COVID19 pandemic will have severe effects on not just their health but also on their ability to meet their most basic needs. In this timely blog, the authors call for a coordinated global response that ensures that the FDPs have

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Open Banking: 7 Ways Data-Sharing Can Advance Financial Inclusion

CGAP

Senior financial sector specialist Stefan Staschen makes a strong case for open banking in emerging markets and why it would be important especially today in a COVID-19 world.   Open banking, he writes, could advance financial inclusion in emerging markets by dealing with some of the pain points related to spending, savings, and credit, usually experienced

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Your support can help continue building a financially inclusive world

AVL

Accion’s work to build inclusive, resilient communities through access to quality financial services, including credit, savings, and insurance, is more critical than ever. Accion continues to support its partners who are now rapidly adapting to meet new needs arising from the COVID-19 pandemic. But, more help is still needed. Donate to support Accion to continue

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Inclusive fintech in the time of COVID-19

FIBR

Catalyst Fund shares several examples of how its portfolio are helping customers in emerging economies through the COVID-19 crisis. By using their existing solutions and additional innovations, the fintechs are helping people access critical health insurance, send money to their families, access essential goods and services, and better manage current finances via financial advice. In

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Humanitarian Cash Transfers and Financial Inclusion

CGAP

CGAP’s new publication examines the opportunities for humanitarian actors in Lebanon and Jordan to use the cash and voucher assistance (CVA) programs as a pathway to financial inclusion. Syrian refugees in the two countries receive more than a quarter of their humanitarian assistance in the form of cash and vouchers. CGAP observes that there are

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Beyond one billion mobile money accounts: how is mobile money moving us a step closer to achieving a digital future for all?

GSMA

The number of mobile money accounts globally surpassed one billion according to the 2019 State of the Industry Report on Mobile Money published in March 2020 by GSMA.  According to the report, there has been an increase in the number of providers and transactions implying that mobile money is entering the mainstream and becoming the

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3 Trends in Women’s Financial Inclusion Funding

CGAP

While international funders increased their commitments to women’s financial inclusion by 16 percent between 2016-2018, the funding gap between programs with a gender focus and those without remained big.   Using 2018 data on funding for financial inclusion this analytical blog also shows that for example, more than half of the commitments for women’s financial inclusion

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