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The Human Foundation for Digital Financial Services
Agents are the bricks and mortar of a digital financial services business. With payment banks in India designing their strategies for building their agent networks, they must also ensure they get the operations right, putting high quality agents in the market, supporting them effectively, and playing their part in seeding the demand they need to earn a decent revenue.
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- Uncategorized
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Merchant Solutions Could Be the Answer to Mobile Money Issues
The mobile money agency system has made huge progress in increasing access to financial services and reducing the cost of transactions, though in terms of serving the “last mile” – those wishing to make single dollar transactions – there is still much to be done. But the answer may be staring us in the face, says Vahid Monadjem, CEO of Nomanini.
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- Technology
- Region
- Sub-Saharan Africa
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Three Key Lessons for Responsible Digital Finance
Xavier Giné (World Bank), Greg Fischer (London School of Economics) and Dean Karlan (Yale University) discuss the challenges and opportunities in designing digital financial services for the poor.
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Having a Bank Account Means Very Little
The number of South Africans who use their bank account simply as a storage tool – making one withdrawal a month and then transacting using cash – rose to 11 million in 2015 from 9 million in 2014, indicating poor financial inclusion, a recent study finds.
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- Uncategorized
- Region
- Sub-Saharan Africa
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A Guide to Financial Inclusion in Fragile States
Start with aid: At USAid we are looking for ways to convert traditional aid delivery models, such as commodities and vouchers, into cash transfers that are delivered in ways that encourage recipients to access safe, basic financial services. Kay McGowan, digital finance advisor, USAid, Washington DC, USA @KMcGowan@GlobalDevLab
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- Uncategorized
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Report: Banks Have a $380 Billion Market Opportunity in Financial Inclusion
Banks can address an additional US$380 billion market in annual revenues by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system, according to a new report produced jointly by Accenture (NYSE:ACN), through Accenture Development Partnerships, and CARE International UK, a leading humanitarian organization fighting global poverty.
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- Uncategorized
- Region
- Europe & Eurasia
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Not Just Child’s Play: Why the financial services industry can – and should – support children’s well-being
A new research paper released by the Center for Financial Services Innovation (CFSI) explores the relationship between a family’s financial health and its children’s well-being, illuminating the need and opportunity for financial services to play a greater role in supporting child and family success. Doing so can help providers deepen relationships with customers today and with their children in the future.
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- Uncategorized
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Health Care Dominates Borrowing in Global South
With policyMakers in emerging market economies stepping up the focus on financial inclusion, India and China have seen the strongest growth in account ownership between 2011 and 2014. If the findings of the World Bank-Gallup Global Findex Survey 2014, which asked over 1,50,000 respondents in 143 countries how and why they access financial services, were to be plotted on a map though, there is a very clear North-South divide in terms of where people spend their borrowed money.
- Categories
- Health Care
- Region
- South Asia
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