GSMAIn recognition of the Micro, Small and Medium-sized Enterprises Day- June 27- GSMA published a briefing note exploring how mobile money can help informal MSMEs access financial services and overcome some of the barriers to entering the formal economy. The note also discusses the pivotal role mobile money can play in helping MSMEs survive the
AVLAVL’s new podcast series features industry leaders discussing the impact of COVID-19 on their work. This episode features Jacob Haar, the Managing Partner at Community Investment Management (CIM) talking about how fintechs are uniquely positioned to respond to challenges and continue driving inclusive finance in this crisis. “Lending partners that have access to real-time data
CGAPImagine that virtually any type of business you can think of could offer banking services to their customers, without having to apply for a banking license or directly bear the costs of regulatory compliance. This is “banking-as-a-service” (BaaS), write CGAP’s Peter Zetterli and Ivo Jenik. While still new – with only a few players globally-
FIBRBFA’s third wave of the rapid online “dipstick” surveys of low- and lower-middle-income respondents in Ghana, India, Kenya, Mexico, Nigeria, South Africa, the UK, the US, and Vietnam show a further decline in people’s income, savings and increase in expenses especially in countries with the most severe lockdown measures. A summary of the findings Income
UNCDFIn Senegal, most remittance services operate over-the-counter cash collections but lockdown restrictions are making it hard for people to collect the money sent by relatives abroad. Even as remittances dwindle due to lockdowns in the countries where the migrant workers are based, UNCDF says more action is now needed to develop and scale up digital
AFRMicrofinance institutions in Rwanda are struggling due to the effects of COVID19. Clients are taking out savings leaving the institutions with less liquidity, according to a recent rapid assessment of how MFIs and SACCOs have been affected by the Coronavirus in Rwanda. According to the assessment by Access to Finance Rwanda, 95% of the microfinance
FIBRIn this webinar recording, FSD Kenya and BFA Global present key findings from research on the social, financial, and economic impact of COVID-19 on low-income Kenyans. Webinar Presentation Read more blogs on how low-income Kenyans are coping with the changes in their lives induced by Coronavirus here.
CGAPOver the last few months, CGAP has been asking mobile money operators, digital banks, fintechs and other DFS providers across Asia and Africa how the COVID-19 pandemic is impacting their agent networks. Two key findings COVID-19 is changing DFS transaction types, which could force providers to revisit pricing and fee strategies. There has been a
GSMAGSMA’s new report features the interoperability journeys and lessons of six countries. It focuses on mobile money integrations between MMPs and also offers insights into the experiences of these markets, which are at different stages of an interoperability process. The report highlights how industry leaders in markets such as Tanzania and Madagascar proactively pursued mobile
CGAPCGAP's Elizabeth McGuinness argues that for households and families to recover from the effects of the ongoing COVID-19 pandemic, responses by policy makers and funders must consider which financial products can contribute to the resilience of which groups and under what conditions.