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Posts tagged with COVID19

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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COVID-19 (Coronavirus)- Insights for inclusive finance

CGAP

CGAP is refocusing its work on the ongoing COVID-19 crisis and in particular, paying special attention to four areas that play a vital role in furthering financial inclusion. These four include the MFI sector; distribution and government-to-person payments; understanding the impact on customers; and guidance for funders and investors. As part of its strategy, CGAP

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Agent Networks: Vital to COVID-19 Response, in Need of Support

CGAP

What questions should policymakers consider to ensure agents reach as many people as possible with assistance during and after the COVID-19 crisis? CGAP notes that of all existing cash-in and cash-out (CICO) networks the most far-reaching among low-income customers — agent networks — are struggling and often are overlooked by policymakers. CGAP lists three questions below

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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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India is missing the tech-opportunity for responding to COVID-19

FIBR

India should invest and expand the digital payment and commerce network and use it to facilitate social distancing and quarantine, the authors argue. The ongoing lockdown aimed at curbing the spread of the Coronavirus has affected various supply chains, disrupting both business and life leading states to adopt tech-enabled distribution. However, the authors write that

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Taking the COVID-19 temperature in emerging markets: A dipstick survey to draw early insights about impact on Livelihoods

FIBR

At the end of March, BFA conducted a rapid assessment of the impact of COVID-19 on the livelihoods of people in seven countries- Kenya, Nigeria, South Africa, Mexico, India, UK, US. The survey found that low-income and lower-middle-income families are experiencing a decrease in income, with a significant decrease recorded for Kenya, Mexico, and South

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Digital financial transfers can supercharge the response to COVID-19

FIBR

The Kenyan government can and should capitalize on the country’s unique digital financial infrastructure and provide direct cash transfers to help people weather the COVID-19 crisis, writes BFA’s CEO Amolo Ng’weno writes. The cash transfers, she writes, could immediately reach 83% of all adults through existing mobile money accounts. Already, the Kenyan government has digitized

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