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Posts tagged with Ecosystem

Short-term fixes are not enough if SMEs are to survive COVID-19

FIBR

As the economic effects of the lockdowns worldwide begin to solidify, businesses large and small are collapsing, write BFA Global’s Coco Dong and Michelle Hassan.  In Kenya and China, small and medium enterprises are struggling to stay afloat. Given the difficulty in accessing government support, many owners have found their own solutions to stay in

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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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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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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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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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Risk-Based Supervision Is Key to Financial Inclusion in 2020 & Beyond

CGAP

CGAP’s financial sector specialists argue that risk-based supervision is key to financial inclusion especially for emerging markets and developing economies (EMDE) where supervisory capacity is low and financial innovations are evolving quickly.   Risk-based supervision involves building risk profiles, conducting risk assessments and monitoring indicators to systematically identify, measure and monitor risks.  Since 2019, CGAP has

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DFS Ecosystem Partnerships for Financial Inclusion in Zimbabwe

DFI

To enhance our financial services and in order to reach the marginalised, it is imperative that we make an effort to create a digital financial services partnership ecosystem which will include stakeholders such as the identity authority (Registrar-General), Mobile Network Operators (POTRAZ), Financial Clearance Bureau (FCB), Finscan and Salary Services Bureau (SSB). What are the

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Regulator’s Friend or Foe? Cloud Computing in Financial Inclusion

CGAP

By pooling resources, cloud providers allow financial institutions to avoid the heavy investments otherwise needed to store, manage, and process data by storing, managing, and processing this data over the internet. But the cloud comes with risks as CGAP notes in its recent evaluation “Regulator’s Friend or Foe?” Read more

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Sub-Saharan Africa: The enduring epicentre of mobile money – Part 1

GSMA

Sub-Saharan Africa: The enduring epicentre of mobile money—Part 1 discusses how, while the adoption of mobile money has grown across the globe, sub-Saharan Africa maintains the lead in both adoption and use. And Part 2 looks at the future of mobile money listing the key areas of future growth in sub-Saharan Africa. Read more

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