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
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
In 2019, BFA and FSD Uganda launched the Financial Inclusion for Refugees Project to gain insight into the financial lives of refugees- their incomes, expenditures, and financial flows. Published preliminary findings by BFA and FSD Uganda provide a glimpse into the financial lives of the refugees in Kampala, Nakivale, Bidibidi, and Palorinya camps. Arriving with
Refugees and host communities in Lebanon are faced with high levels of financial exclusion, a situation that is usually made worse by health-related shocks. A 2019, study by the World Bank Group and CGAP found that these communities tend to rely on informal mechanisms to manage irregular cash-flows, such as converting cash to gold, borrowing