Blog

Posts tagged with Provider

Tracking mobile money regulatory responses to COVID-19

GSMA

GSMA’s COVID-19 Response Tracker that monitors mobile money-specific regulatory policy, government, and provider interventions globally, is now public. The tracker which is updated weekly collates data from 32 countries, spread across Sub-Saharan Africa (17), East Asia & Pacific (7), South Asia (4), Middle East & North Africa (3), and Latin America & Caribbean (1).  Key

Read more >

From Cauliflower to Unicorns: Five Lessons from Five Years as a Startup

DFI

Gavin Krugel co-founder and the Chief Executive Officer at Digital Frontiers writes about the institute’s five-year journey, the merger with CGAP’s Gateway Academy and shares five lessons he’s learned from running a social enterprise. Read more here

Read more >

The GSMA Inclusive Tech Lab launches an industry-leading Interoperability Test Platform for financial inclusion

GSMA

On July 1, the GSMA Inclusive Tech Lab launched the Interoperability Test Platform, a free and open-source end-to-end test facility for mobile money providers and service providers.  According to GSMA, this is the industry’s first joint test environment combining two key technologies: the GSMA Mobile Money API and Mojaloop, an open source code, developed to

Read more >

Financial Consumer Protection: 3 Steps to Better Customer Outcomes

CGAP

In this blog, senior financial sector specialist Antonique Koning reminds financial services providers and regulators of their duty to protect customers especially now during the ongoing Coronavirus pandemic.  Koning writes that the pandemic has left many people financially distressed, with providers’ actions and inaction making it even more difficult for customers.    People are making uninformed

Read more >

Mobile money driving formalisation and building the resilience of MSMEs

GSMA

In 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

Read more >

PODCAST: Time to shine for innovative fintech lenders

AVL

AVL’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

Read more >

These Digital Banks help Fintechs to offer banking services

CGAP

Imagine 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-

Read more >

COVID-19 exposes opportunities as well as vulnerabilities for migrants’ remittances to Senegal

UNCDF

In 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

Read more >

Impact of COVID-19 to the microfinance sector in Rwanda: Rapid survey and assessment

AFR

Microfinance 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

Read more >

How Is the Pandemic Affecting Agents? Here’s What Providers Tell Us

CGAP

Over 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

Read more >