Interesting article by CGAP about a recent survey which shows that a/o funders are prioritizing countries where women are more financially excluded and that funder support has not resulted in much progress in addressing the gender gap. And quoting a blog post by Mayada El-Zoghbi suggesting that perhaps the financial inclusion community has prioritized the wrong barriers. Access to credit may be a need for many women, but funders encouraging FSPs to offer this service may just not be the answer. There are other reasons why women remain financially excluded, such as social and cultural norms, as well as policy and regulation. It is perhaps time for funders to also focus on these issues to achieve meaningful progress.
Digital bulk payments have the potential to connect millions of poor farmers to digital financial services. This report from CGAP and UNCDF recounts UNCDF's efforts to digitize payments to coffee farmers in Uganda, where just 29 percent of adults actively used mobile money in 2014. It shares lessons for donors, financial services providers and agricultural firms that are interested in digitizing agricultural value chains.
Digital financial services are transforming the world's financial sectors. At the heart of this transformation is the rise of digital payments services like mobile money, through which nearly any individual or business can send or receive money in real time for almost any purpose and from nearly anywhere in the country - an inclusive payment ecosystem. While much has been written about the success of mobile money in Kenya, little is known about other African countries' experiences. What lessons do these markets hold for other countries seeking to build inclusive payments ecosystems? In a new publication, CGAP follows the journeys of Tanzania, where 60 percent of adults have used mobile money in the past year, and Ghana, which is today one of Africa's fastest growing mobile money markets. READ MORE
5 may 2017
Are you interested in exploring how open APIs could help your business contribute to more useful, sustainable, and scalable financial solutions for low-income customers?
CGAP is looking to work with digital financial service (DFS) providers, fintechs, and other organizations that have well-established financial inclusion assets and capabilities to share via open APIs. CGAP will provide financing and technical assistance to implement an open API business and motivate third-party developers to explore and use APIs to build innovative products and services. Our goal is to help industry explore business models based on open APIs and produce new and successful demonstration cases.
Submit Expression of Interest by June 9, 2017
CGAP is looking for digital payments providers, financial institutions, and other financial service providers that have:
* Assets that are relevant to a range of third parties and for a range of innovat... Read more
pour la version française de cet article, s'il vous plaît voir ci-dessous
Given the increasingly clear link between financial inclusion and development, governments should continue to push for greater access to and use of financial services.
On 25 September 2015, the United Nations General Assembly adopted the 2030 Agenda for Sustainable Development, along with a new set of development goals that are collectively called the Sustainable Development Goals (SDGs). The Agenda is a culmination of many years of negotiation and was endorsed by all 193 member nations of the General Assembly, both developed and developing—and applies to all countries. UN Secretary General Ban Ki-Moon noted that “the new agenda is a promise by leaders to all people everywhere. It is an agenda for people, to end poverty in all of its forms—an agenda for the planet, our common ho... Read more
Original article by Chris Bold, CGAP
Despite recent problems that arose from mobile money being temporarily shut down in Uganda, most DFS stakeholders in the country are quite optimistic about the opportunities 2016 will bring. On January 11, 2016, after six years of waiting, and with very little fanfare, the Government passed the Financial Inclusion Act Amendment Bill. This bill amended the 2004 Financial Institutions Act and provided a legal basis for a host of new business models. Here is a quick summary of some of the biggest changes.
Agent Banking. For the first time in Uganda, Agent Banking has been explicitly defined and a legal basis for its regulation has been put in place. Uganda is among the last of the East African countries to allow banks to use agents. This is an important step towards creating a more level playing field between banks and non-banks such as mobile network operators who have long been making use o... Read more
By: Jamie Anderson and Wajiha Ahmed, 25 February 2016
Globally there are approximately 500 million smallholder households - around 2 billion people - who rely on small-scale agriculture for their livelihoods. These households, who make up a large portion of the world's poor living on less than $2 per day, typically cultivate less than five acres of land and lack access to basic financial services. Improving their lives is critical to making a dent in global poverty and advancing financial inclusion.
For CGAP's Financial Diaries with Smallholder Households, researchers interviewed 270 total families in Mozambique, Pakistan, and Tanzania every two weeks for an entire calendar year, tracking their income, expenses, and agricultural production. The result was approximately 500,000 data points, combined w... Read more