February 12

Digitization and Financial Services

FIBR is an initiative of BFA in partnership with Mastercard Foundation to create new ways to connect low-income populations to financial services that meet their needs. Rapid uptake of smartphones in these markets means we can digitize data about how individuals otherwise informally, transact as an employees, customers or suppliers in their communities and with local businesses. The digitization of these trusted business relationships allows for new data that a broader range of providers can use to offer tailored financial products and services to this demographic.