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Avoiding the Downside of Instapay: Five Behavioral Science-Based Principles to Make Paycheck-on-Demand Benefit Low-Income Users
There are numerous apps and employers that allow employees to cash out their paychecks on demand, rather than waiting until their usual payday. But while this may seem like a dream come true for people who need quick cash to deal with financial distress, "instapay" also comes with tradeoffs. Analysts at Common Cents Lab discuss these downsides – and some behavioral science-based solutions.
- Categories
- Coronavirus, Finance, Technology
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Post-Pandemic Funding Solutions for Struggling Social Entrepreneurs
Small business owners across the United States are confronting the fact that financial help from the federal government, if it comes at all, may not be enough to weather the COVID-19 crisis. Economic fallout from the pandemic and the specter of a recession pose threats to every entrepreneur, especially to those in the business of creating social impact.
- Categories
- Coronavirus, Entrepreneurship
- Region
- North America
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Press Release: Vodacom M-Pesa Tanzania Goes Global
Hisham Hendi, Vodacom Tanzania CEO lauds the move as crucial support for the remittance ecosystem. The mobile Money services continues to drive economic growth in Africa.
- Categories
- Coronavirus, Finance
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Coronavirus May Cost Africa $4.8 Billion in Crop Exports
The coronavirus pandemic could cost Africa as much as $4.8 billion in lost agricultural exports and affect the livelihoods of 10 million farmers, McKinsey & Co. said.
- Categories
- Agriculture, Coronavirus, Finance, Health Care
- Region
- Sub-Saharan Africa
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Formal Insurance for Informal Labor: How Microinsurance Can Cover Young Workers in the Gig Economy
The gig economy is a growing source of employment for youth in emerging markets. But these workers often face a lack of social benefits, including access to insurance – and this vulnerability has been highlighted by the COVID-19 pandemic. Analysts at MSC discuss some innovative ways insurers can extend some of the formal economy's protections to these informal workers.
- Categories
- Finance
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Preventing Coronavirus in an Age of Distrust: The Importance of Cross-Sector Collaboration
As the coronavirus pandemic spreads, public health institutions are playing an essential role in containing the virus. Unfortunately, as Steve Schmida at Resonance points out, trust in large institutions is at an all-time low in many countries – and this is a major impediment to preventing the spread of the virus. He explores how governments can partner with both private enterprises and non-profits to boost public trust and promote efforts to contain coronavirus.
- Categories
- Coronavirus, Health Care
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Innovating for Sustainable Data Collection: Generating ‘Gold Standard’ Survey Data – For 75% Less Cost
Traditional face-to-face surveys are regarded as the gold standard in financial inclusion. But sending surveyors out into excluded communities is expensive, and long surveys can result in cognitive fatigue and lower data quality. Grant Robertson at insight2impact (i2i) discusses a more sustainable approach i2i has developed, which uses a mixed-mode data collection strategy and statistical techniques to generate data of equivalent quality, for far less expense.
- Categories
- Finance
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Insights, Analysis and Debate: Vote for the Top NextBillion Article of 2019
Another year has come and gone, and it's time for NextBillion to select our most influential articles of 2019. As usual, we’re turning to you, our readers, for help. We've selected our 12 most-read articles of the year, and we invite you to vote for the one that impacted your thinking the most. You can vote up to 12 times during the voting period, which runs from Dec. 20 to Jan. 2. The winner will be announced on Jan. 3. As always, thank you for reading, contributing content to, and engaging with NextBillion!
- Categories
- Education, Energy, Entrepreneurship, Environment, Finance, Investing, NextBillion Originals, Technology
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