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How Does Digital Finance Impact Low-Income Clients? Insights From a New ‘Evidence Gap Map’
Digital finance can help people live happier, healthier and more prosperous lives – but those outcomes are not inevitable. And the more data we have about the effects of various digital finance products, the better those products will be, says Niamh Barry at Caribou Digital. That’s why the Partnership for Finance in a Digital Africa created the Digital Finance Evidence Gap Map, which now includes 55 studies covering 60 products. Barry highlights some key insights from the research, and how it can boost the sector’s social impact.
- Categories
- Finance, Impact Assessment
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Press release: Credit Suisse joins with CGAP on the application of digital finance to alleviate poverty
Credit Suisse, one of the world's leading financial services providers, is partnering with the Consultative Group to Assist the Poor (CGAP) to support its work in building inclusive and responsible financial systems that help people move out of poverty, protect their economic gains and advance the broader global development agenda.
- Categories
- Finance
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How Informal Employment in Emerging Markets is Boosting Fintechs in Alternative Lending
The informal sector, which official GDP does not reflect, holds a significant share in the economies of developing countries. At the same time, if the volume of goods and services produced informally is rarely more than 40 percent of the official GDP, then the share of people employed off the books can be incomparably higher.
- Categories
- Finance
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Central Bank of Nigeria unveils strategy to achieve 80% financial inclusion
The CBN stated that “the major goal of this revised strategy is to reduce the proportion of adult Nigerians that are financially excluded to 20 percent in year 2020 from it baseline figure of 46.3 percent in 2010.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Mexico launches major initiative to boost financial sector
"The main objectives of these actions are to increase the coverage of the financial sector and promote liquidity in the stock market, introduce a more efficient payment system for the population, and overall, facilitate and promote savings mobilization, channeling them into productive investments," read a press release from the finance ministry.
- Categories
- Finance
- Region
- Latin America
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Why the next big thing in fintech is not mobile payments
The next big thing in fintech isn’t mobile payments – it’s data.
- Categories
- Finance
- Region
- Asia Pacific
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In China, cash is no longer king
A cashless society has many advantages, including lower transaction costs. But it also creates a divide between those who can make cashless payments and those who cannot.
- Categories
- Finance
- Region
- Asia Pacific
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Indian government starts process for financial inclusion of sex workers
A high-level task force among other things will now study how banking facilities can reach this section of society and linkages forged to connect them to advantages of financial inclusion.
- Categories
- Finance
- Region
- South Asia
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