Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch a new merchant mobile payments solution, which will enable Small and Medium Enterprises to safely make and receive digital payments through various online channels.
- Sub-Saharan Africa
Roughly 4 billion people lack access to clean cooking technology. This leads to almost four million annual deaths, particularly among women and girls, and costs the global economy approximately $2.4 trillion each year. But though these challenges have persisted despite many high-profile efforts to address them, Ben Jeffreys of ATEC* International argues that clean cooking is uniquely solvable with the right technology and business models. He discusses how the flywheel model could unlock the disruptive potential of clean cooking technologies to create sustainable change.
A Cutting Edge Solution to a Global Problem: Why PAYGO Electromagnetic Induction Stoves Will Become the Leading Clean Cooking Technology by 2030
Half of the global population lacks access to clean, modern cooking services, costing the world’s economy approximately $2.4 trillion each year due to the adverse impact of open-fire cooking on health, climate and gender equality. Lachlan Harris, lead engineer at ATEC*, explains why electromagnetic induction stoves are the best option to address this issue. He explores the advantages of this technology in terms of energy efficiency, safety and scalability — and discusses how a pay-as-you-go model can help solve the affordability challenge.
Low-income consumers in emerging markets rely heavily on last-mile distributors (LMDs) for access to life-changing products, from smartphones to solar home systems. But as Erin Junio at Angaza explains, despite the critical role they play in the sale and distribution of these products, LMDs struggle to access the funding they need to scale. She explores the funding challenges these businesses face — and how data-driven innovations in lending are emerging to close this financing gap.
Social enterprises at the last mile are working relentlessly to close the gap in achieving the SDGs. But since their customers are generally underprivileged, they're also very sensitive to a product’s price, which means boosting efficiency is key to increasing these businesses' profitability. Thibault Lesueur and Simon Schaffner at Solaris Offgrid explore how process digitalization and interoperable software systems can streamline last-mile distribution and help these enterprises scale.
The Impact of COVID-19 as Seen in Solar Payment Data – and How One Off-Grid Energy Company is Responding
Since COVID-19 began, the energy company Bboxx has been monitoring payment trends among its 250,000+ pay-as-you-go solar customers in 12 emerging markets. Analysts at Bboxx assess the data from four African countries, exploring what it says about the pandemic's impact on solar electricity users – and about how to support these customers during the crisis.
A New Test for Old Technology: How COVID-19 is Sparking Innovation in PayGo Financing for Biodigesters
Biodigesters transform animal manure into high-quality fertilizer and biogas, replacing the need for wood-burning cooking stoves – and PayGo financing enables smallholders to afford them. But as Laura Harwig at Feed the Future explains, COVID-19 has made it harder for farmers to make their payments. She explores how the biodigester company ATEC* has adapted its PayGo model to help farmers weather these challenges.