Well, there are four basic paradigms MFIs can use to effectively go digital:
– Buy a platform and become a provider.
– Act as an agent / agent network manager for an e-money issuer (usually a bank or an MNO).
– Leverage an established digital financial system to deliver its own products and services.
– Limit its engagement to leveraging telecom networks for information sharing.
The Helix Institute hosted a webinar exploring the opportunities abound for microfinance institutions in digital finance during the FI2020 Week event. This event was part of a week of global conversation exploring the most important steps to achieving full financial inclusion which will include partners from around the world participating in order to advance financial inclusion.
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