Theme: Digital Financial Services
What impact does social distancing have on global remittances?
Measures such as social distancing to curb the spread of Coronavirus have handicapped people used to cash-to-cash transactions. Migrants and their families have not been spared. This blog focuses on the extent to which digital channels provide attractive alternatives and opportunities for partnerships between money transfer services, governments and FinTechs to ease this challenge.
Nov 20, 2020
Use of remittances to encourage the unbanked to open accounts—a missed opportunity
The activities of many entrepreneurs in Senegal require financial flexibility that banks and microfinance institutions find difficult to provide. Life would be much easier for people like Abdoulaye, if financial institutions were to partner with money transfer companies to create digital profiles and develop an alternative credit history to extend them credit. Read Abdoulaye’s story.
Nov 20, 2020
An introduction to disaster risk financing Part II – Building resilience of LMI segments through disaster risk microinsurance
This blog looks at success stories of how microinsurance has addressed climate and disaster risks. It also highlights how bundling helps microinsurance utilize technology and develop the technical capacity to deliver better products
Nov 13, 2020
What does it take to nudge low- and moderate income(LMI) population segments to adopt DFS
DFS can help increase the use of financial services, catalyze women’s economic empowerment and promote the development of the overall economy. However, the adoption of DFS amongst the LMI, especially women has been limited. Considering the increasing need for digital payments, especially in the wake of restricted mobility that COVID 19 imposes, MSC attempted to understand what it takes to nudge low- and moderate-income (LMI) population segments to adopt DFS.
Nov 9, 2020
A phone can only do so much: Why mobile access isn’t leading to digital financial service usage among women in India
Despite significant progress in financial inclusion, low-income working women have not been able to derive benefits, even when they receive their wages digitally.
Nov 6, 2020
Will the Pandemic Exacerbate or Mitigate the Digital Gender Gap?
COVID-19’s disproportionate impact on women must be urgently addressed through the provision of digital financial literacy and access.
Nov 4, 2020