Aligning regulations to enhance digital financial inclusion in Indonesia
In Indonesia, the regulatory supervision of banking and financial services is under two regulatory bodies, Bank Indonesia (BI) and the more recently established, Financial Service Authority (Otoritas Jasa Keuangan or OJK). This study looks at synergies in regulations for e-money (LKD) and branchless banking (Laku Pandai) to unleash the full potential of digital financial services in Indonesia.
Opportunities in digital financial services related to jobs in Sub-Saharan Africa
With over 10 to 12 million young people entering the job market yearly on the African continent, the private sector, despite its dynamism, cannot create enough jobs to absorb them. The global jobs crisis has exacerbated the vulnerability of young people in terms of (i) higher unemployment; (ii) lower quality jobs for those who find […]
The State of Bank-led Initiatives for E/M-Banking and its Potential
In 2012 Ignacio Mas worked with MSC to look at the state of digital financial services in India, the type of products that poor people want, and the role of microfinance institutions/SHGs in digital financial services systems. Ignacio also ran a training for all MSC staff, and we then asked him to record some of […]
Direct Benefit Transfer program was thought to be effective method of achieving goal of financial inclusion. Its effectiveness was thought to be an outcome of necessity of making payments to individual bank accounts and also because of regularity of payments. However, due to operational issues its progress does not inspire much hope. At best DBT […]