Postal banks: A stepping stone to the formal financial system?
This blog is part 1 of a two-part series. The blog highlights the immense potential of postal banks to spearhead financial inclusion. It covers parameters that financial institutions, including postal banks, should address to serve low- and moderate-income customers effectively. We look closely at the challenges postal banks face across the globe and how they manage them. We highlight approaches and practices that can guide postal banks in their journey of innovation and mission to improve the lives of the unserved—especially in emerging and transitioning economies.
Sep 20, 2022
The need for innovative digital financial services to improve the lives of female micro- and small entrepreneurs operating in open-air and cross-border markets: A case from Kenya
MSC conducted primary research in Kenya to understand the challenges of female traders in open-air and cross-border markets. The study identified limitations that prevent them from using digital financial services comprehensively. We sought to learn why these owners of micro and small enterprises shy from using credit, savings, insurance, and payments. Faith Njeri is one such woman. Our new blog discusses the financial challenges countless women like her struggle with as they work on their dream of financial independence.
Aug 29, 2022
India’s gender-responsive policies during COVID-19
Despite the Indian government’s gender-focused relief measures during the COVID-19 pandemic, women beneficiaries faced issues as they tried to access and utilize such measures. Issues with access and capability around digital communication and inherent social norms persist as two important factors that intensify the challenges that #women face in using formal financial services.
Oct 16, 2021
India’s gender-responsive policies during COVID-19
This video provides strategic insights about the Indian government’s gender-focused relief measures during the COVID-19 pandemic and issues faced by women beneficiaries in using formal financial services.
Oct 14, 2021
Lakshya: Helping the urban poor save to improve their financial health
Lakshya is a digital savings platform that provides access to formal savings and insurance to low- and middle-income (LMI) segments in India. It promotes the uptake of formal financial services and financial health within the community. This blog explores the journey of Lakshya and the positive impact it hopes to create within LMI segments.
Aug 26, 2021
Fello: Follow this team to know about a game-based approach to savings and investments for the LMI segment
Fello is a digital savings and investments platform that provides low- and middle-income (LMI) segments in India with access to formal savings. It promotes the uptake of formal financial services and builds a regular savings habit within the community. This blog explores Fello’s journey and the positive impact it hopes to create within LMI segments.
Aug 25, 2021
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