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.
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.
In 2009, Pakistan spearheaded the over the counter (OTC) transaction revolution. But in the summer of 2017, the digital financial services (DFS) landscape may experience a watershed moment. In June 2016, the State Bank of Pakistan (SBP) announced that as of July 2017, all branchless banking players offering OTC transactions will be required to use […]
Migrant workers, are unique client segment that interests financial service providers- specifically the digital financial service providers. This Note examines decision making context and behavioural aspects of the migrant workers.
The Human Touch Required to Evolve Digital Finance
Service Offerings at Agents are Static & Rudimentary Across East Africa The Helix Institute’s research (2013) is showing that even after seven years of market development in Kenya, six years in Tanzania and five in Uganda, agents are still providing the same very rudimentary services that they did from the beginning. The graph below shows that just about all […]
TagPag technology and its appropriateness for money
Tagattitude is a technology company specialized in phone-based electronic transactions. It offers banks, telecom operators, payment service providers, and others a micro-banking platform called TagPay. The TagPay mobile payment platform includes proximity and remote mobile money services such as retail payments, money transfers, e-commerce transactions, bill payment, salary disbursement, microfinance and savings. Yves Eonnet, CEO […]