How can MFIs manage the inevitable change as the world goes digital? Collaboration is one key strategy. Grameen Foundation India shares how an MFI-Fintech collaboration is transforming the lives of poor rural women.By Gopika Gulati & Gaurav Chakraverty, Grameen Foundation India
Grameen Foundation India shares how they are working on the first step of improving women’s digital financial literacy.By Rahul Ranjan Sinha, Grameen Foundation India
India’s Aadhaar Enabled Payment System (AePS) is the world’s first national biometric-based payments system. In the two years since its launch, AePS has revealed both benefits and challenges as it seeks to expand financial inclusion. Grameen Foundation India has experienced these directly as we work to scale digital financial services and financial education.
How does AePS work?
AePS was designed to allow individuals to conduct financial transactions across any participating bank, using just three inputs:By Rahul Ranjan Sinha & Gaurav Chakraverty, Grameen Foundation India
Ghana made waves earlier this year when it launched the world’s first digital financial services (DFS) policy, building on the past five years of explosive DFS growth in the country. Can the new policy help to close the gender gap?By Buddy Buruku and Clarissa Kudowor, Buddy Buruku is a CGAP Financial Sector Specialist and a digital financial services (DFS) adviser based in Ghana where she is CGAP’s in-country lead.
A review of the top 20 digital credit companies in the country reveals that regulation is sorely needed.By Attai Ohiemi, Mobile Pouch Ltd