Financial Inclusion: SMEs

While consumers have financial inclusion at their fingertips, many Small and Medium Enterprises (SMEs) around the world are still striving for it. Financial inclusion for unbanked SMEs in developing countries and underbanked SMEs in developed countries is slowly gaining momentum. More and more FinTechs, governments, and banks are now realising how big the opportunity is to serve the SME market, as well as the need to customise solutions to meet various regional and country needs. A Developing Story - Citizens speeding up financial inclusion for SMEs According to the World…READ MORE

13 Apr 2017

Financial Inclusion: Borrowing

People around the world are underbanked, or even unbanked, for a variety of reasons – from a lack of access to a lack of awareness or demand. When compared to saving and payment solutions, access to borrowing is generally more limited. People in developing countries are often caught in a vicious cycle – as they have never borrowed money formally, it is difficult for potential lenders to assess the associated risk, thus further preventing their ability to access loans.   Microlenders improving their processes That being said, the unbanked have…READ MORE

5 Apr 2017

Financial Inclusion: Payments

The ability to make a payment or transfer funds is often taken for granted, yet many of the world’s population are excluded from doing so. This is not isolated to developing economies but is also a hot topic within many developed ones as well. For example, in the UK, the previously proposed (but scrapped) withdrawal of cheques as a payment method (which is a popular payment method, e.g. amongst older generations) could have excluded many from the payments system. Banks, MNOs (Mobile Network Operators) and FinTechs are amongst the players…READ MORE

27 Mar 2017

Financial Inclusion: Savings

Money is a peculiar thing. Unlike other forms of wealth like farmland and livestock that require continuous engagement with the natural environment and living creatures as well as the help of other people, money can sit in a bank and grow on its own. A FinTech solution trying to upend traditional methods of saving has to answer two basic questions: Can it gain the trust of individual users? Does the service offer attractive enough returns compared to other assets? It is said that nearly a third of today’s global population…READ MORE

10 Mar 2017