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Promoting Financial Inclusion in the Caribbean: A Broken ATM in the Bahamas Reveals the Need for Digital Banking Solutions Across the Region
Imagine if your only access to your salary and savings depended on a single ATM. Now imagine that someone takes a hammer and smashes it up. As Nicholas Rees at Kanoo Pays explains, that was the situation facing a community in The Bahamas after vandals damaged the district’s sole ATM. He discusses the challenges experienced by remote, cash-dependent populations across the Caribbean, and explores how Kanoo Pays' digital wallet leverages offline payment capabilities and Central Bank Digital Currencies to address these customers' unique needs.
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- Finance, Technology
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Under-Leveraged Best Practices for Scaling Productive Use of Energy Appliances: Part 2 — Financing Options
Productive Use of Energy (PUE) appliances are the subject of growing attention in the development sector, but manufacturers and distributors are facing a number of challenges and misconceptions that are limiting uptake of these devices. In the second article of a two-part series exploring best practices for selling PUE appliances, Thomas Charoy and Lucie Klarsfeld McGrath at Hystra discuss the affordability challenge, sharing solutions for handling the high level of working capital and financial skills required to offer financing options to end-users.
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- Agriculture, Energy, Finance, Technology
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The Future of Digital Credit: A Recent Report Explores How to Make its Second Decade More Impactful Than its First
The first online lending platforms began emerging roughly two decades ago, and since then, the global digital credit market has grown to reach many formerly excluded customers. But according to Dan Cassara, previously at CEGA, this growth has raised concerns about over-indebtedness, exploitation and scams. As the market looks toward the coming decades, he shares a recent report that investigates digital credit — particularly Mobile Instant Credit and airtime loans — and explores approaches that can better protect consumers and support their financial health.
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- Finance, Technology
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Inclusion Requires Interoperability: Why All Digital Financial Services Should be Interoperable
As of 2021, there were 1.4 billion financially excluded people globally — over 1 billion fewer than there were in 2011. As Briana Marbury at the Interledger Foundation explains, mobile money and other digital financial products and services have helped to drive this progress, reaching populations that have traditionally been excluded. But she argues that this momentum has highlighted an emerging issue that could limit the impact of the growth in financial inclusion: the lack of interoperability between digital systems.
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- Finance, Technology, Telecommunications
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Empowering the Underserved: A New Report Highlights the Impact of Off-Grid Energy Solutions — And Some Emerging Challenges
Up to 674 million people living in the world's most vulnerable communities are projected to remain unelectrified by 2030. According to Kat Harrison at 60 Decibels, the off-grid sector could reach these customers, if these energy businesses and organizations are given the right support to successfully scale. She shares insights from a new 60 Decibels report, based on interviews with 79,000 energy customers in over 30 different countries over the last three years, which highlight some adjustments the sector could make to reach hundreds of millions of excluded customers.
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Comparing Business Models for Scaling Access to Productive Use of Energy Appliances in Agriculture: The Advantages of Pay-Per-Use
Productive Use of Energy (PUE) appliances — including solar refrigerators, water pumps and more — can boost productivity, income and quality of life in vulnerable communities. But as Ankur Singh, Argha Ghose and Clementine Chambon at Oorja explain, challenges like high upfront costs, lack of financing and poor after-sales service hinder their adoption among these consumers. They explore several business and end-user financing models that can support PUE uptake in agriculture, and explain why the pay-per-use model is uniquely suitable for low-income consumers.
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- Agriculture, Energy, Finance, Technology
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Taking Stock of India’s Fintech Landscape: A Venture Capital Firm Shares Six Insights from One of the World’s Most Vibrant Investment Markets
The global team at Quona Capital — a venture capital firm focused on inclusive fintech — recently concluded a visit to India, during which they immersed themselves in the local fintech ecosystem. Michel Zaidler at Quona shares six insights they gathered from several of their Indian portfolio companies, and from these companies' customers and other fintech thought leaders. He highlights some of the groundbreaking business models these fintechs are using, and explains why the Indian market offers unique opportunities to investors.
- Categories
- Agriculture, Finance, Investing, Technology
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Mobilizing Capital in the Low-Cost Private School Sector: Key Insights Two Years into an Innovative Partnership
One in five children in sub-Saharan Africa are out of school, and without scalable solutions, the region — like other emerging markets — won’t meet SDG 4’s goal of education for all. Mauricio Rincon and Mathieu Fourn at Opportunity International, and Alvaro Ma at Oikocredit argue that affordable non-state schools can help address this need — but only if they're supported by financial institutions and impact investment. They share learnings from a partnership between Opportunity and Oikocredit that is directing millions of dollars in capital to these schools, along with capacity building and other support.