How is digital finance making modern, small-scale solar energy solutions more affordable and accessible to poor communities?

bKash, a mobile money service launched in 2011, is becoming a household name in Bangladesh, with over 11 million users.

Through their phones, customers in Kenya are saving money, earning interest and accessing credit with M-Shwari.

A woman holds a bank card

Financial inclusion is at the center of India's new economic policies. Technology plays a key role in getting access to masses.

Students in the Philippines enjoy a new classroom
Today, youth represent nearly half of the world’s population; tomorrow, they will be adults in need of financial services.
1
2
3
4
5

About CGAP

The Consultative Group to Assist the Poor is a global partnership of 34 leading organizations that seek to advance financial inclusion. CGAP develops innovative solutions through practical research and active engagement with financial service providers, policy makers, and funders to enable approaches at scale. Housed at the World Bank, CGAP combines a pragmatic approach to responsible market development with an evidence-based advocacy platform to increase access to the financial services the poor need to improve their lives.

Publications

August 12, 2014
Globally, over 1.3 billion people lack access to electricity, and another 1 billion people have unreliable connections to national electricity grids. Startup energy enterprises are leveraging digital finance to deliver modern energy to the poor, sold on a pay-as-you-go basis.
July 29, 2014
bKash launched in the second half of 2011, grew to 2 million accounts by the end of 2012, and shot up to 11 million registered accounts by the end of 2013.

From Our Blog

29 August 2014
M-Pesa recently reduced its fees on person-to-person mobile money transfers. How will these price changes...
28 August 2014
The Kenyan Financial Diaries project found that many poor households prioritized savings over liquidity when...
27 August 2014
1 comment
The Kenya Financial Diaries project tracked the detailed cash flows of 300 low-income families over...