Innovative businesses are leveraging Digital Finance Plus to link poor communities with essential services. The success of these businesses is driven by multiple market factors. We explore which factors matter most based on a framework CGAP developed with McKinsey.
Mobile operators are increasingly looking toward a next generation of financial and non-financial services that leverage mobile money. In Zimbabwe, Econet is diversifying its products while simultaneously driving mobile money usage in other sectors, including energy, education, agriculture, and health.
Driving financial inclusion and expanding energy access have traditionally been considered separate development objectives. But thanks to revolutions in the distribution and financing of off-grid solar, that may be about to change.
In Uganda, Tugende has helped over 3,000 motorcycle taxi drivers on the path to ownership by leveraging new technologies that enable the purchasing of an asset over time. Tugende's success has four key lessons for other digital finance plus initiatives.