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.
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.
New models for financing household connections to energy, water and sanitation are enabling more low-income households to access these essential services. Financial solutions are necessary for achieving access targets under the Sustainable Development Goals (SDGs).