Smart Hub Inc., has developed an epayment innovation in the person to government (P2G) space, called BayadLoad (bayad meaning payment in Tagalog), which attempts to empower more users in the Philippines to use digital channels.
China's Alibaba Group is not only the world's largest e-commerce company, but it is also an innovator in microfinance. Alibaba leverages big data to link rural villages with the goods, sales channels and financial services they need to grow their businesses.
E-wallet use is becoming more common in Bangladesh. However, OTC transactions are still very popular and will likely remain so until the process of opening an e-wallet account and using it regularly become easier for and more attractive to the poor.
Upon realizing that rural community water projects were often unsustainable due to poor accounting systems, Grundfos conceptualized a pay-as-you-go (PAYGO) model that improves community water management by increasing transparency and reducing the reliance on cash.
Kytabu is a Kenyan-based company that offers a textbook subscription service where users can pay in small increments for individual chapters of textbooks and read the content on their cell phones. The company hopes to make educational materials much more accessible and affordable in Kenya.
Postal networks have undertaken major transformations. They are increasingly leveraging their branch networks to play a role in financial services, and many are emerging as important gateways for financial inclusion of the world's poor.
Aadhaar, the effort to give every Indian resident a unique identification number for the purpose of accessing services and social benefits, is at the center of India's progress towards financial inclusion.