Seen as having great potential for advancing the effectiveness of social and foreign assistance, e-payments can increase efficiency in a variety of ways. Four case studies take a closer look at programs in Haiti, Kenya, The Philippines and Uganda.
In recent years, digitizing and delivering Government to Person social payments into individual recipients’ bank accounts has been considered a potential gateway to financially include significant numbers of poor people. A five-year project in Mexico is analyzed to help answer key questions.
Mobisol combines solar energy with innovative mobile technology and microfinance. Their lease-to-own solar home systems are paid off through a microfinance installment plan via the customer’s mobile phones – making them affordable for households with low incomes in developing countries.
Theory indicates that G2P payments can be a gateway to financial inclusion, but behavior on the ground suggests that receiving social cash transfers electronically has not influenced recipients to become e-payment users in general.
A number of business model innovations that link poor households to better basic services are becoming economically viable through advances in digital payments infrastructure. This blog discusses three lessons on how to advance the nascent field of "Digital Finance Plus".
A new CGAP focus note takes a look at the ways digital financial services can help overcome the traditional "pain points" - including higher cost and risk - of serving smallholder farmers with formal financial services.