Our Approach
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"Technology is rapidly changing the way people can get basic financial services. However, even with the widespread availability and the promise of particular technologies, there is no guarantee that financial services will reach poor people. To ensure all poor people benefit from technology-enabled financial access, we need appropriate regulation and business models that can go to scale." - Steve Rasmussen, Program Manager.
The CGAP Technology Program is co-funded by the Bill & Melinda Gates Foundation and the UK Department for International Development (DFID).
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Project Profiles
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To date CGAP has helped shape 14 projects with microfinance institutions, banks, mobile network operators, and payment system providers targeting millions of poor unbanked people in Colombia, Ecuador, India, Kenya, Maldives, Mongolia, Pakistan, Philippines, and South Africa.
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Technology Project Profiles:
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New CGAP research shows branchless banking is cheaper than traditional banking.
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News and Events
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Financial Inclusion is the Buzz at Dakar Mobile Banking Summit: Policymakers, businesses focus on new technologies to reach poor people with financial services in Francophone Africa.
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2010 Mobile Money Summit: CGAP invites you to attend this exciting event, which will stimulate discussion and help build collaborations for all mobile money stakeholders globally, regionally, and locally. The conference agenda includes new topics and issues never before presented (Rio de Janeiro, May 25-26, 2010).
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Boost for mobile banking for the unbanked as CGAP, DFID announce new partnership: CGAP announces a new partnership with the UK Department for International Development (DFID) to expand ongoing global efforts to use information and communication technologies (ICT), especially mobile phones, to increase access to basic financial services for the poor. In addition to a 2006 grant from the Bill & Melinda Gates Foundation and CGAP funding, DFID will provide GBP 8 million to the CGAP Technology Program.
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Branchless Banking
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Branchless banking is the delivery of financial services outside conventional bank branches using information and communications technologies and nonbank retail agents, for example, over card-based networks or with mobile phones.
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Information Systems
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Strong information systems (IS) are the foundation of any financial institution. Yet many microfinance institutions struggle with their systems resulting in inefficiencies which limit their ability to grow and eventually take advantage of other technologies, such as branchless banking.
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