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CGAP works to make financial services meet the needs of poor people
The Consultative Group to Assist the Poor is an independent think tank dedicated to financial inclusion. Through our work, we seek to empower poor people, especially women, to capture opportunities and build resilience through financial services. We test, learn and develop innovative solutions through practical research and active engagement with our partners on building responsible and inclusive financial systems that help people move out of poverty, protect their gains and advance global development goals.
Digital credit is emerging in West Africa. Despite early reports of low default rates, consumer protection policies will be key to avoiding problems witnessed in East Africa.
Here are four things the development community can do to improve cybersecurity as digital financial services expand in developing countries.
A special licensing category for nonbank e-money issuers is considered a key regulatory enabler for inclusive digital financial services. This Technical Note compares the EMI license with the payments bank license that India, Mexico and Nigeria have created.
In addition to the behavior of market actors, regulation can have a substantial impact on the dynamics of competition in digital financial services markets. CGAP examines some regulatory levers that policy makers can deploy to promote more competition in emerging economies.
