Mobile payments took hold over a decade ago, but Latin America didn't experience the traction seen elsewhere. Since then, two emerging business models for digital payments in Colombia and Haiti achieved particular success. What did they get right?
Gender norms create a financial system where women do not have the same access and opportunities as men. If funders want to go beyond closing the gender gap in access and build more equitable financial systems, they need to address them.
As big tech platforms enter the financial services space, they could potentially undermine competition in ways that set back financial inclusion. How can regulators preserve healthy competition and harness the potential of platform-based finance?
CGAP has identified dozens of consumer risks facing digital financial services users around the world, and emerging evidence suggests women are more at risk than men. Here are some ways to mitigate these risks for women.
COVID-19 has led millions of women to open accounts, spurred investments in digital infrastructure, and built momentum around women’s financial inclusion. By taking the right steps, we can push women’s financial inclusion further than ever before.
Gender transformative approaches are good for business. How can companies accelerate their adoption? Insights from recent CGAP and IDH – The Sustainable Trade Initiative events point to a number of answers.
As big techs and other platforms ramp up their financial service offerings in emerging markets, regulators can look at developments in advanced economies to get a glimpse into the data protection issues they will need to consider.
Between the global big techs and the local unicorns, platforms will soon be a major force in financial services if they are not already. Here are the three main sets of challenges they pose for regulators.
Digitization can benefit microfinance institutions (MFIs), but it also creates regulatory complexity. Losing sight of the regulatory environment can lead to costly mistakes. Here are three regulatory aspects of digitization for MFIs to consider.
The reverberating effects of COVID-19 continue to pose challenges for segments of the microfinance sector. Here are three areas where a coordinated response among microfinance stakeholders will be important going forward.
Rural women have less access than men to the labor they need to power their farms. This drives a gender gap in agricultural output and constrains women's incomes. Financial services could be part of the solution.
Microfinance institutions are often unprepared to manage the changes that come with digitization. The good news is that through effective change management, they can digitize successfully and generate value for themselves and their customers.