Showing results for "savings"
While access to bank accounts has increased significantly in India, gaps remain in financial inclusion, especially with regard to the usage of these accounts, a new study by MicroSave Consulting has revealed. Read the article to learn more.
Our blog sheds light on the hurdles Indonesian youth encounter in accessing finance and examines how the digital capabilities of different youth personas impact their financial behavior.
This blog discusses hidden pricing tactics that hinder digital financial services (DFS) adoption by low- and moderate-income (LMI) users. It also emphasizes why financial regulatory authorities must promote transparency and accountability in financial services.
Empowering rural women in Mali through savings groups. We are excited to share a compelling case study that sheds light on the transformative effects of savings groups on rural women in Mali. Their resilience and determination inspire us! Discover the impact on economic empowerment. Learn how these groups drive financial inclusion. Explore the data and success stories in this case study.
With the MetLife Foundation’s support, MSC has designed a global signature program for female entrepreneurs in India, Nepal, and Vietnam. The program’s focus areas are to build better livelihoods and income for these entrepreneurs, improve their financial health by enhancing their digital footprints, provide access to various financial services, and improve market linkage. MSC developed Sangini Konect, a platform under the program for women-led businesses in India. The platform supports them through various learning tools to grow their businesses and empowers them to improve their financial and digital capabilities.
UPI broke all records in August 2023. It observed 10.586 billion transactions that amounted to INR 15 trillion (~USD 189.64 billion). It has become the preferred payment choice for digitally-savvy Indians. However, it cannot reach the feature phone users. Its penetration is limited to urban segments with high usage of smartphones and mobile Internet. India is home to 400 million feature phone users. These users have limited avenues for digital transactions. They largely depend on physical access points for financial transactions. This blog discusses an innovative offline payment solution, UPI 123Pay, and its immense potential to bring digital payment convenience to the underserved segment.