Showing results for "savings"
This blog highlights the key drivers of gender gaps in women’s access to digital financial services and their use. It shares how the adoption of DFS among women can catalyze the mitigation of this gender gap. It uses insights from a first-time DFS user’s journey to highlight how to understand and respond better to women’s exclusion.
Finance Minister Nirmala Sitharaman, in her budget speech 2022, mentioned some significant reforms towards government procurement that have happened over the past few months. These are welcome developments in a landscape marked by State’s weak budget execution capacities. However, there needs to be a stronger push towards adopting public finance management reforms to enable the […]
MSC collaborated with the Reserve Bank Innovation Hub (RBIH) to publish a whitepaper on “Gender and Finance in India” for its Swanari program. The paper discusses the current landscape of gender and finance in India. It highlights the critical gender gaps in women’s access to and usage of financial services. The whitepaper also shares some good practices and core enablers for closing the gender gap in financial inclusion.
Every startup success story shows up alongside 10 failures; still, entrepreneurship is an attractive career proposition for our youth. In more than 90% of cases, the founders would fail to repay these loans, leaving meaningful relationships with their trusted ones fractured and damaged. Is this a price worth paying? This blog discusses an unfashionable perspective on starting up and shares our experience accelerating startups in Asia while orienting them toward success.
The readymade garments (RMG) industry has been a boon to Bangladesh’s economy by earning more than 10% of GDP and contributing to 84% of the country’s export earnings. Though most RMG workers started receiving wages through MFS wallets during the COVID pandemic, many do not have a formal bank account. Consequently, they cannot access a bouquet of financial products, such as credit, savings, insurance, and so on. Financial providers barely translate these needs into products and services that can serve RMG workers. However, they can cater to an untapped segment if they adopt an innovative design approach. Partnership with social enterprises that offer services to RMG workers can play a pivotal role here.
Despite remarkable progress toward digital financial inclusion, cash still accounts for 90% of transactions in Vietnam. The onset of the COVID-19 pandemic saw restricted mobility, concerns over cash exchange, and demand for digital saving instruments. This video shows a glimpse of how people embraced digital savings and payments channels during the pandemic.