Showing results for "inclusive fintech"
Limited access to financial services often keeps youth from realizing their potential. This blog explains how technology and innovative solutions can break down these barriers to make access to finance a reality for young entrepreneurs.
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.
India stands at the forefront of developing AI capabilities in payment services—FSPs in India have invested more than USD 3.2 billion to create AI-driven solutions. This white paper introduces NPCI’s “Conversational Payments on UPI” solution and discusses how it can provide users with a seamless payment experience. We also explore factors that could influence the adoption of conversational payments in India and opportunities for financial service providers to offer conversational payments-based solutions.
Finequs is a FinTech startup with a vision to deepen access to financial products, such as loans, credit cards, and other financial products, to low- and middle-income segments. It seeks to democratize the lead generation process for financial products through merchant channels. It uses the retail merchant channel to generate leads for financial products on behalf of formal financial institutions. It intends to make access to financial products as simple and convenient as going to the local market for grocery shopping. In this blog, you will discover how Finequs strengthens this merchant channel and motivates it to add more financial services to its offerings.
MSC conducted a study that delves into women’s experiences as users of online lending platforms in Indonesia. We ran the study in collaboration with the Department of Criminology of the University of Indonesia, with support from Indonesia’s Ministry of Women Empowerment and Child Protection (MoWECP). In the study, we used a gender lens to examine the risks in online lending platforms unique to women. The study findings led us to distill recommendations to improve the future of online consumer protection in Indonesia.
Parametric insurance solutions can offer smallholder farmers in developing countries an accessible, reliable, and affordable way to protect themselves. A multi-stakeholder approach is needed to make these solutions work for smallholder farmers, supported by catalytic capital for their development and scale-up.