Showing results for "savings"
Access to reliable water and improved sanitation services is a challenge to many peri-urban areas in Ghana, with considerable time required to collect water. Sinapi Aba Savings & Loans (SASL) Company offers a WASH loan to improve access to water and sanitation for its clients. MSC designed a comprehensive training-of-trainers manual and WASH SMEs learning […]
National Payment Corporation of India (NPCI) launched Rupay – India’s own payment gateway network. ‘RuPay’ is a low-cost alternative to other payment gateways, such as MasterCard and VISA. Banks pay lower transaction processing fees as transactions are performed on the domestic payment network. This makes RuPay a viable digital payment solution for the rural, low, and middle-income segments in India.
MSC helped to set up a “Financial Inclusion Lab” that identifies, mentors and brings to scale early-stage FinTech startups. These startups address the issues faced by the underserved communities by developing innovative and technology-enabled solutions. So far, over 40 startups have been supported, impacting over a million customer, and 1000+MSMEs. Four major social investors fund the initiative with committed funding of USD 9.5 mn. The project demonstrates MSC’s ability to structure and implement multi-stakeholder projects, especially those involving the investors and service providers (startups), to achieve a developmental outcome.
While leveraging social media as a support tool could be a cheaper and more efficient way that takes advantage of technology to support agents, it does not work for agents who do not have smartphones.
Inconvenience, high tariffs, system downtime, low commissions, slow speed, poor service quality, inaccuracy, lack of an underlying compelling need and technology instability are few challenges for mobile money success.
The blog highlights the Indian Supreme Court’s latest Aadhaar verdict which strikes the right balance between delivery of benefits and privacy