Banking agents, or small shops contracted by banks to process client transactions, are laying the foundation for the digital transformation of the financial sector. They have also become a safer channel for clients to get cash during the pandemic. Paul Volcker, the former chairman of the U.S. Federal Reserve, once berated the finance industry for leading the world into … [Read more...] about Banking Agents, On the Frontlines of Financial Inclusion
COVID-19 has stressed the need to accelerate financial inclusion through the digitization of the silver economy, that which includes older adults. This is a population segment that is increasingly tech-savvy and highly involved in business and investment. The lockdown and social distancing measures required by the COVID-19 crisis present an opportunity to accelerate the … [Read more...] about How to Turn the Pandemic into an Opportunity for the Silver Economy
Latin America is still the leading region with regard to regulations and infrastructure that support financial inclusion. How can this opportunity be exploited to achieve more ambitious results? … [Read more...] about Four Success Stories In The Battle For Financial Inclusion
The Global Microscope on Financial Inclusion is a wealth of information on Latin America and the Caribbean. It is also an insightful road-map for smart decision-making in the year ahead. … [Read more...] about Global Microscope 2019: What Can Decision Makers Learn From It?
Traditional credit screening approaches are based on qualifications that many low-income applicants do not have: credit histories, collateral, and verifiable income streams. What if these applicants could be assessed differently? … [Read more...] about Does Access to Credit Make People Better or Worse Off?