SIGNATORY SERIES | FINANCIAL EDUCATION FOR RESPONSIBLE DIGITAL INCLUSION

Shea Flynn, Camille Parker, and Allison Ryder
07 Feb 2020

Financial inclusion has garnered broad support across the public and private sectors, with a range of actors developing innovative technologies and programs to help consumers in emerging markets gain access to financial products and services. However, with insufficient financial education, literacy and capability, vulnerable populations are likely to encounter over-indebtedness, fraud, or simply choose the wrong products for their financial needs.  Financial education has the power to build trust and […]

UGANDA COUNTRY ASSESSMENT ON AFFORDABLE AND ACCESSIBLE REMITTANCES FOR FORCIBLY DISPLACED PERSONS AND HOST COMMUNITIES

20 Jun 2018

Although the market for providing remittance services to refugees is large, financial service providers have found it difficult to develop a business case for targeting them. The cost of reaching and ensuring liquidity at their remote locations, uncertainty regarding acceptable identification, and limited information about refugees’ needs and abilities have limited the business case, leaving them without access to convenient, low-cost remittance services. As such, many refugees depend on expensive, […]

Fraud in Mobile Financial Services: Protecting Consumers, Providers, and the System

09 Sep 2017

This Brief highlights how fraud is impacting mobile money providers, agents, and consumers, as well as efforts to reduce risks and vulnerabilities to fraud in mobile money and related services. While it is not possible to remove fraud entirely from any service—mobile money included—the examples addressed here show that fraud is a major issue in several key markets for consumers and agents, and that there are simple steps providers can […]

Building a Secure and Inclusive Global Financial Ecosystem

08 Sep 2017

The 2017 Brookings Financial and Digital Inclusion Project (FDIP) report evaluates access to and usage of affordable financial services by underserved people across 26 geographically, politically, and economically diverse countries. The report assesses these countries’ financial inclusion ecosystems based on four dimensions of financial inclusion: country commitment, mobile capacity, regulatory environment, and adoption of selected traditional and digital financial services.  The report further examines key developments in the global financial inclusion landscape, highlights selected financial […]

Predictive modelling will advance financial inclusion as the rural business case improves: a case study in Uganda

Christian Ruckteschler
30 Jan 2018

By Christian Ruckteschler Introduction A key aspect of responsible finance is inclusion: ensuring that the financial system works not only for the wealthy and urban but for all members of society. Yet achieving financial inclusion in the poorest and most remote rural areas remains a difficult feat. The lack of economic viability keeps banks and other financial institutions out of remote areas, and even mobile money agents are currently far and […]

Going rural with digital financial services

Karima Wardak
05 May 2015

When a family member first told Mary that she could use her mobile phone to store her money, she felt that she had finally found a safe place to keep the earnings from her vegetable sales.  Mary soon experienced, however, that the journey to register and manage an account to be less simple. At a four-day event in Uganda, UNCDF brought together 150 digital financial service providers from 20 countries in […]