Publications

BANKING THE NEXT BILLION: DIGITAL FINANCIAL INCLUSION IN ACTION

30 Jan 2020
  • Ronit Ghose, CFA
  • Rahul Bajaj, CFA
  • Mohammed Khallouf, CFA
  • Ashwin Shirvaikar, CFA
  • Robert Annibale
  • Jorge Rubio Nava

If you live in the developed world, have a think about the last time you went to your local bank branch. Did you feel fortunate to be there? Did you only really get excited if you were able to get in and out of the building in five minutes flat? How about making a payment online? That’s usually an infinitely better experience and time saver versus going to an actual […]

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MAKING DATA WORK FOR THE POOR: NEW APPROACHES TO DATA PROTECTION AND PRIVACY

23 Jan 2020
  • David Medine
  • Gayatri Murthy

With the rise of digital technologies, the use of personal data by private companies is growing rapidly. But how do we know they will use this data responsibly and in consumers’ best interests? In emerging and developing markets, the question is particularly acute because the predominant model rests upon obtaining consumer consent to use their data. Informed consent, however, is unrealistic given the complexity of disclosures and particularly so in […]

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DIGITAL ID AND THE DATA PROTECTION CHALLENGE: PRACTITIONER’S NOTE

23 Jan 2020

    Inclusive and robust identification systems can offer many concrete benefits for governments, as well as individuals, private companies, and development partners. By providing a secure and accurate way of identifying the population, these systems can facilitate the delivery of a wide variety of services that expand financial inclusion, boost economic opportunities, improve access to social safety nets, increase gender equality, and more. In addition to these developmental uses, evidence suggests […]

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    EXPLORING THE LINKS BETWEEN FINANCE, TECHNOLOGY AND GROWTH IN KENYA

    23 Jan 2020
    • Paul Gubbins

    Starting with microcredit in the late 1980s, there has been a growing movement of multilateral institutions, private foundations, non-profits, corporations and governments that aims to provide formal financial services to low-income market segments around the world. This movement is largely motivated by the conviction that access to financial services reduces poverty. Over time, the focus of this movement has shifted from microcredit towards encouraging access to a wider, more comprehensive […]

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    U.S. FINANCIAL HEALTH PULSE: 2019 TRENDS REPORT

    23 Jan 2020
    • Beth Brockland
    • Thea Garon
    • Andrew Dunn
    • Eric Wilson
    • Necati Celik

    The Financial Health Network, the nation’s authority on financial health, in partnership with Flourish, MetLife Foundation, and AARP, has released the U.S. Financial Health Pulse 2019 Trends Report.  Now in its second year, this year-over-year analysis of peoples’ financial health found that despite a strong economy, only 29% of people in the U.S. are financially healthy.  As signs of a looming economic downturn increase, this indicates that the majority of […]

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    WORLD ECONOMIC OUTLOOK UPDATE, JANUARY 2020: TENTATIVE STABILIZATION, SLUGGISH RECOVERY?

    23 Jan 2020

      World Economic Outlook reports are surveys by the IMF staff usually published twice a year. They present IMF staff economists’ analyses of global economic developments during the near and medium term. Chapters give an overview as well as more detailed analysis of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. As of January 2020, global […]

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      CGAP FUNDER SURVEY 2018

      22 Jan 2020
      • Olga Tomilova
      • Edlira Dashi

      International funders committed an estimated US$47 billion in 2018 for financial inclusion, a 12 percent increase from the prior year, signaling that financial inclusion plays a vital role as an enabler of many Sustainable Development Goals (SDGs). A third of international funders responding to the CGAP Funder Survey have been purposefully aligning their financial inclusion efforts to the achievement of the SDGs. Many international funders also are committing to help close the […]

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      FINANCIAL LITERACY AROUND THE WORLD: INSIGHTS FROM THE STANDARD & POOR’S RATINGS SERVICES GLOBAL FINANCIAL LITERACY SURVEY

      17 Jan 2020
      • Leora Klapper
      • Annamaria Lusardi
      • Peter van Oudheusden

      Without an understanding of basic financial concepts, people are not well equipped to make decisions related to financial management. People who are financially literate have the ability to make informed financial choices regarding saving, investing, borrowing, and more. Financial knowledge is especially important in times where increasingly complex financial products are easily available to a wide range of the population. For example, with governments in many countries pushing to boost […]

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      NONBANK E-MONEY ISSUERS VS. PAYMENTS BANKS: HOW DO THEY COMPARE?

      08 Jan 2020
      • Denise Dias
      • Stefan Staschen

      A key regulatory enabler for building inclusive digital financial services is creating a special licensing window for electronic money issuers (EMIs). Because EMIs have a lower risk profile than banks, they require less regulatory oversight. A special licensing category that recognizes that their role is to store customer funds converted into e-money held in basic transaction accounts, not to extend credit based on such funds, can open the DFS market […]

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      PATHWAYS TO PROSPERITY: RURAL AND AGRICULTURAL FINANCE STATE OF THE SECTOR REPORT

      17 Dec 2019
      • Matt Shakhovskoy
      • Clara Colina
      • Mikael Clason Höök

      How has the rural and agricultural finance sector evolved over the past three years? The last three years have seen a rapid acceleration in technology-driven innovation, which has powered changes in existing rural finance models, enabled providers to develop new service delivery models, and facilitated the bundling of services in new ways. We have also seen a more diverse influx of service and capital providers, which has reshaped the market. […]

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