Innovation

The next frontier in Asia payments

Despite the near-term disruption to revenue growth related to the COVID-19 pandemic, Asia’s payments sector remains positioned for long-term success and is poised for a swift return to healthy growth.

Bill & Melinda Gates Foundation: The Impact of Mobile Money on Poverty Toolkit

Mobile money accounts have spread widely in select regions of the developing world, particularly in Sub-Saharan Africa. This Research Brief focuses on the individual and household impacts of mobile money.

Managing Liquidity and Cash-Out for Social Payments During COVID-19

Co-hosted by the Better Than Cash Alliance and CGAP, this webinar captured lessons on delivering vital G2P payments in a way that expands choice while managing liquidity and cash-out in innovative ways.

Impact of demonetization on diffusion of mobile payment service in India: Antecedents of behavioral intention and adoption using extended UTAUT model

The paper shows that behavioral intention, demonetization and facilitating conditions have a positive impact on the adoption of mobile payment services in India.

BSP Holds Digital Payments Leaders Summit as the Country Moves Closer to a Cash-lite Economy

In Bangladesh, key public and private sector actors commit to scaling digital wages across garment sector

bangladesh

Connection between financial innovation and inclusion

This paper explores the nexus between financial inclusion and financial innovation by looking at data from 6 South Asian countries - including 4 Alliance members.

Fostering digital payments and fintech development 

This ADBI working paper discusses measures to foster digital financial innovation in Indonesia.

Near-term impact of India’s demonetization

New Harvard University paper looks at the impact of demonetization on the Indian economy. It finds that, in the near-term, the event led to “temporary reductions in employment, output, and credit.” But “there may be potential longer-term benefits” in several areas, including tax collection.

Strategies for fintechs in the Pacific 

New IMF paper outlines policy strategies to help promote financial inclusion through fintechs in the Pacific Island countries. It calls on governments to close regulatory gaps and enhance digital and financial literacy while urging fintechs to take a regional approach to overcome scalability constraints.

Distributed Ledger Technology and Digital Identity: Prospects and Pitfalls Ahead

Blockchain Series: Blog 4…

Fintech and Financial Inclusion: Lessons Learned

CGAP worked with 18 fintech pilots across Africa and Asia. This set of case studies describes for each pilot the service that was piloted, the nature of its testing, and emerging lessons. Th…

In South-East Asia, Grab and Gojek bring banking to the masses

Why should retailers shift to digital payments? An average digital payments user of Grab, a ride-hailing service, makes twice as many transactions than those who use cash and is 30% more lik…

Interoperability of Digital Finance in Bangladesh: Challenges and Taking-Off Options

The paper suggests a pragmatic approach for Bangladesh to financially include the underserved through Digital financial services (DFS) by promoting interoperability.

Fintech for promoting financial inclusion in Vietnam: fact findings and policy implications

This paper analyzes the legal framework and actual operations of fintech in Vietnam, assesses the opportunities and challenges and proposes recommendations for better application of fintech for promoting financial inclusion.

Truly mobile money – ride-sharing and mobile payments in South and Southeast Asia

Transportation Series: Blog 4…

Poverty and Migration in the Digital Age: Experimental Evidence on Mobile Banking in Bangladesh

This study traces the impact of mobile money transfers on rural poverty. Migrants actively using the technology increased remittances sent by 30% in value.

Fintech for Financial Inclusion: A Framework for Digital Financial Transformation-A Report to the Alliance for Financial Inclusion (AFI)

The paper outlines potential for growth for FinTech for financial inclusion while emphasising on the need for regulatory approaches , citing some successful cases from India , Kenya and China.

Financial inclusion, a driver of state building in India and Mexico?

This article situates latest trends within the evolution of Indian and Mexican social policies and discusses how on one hand financial inclusion policies allow vulnerable populations to access new rights while resulting in new ways of controlling consumer behavior.

Alibaba Affiliate Ant Financial Seeks Up to $5 Billion in Funding