Financial inclusion, as defined by the World Bank, is when “individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way” (World Bank, 2017).
The Financial Sector Deepening Trust (FSDT) combined forces with leading East African financial services provider Equity Bank to expand the bank’s retail agency banking network in Tanzania. This would make more financial access points available to people being under-served because of their distance away from bank branches, their poverty or marginalisation. It would make it […]
The Financial Sector Deepening Trust (FSDT) funded a near five-year programme to bring basic financial services in the form of community-based savings groups (CBSGs) to some of Tanzania’s poorest people in the southern regions of Lindi and Mtwara.
Since January 1949, when a U.S. President Truman speech ushered in the modern era of international development, successive generations of theorists and practitioners have wrestled to determine the best means to deliver international development assistance to the world’s poor.
Interoperable standards, a set of agreed rules and standards facilitating customer transactions among service providers, has been a focus area in the mobile financial services industry for several years.