Financial Inclusion in Action

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Bangladesh Pioneering Unique Models & Innovations for Agent Networks

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Earlier this year, The Helix Institute of Digital Finance conducted a nationally representative survey of 2,800 mobile money agents in Bangladesh, coupled with qualitative interviews across the country.The 2014 Bangladesh Country Report provides insights into some of the unique models and innovative techniques players in this country have designed to develop an agent network of approximately 160,000 agents in… Continue reading

Disruption is Simmering in Kenya

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Something disruptive has been simmering for some time now in Kenya’s rapidly evolving digital finance market. M-PESA the lauded and the most successful mobile money offering in the world has started to feel it too. At the core of the disruption is the “Thin-SIM”, a decade old technological innovation from China.  M-PESA – The Benchmark… Continue reading

Mobile Money and Microfinance: A Match Made in Heaven or Marriage Gone Awry?

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Use of mobile money in microfinance seems to be an idea whose time has come. It has also figured in our publications as potentially the next big idea in financial inclusion (see Can MNOs Lead the Way for Banking the Excluded 1 and 2 as well as Mobile Money – Influencers of Success and Speculation on… Continue reading

Communication – The Achilles Heel of Direct Benefit Transfers – Part II

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We strongly believe that an integrated communication approach should be the starting point of large Direct Benefit Transfer (DBT) programmes. It certainly helps to be as clear and succinct as possible to manage expectations. In the previous blog we highlighted how poor and often contradictory communication is leading to mass confusion and apprehension amongst beneficiaries.… Continue reading

Draft Branchless Banking Regulations in Indonesia – A Review

The Government of Indonesia has been proactive in its efforts to extend formal financial access to the unbanked and under-banked sections of the society. The release of draft regulations on branchless financial services for financial inclusion by Otoritas Jasa Keuangan (OJK – the financial services authority that regulates and supervises financial services activities in banking,… Continue reading

Building and Sustaining Agent Networks – Evidence from Indonesia

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Indonesia is the world's fourth most populous democracy with a population of 238 million people. An archipelago with more than 17,500 islands, the country is rich in cultural, ethnic, religious and linguistic diversity. However, access to formal financial products/services still remains elusive for most people. According to World Bank estimates only 20% of Indonesians (above 15 years)… Continue reading

Highlights from The Helix’s Agent Network Accelerator (ANA) Survey of Tanzania

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The Helix Institute of Digital Finance’s second Agent Network Accelerator (ANA) report based on a nationally representative survey of 2,052 agent networks in Tanzania, coupled with extensive qualitative interviews across the country, provides extraordinary insights into agent networks in Tanzania. The survey includes all providers offering agent banking or mobile money services, taking special interest in the country’s three… Continue reading

Agent Network Evolution: From License to Live

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When the champagne bottle is popped for the successful launch of a digital financial service (mobile money/ agent banking) agent network, nobody – hopefully, with the exception of the agent network manager (ANM) – seems to appreciate the efforts behind ensuring the product launch is premised on an immediate start in transactions.  This is paramount… Continue reading

A Government to Person (G2P) Payment Delivery Agent in India: At Heart and In Practice

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This blog highlights the tasks of a CSP and the stages involved to make G2P payment delivery to the last mile – right from their (CSP) recruitment to final payment. It also suggests a few improvements recommended by CSPs. Aalia begum and Aasia begum have been working as Customer Service Providers (CSPs) for the past… Continue reading