Financial Inclusion in Action

Read, Share, and Discuss

Can Instant Messenger Disrupt the Digital Payments Market in India?

Header3c

What’s up with WhatsApp? Have you ever wondered about the idea of sending anything other than photos, emojis, videos and web links through popular instant messenger (IM) apps to your friends? Have you ever wanted to send money to a friend instantly when she reminds you about the bill that you were supposed to split,… Continue reading

Democratising Financial Services

Header3c

Sheetal, a 41 year-old widow, is a vegetable hawker and lives by herself in Mumbai. She wanted to expand her business by adding more stock and buying a new wheel-cart. She has a bank account, opened under the Prime Minister’s Jan Dhan Yojana. She could not avail credit from her bank for lack of any… Continue reading

Embracing A Market-led Approach To Developing Product Concepts

Header3c

According to the World Bank’s Global Financial Inclusion Database, more than 2.5 billion adults do not have an account at a financial institution. Among the many factors that are responsible for this high level of financial exclusion, poor design of financial products is key. Why, then, is it so difficult to design financial services for… Continue reading

“Clients Should Be At The Centre Of Your Business” – So What’s New?

Header3c

“This may seem simple, but you need to give customers what they want, not what you think they want. And, if you do this, people will keep coming back.” – John llhan, Crazy John’s mobile phone retail chain. "Investing in quality talent, and ensuring they have the skills, training and tools that enable them to… Continue reading

Understanding Complex Human Financial Behaviour: Alternative Approaches

Header3c

As we discussed in our earlier blog post, MetaMon project was an ambitious one. In the project we aspired to decipher the inherent thinking process that drives financial decision making of the poor. In MicroSave’s earlier research around financial lives, we realised that conversations about money often turn philosophical. This is because they revolve around… Continue reading