Financial Inclusion Tracker

FINANCIAL INCLUSION TRACKERTM

latest news on financial inclusion

FINANCIAL INCLUSION TRACKER – JANUARY 2016 EDITION

This issue of the PYMNTS Financial Inclusion TrackerTM suggests that demand for services outstrips the supply of those who are capable of delivering services to meet that demand.

Index scoring is measured across three dimensions

– “Supply” – Services and features provided as part of the mobile money solution
– “Demand”- Customer adoption and penetration as a percent of total country population
– “Geographies” – The number of countries served by the provider

What Winners Did Differently

P2P is offered by 87% of providers demonstrating the importance of this key feature in mobile money offerings.
– Four of the top 10 companies surveyed, exclusively offer their services in Africa.
– Asia accounts for 32 percent of global mobile money accounts.
– Kenya is the leader with the highest penetration reaching almost 60% of people above 15 years old.

ABOUT THE TRACKER

The PYMNTS.com Financial Inclusion TrackerTM, is designed provide governments, financial institutions, telecoms, retailers, and others interested in understanding the financial inclusion landscape, an organizing framework for evaluating the many players that provide digital financial inclusion services to underbanked and unbanked populations around the world.

2015 TRACKER LIBRARY

FINANCIAL INCLUSION TRACKER – SEPTEMBER 2015 EDITION

For this edition, we added 5 new companies and updated an additional 5, making the total number of providers covered 82. The new additions are: Mukuru, MyPay, PayBill, Xpress Money and YellowPepper. Profiles for MoneyGram, Western Union and WorldRemit were updated as they expanded to newer geographies. Additionally, mKesh added inbound remittance, which affected its score, and Tigo Money’s profile was also updated.

FINANCIAL INCLUSION TRACKER – AUGUST 2015 EDITION

For this edition, we added 8 new companies and updated an additional 2, making the total number of providers covered 77. The new additions are: Azimo, Boss Revolution by IDT Corporation, BitX, MVola by Telma, Tigo ,Tu Dinero Móvil by Mobile Financial Services, WorldRemit and Transfast. The two updated profiles are of Nettcash and Airtel Money.

FINANCIAL INCLUSION TRACKER – JULY 2015 EDITION

The July edition of the Financial Inclusion Tracker™ highlights:

  • P2P payments and bill payments continue to score higher than savings and rewards and coupons, reflecting a focus on delivering the basics of financial services to the underbanked and unbanked around the world.
  • Asia and Africa are currently experiencing the most mobile payments activity and undergoing the most growth, with 32 and 30 companies providing at least one service to the region, respectively.
  • Changes in the telco sector impacted mobile payments in Africa in both positive and negative ways this month with a number of acquisitions and government regulations coming into play.
  • Eastern Europe, and especially Romania, came into focus as Western Union and Mastercard teamed up to bring remittances to the country – especially important as 16.5 percent of Romania’s population lives abroad.
  • “Money Out” and “Bill Pay” remain atop the list of services provided by the most number of companies, but “cash in” agents are not far behind continuing to demonstrate the need for multiple pieces of functionality to get financial inclusion off the ground

FINANCIAL INCLUSION TRACKER – JUNE 2015 EDITION

With the PYMNTS.com’s Financial Inclusion TrackerTM, we have created a framework for evaluating the many players who provide digital financial inclusion services to underbanked and unbanked populations around the world.We’ve done that by segmenting solution components into the 5 broad tranches that we believe represent essential elements of financial inclusion. We’ve evaluated, to start, 58 service providers and assessed the extent to which they are delivering on these elements, taking into consideration their depth of focus and the geographies they serve.
Each service provider was scored on that basis, and scores range from a low of 17 to a high of 89 (out of 100). This month, our median score is a 64 – which suggests that, overall, we have a long way to go. So, I hope you’ll take a look inside this month’s edition, where we have profiled our Top 10 top scorers and teased out some of the “best practices” that got them so highly ranked. Our hope is that getting a sense of these key findings helps everyone get better and raise their individual scoring and our collective scoring as an ecosystem. We have also included highlights of recent financial inclusion news and studies to keep you on top of new product launches, partnerships, legislation, and growth of markets around the world.

FINANCIAL INCLUSION TRACKER – MAY 2015 EDITION

The PYMNTS.com Financial Inclusion TrackerTM, is designed to provide governments, financial institutions, telecoms, retailers, and others interested in understanding the financial inclusion landscape, an organizing framework for evaluating the many players that provide digital financial inclusion services to underbanked and unbanked populations around the world.

We have segmented solution components into the 5 broad tranches that we represent essential elements of financial inclusion. We‘ve evaluated, to start, 50 service providers and assessed the extent to which they are delivering on these elements, taking into consideration their depth of focus and the geographies they serve. Each service provider that ranges from a low of 17 to a high of 89 (out of 100). The median score is a 64 – which suggest that overall, we have a long way to go. And we have provided an overview of the 10 top scorers so that readers can better understand what they are doing to go above and beyond as well as key findings and important insights in better understanding who‘s doing what and where we find success and – to use our word – the ignition that has seemed so elusive in this area of financial services.

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