CFI Blog

Why is Financial Inclusion in Nigeria Lagging Compared to its African Peers?

Why is Financial Inclusion in Nigeria Lagging Compared to its African Peers

The provision of inexpensive and accessible financial services to all people and businesses, regardless of their level of income or geography, is known as financial inclusion. Despite being one of the biggest economies in Africa, Nigeria has lagged behind its counterparts in terms of financial inclusion. This article will examine the reasons why Nigeria is … Read more

Myanmar’s First eCommerce Platform Supports the Transition from Cash to Electronic

Myanmar’s First eCommerce Platform Supports the Transition from Cash to Electronic

Being a developing economy, Myanmar has one of the most cash-based business economic systems in the entire world. Myanmar was late adopting plastic money, opening credit and debit cards in 1994. These services were primarily limited to private banks and later expanded into public banks. In 2003, a financial crisis in Myanmar prompted the banks … Read more

New Research on Barriers to Basic Savings Accounts is a Cautionary Tale for India’s Financial Inclusion Push

new research on barriers to basic savings accounts is a cautionary tale for indias financial inclusion push

In today’s world, financial inclusion is very much needed; with technological advancements, it is hard to imagine that around 65% of the world’s population is unbanked. If an individual is not a part of any financial institution, it becomes very hard for that person to grow and prosper. A bank account can help you store … Read more

Financial Inclusion and Immigration in Europe: Disrupting Identity Norms

financial inclusion and immigration in europe disrupting identity norms

As global tensions rise, a major chunk of the global population starts immigrating, to escape extreme poverty and wartime emergencies. Most of these refugees are escaping to Europe in hope of stability and a better life. Some are fleeing from persecution, religious and political. There is mounting pressure from the international community to grant asylum … Read more

Client Protection Law and Regulation in the Microfinance Industry

Client Protection Law and Regulation in the Microfinance Industry

The microfinance industry specifically caters to the low-income section, mainly self-employed individuals and consumers. Keeping in mind that the target client base lacks access and the knowledge to properly use financial tools, laws, and policies regulating, operations within the microfinance industry should strive to protect client interests. This can help avoid over-indebtedness that ultimately adversely … Read more

Money Management: What’s a Bank Account For?

money management whats a bank account for

With Mobile banking disrupting the financial industry, traditional banks have also pivoted their course and have started providing mobile banking facilities. Money management is something that every individual earning money needs to understand. With the right strategy, you can control your Spending and follow the budget you have prepared. You can earn money by investing … Read more

Financial Inclusion Week – Final Recap Post

financial inclusion week final recap post

This venture has a history. Under the supervision of the United Nations, a survey was conducted in Indonesia. The survey target was mainly women and micro and medium-sized businesses run by women. The main objective of this entire survey is to gauge the conditions and impact the Covid pandemic had on women and their businesses. … Read more

ICICI Bank and Stellar: Using Blockchain to Reach the Base of the Pyramid in India

icici bank and stellar using blockchain to reach the base of the pyramid in India

Today the number of international transactions has skyrocketed with an average turnover of US $574 in 2016. High international transfer costs and high vulnerability are important reasons for shifting from traditional banks to online transfers. Various FinTech companies offer similar benefits, but not all of them are highly successful.  Most of the successful companies in … Read more

Are Banks the Future of Banking? Africa Board Fellows Deliberate

Are Banks the Future of Banking Africa Board Fellows Deliberate

With the growing popularity of fintech companies, it seems inevitable that digital banks will replace traditional banks. However, it is not that simple. Traditional banks are now providing online banking facilities with offline banks open. In-person interactions which banks provide are not available in the case of online banking.  In the case of online banks, … Read more