You don’t have to spend very long in Rwanda before you start to be impressed by the financial inclusion landscape in this country – not only by the progress made over the past several years, but by the scale of ambition for the rest of this decade and beyond. The government has set a target of 90 percent financial inclusion by 2020 and the evidence of progress toward...

Let us start with the classic (borderline cliché) development proverb: if you give a man a fish, he eats for a day, but if he is taught how to fish, he will eat for a lifetime. It was this analogy that got conversation started at the latest Technology Salon, “Are Mobile Money Cash Transfers the Future of Development?” Development practitioners and researchers alike...

The 2014 Global Financial Development Report, released today by the World Bank Group, presents the most comprehensive review to date of research findings on an increasingly prominent issue in international economic policy: financial inclusion. It also highlights several key topics that are linked to the growing interest in this topic – advances in technology, product...

In just over four years, 9 million Ugandans have jumped aboard the mobile money bandwagon– buying, selling and saving with their mobile devices. With the World Bank targeting universal financial access by 2020, the rapid embrace of mobile banking in places like Uganda provides a promising outlook for reaching the 2 billion people around the world still excluded...

In an age of mobile banking and digital transactions, many poor people still shun basic banking services and put their extra money in livestock. Why? Cows make sense as a savings account, says Ignacio Mas, a senior fellow at the Fletcher School’s Center for Emerging Market Enterprises at Tufts University. People want to put money away in a place where they cannot...

‘Microfinance’ today is a broad-reaching concept that has grown and matured in a multitude of ways since being first pioneered. MicroLoan Foundation fits very much at the social end of the microfinance spectrum; while we aim to deliver our services in an efficient, professional manner, our mission is ultimately the reduction of poverty in disadvantaged communities...

New projects that teach young women how to start a business, hold a bank account, and apply for financial aid can help to give them better futures and avoid the hallmarks of poverty — poor health care, forced marriage, and early childbirth. And Kathy Calvin, CEO of the United Nations Foundation, says that helping girls out of poverty will have a ripple effect...