A Public Discussion Paper on prospects of open source CBDC Central Bank Digital Currency in financial access programs for the underbanked.
Access to financial services is still a very big challenge in Uganda, especially in rural communities. Banks are mainly concentrated in major towns and their services are highly priced. According to global partnerships for financial inclusion, billions of adults still remain unbanked and inequalities persist due to this underbanked situation.
I have written this article while investigating the extent of financial inclusion in different developing regions throughout the continent. Let me remind you that this region’s population is also at the highest risk of financial exclusion.
Mobile financial solutions let those in rural villages and urban neighborhoods access these opportunities affordably, instantly, and reliably where no bank had ever established a branch.
Credit Reporting Systems evolve over the last decade, World Bank Task Force laid down guiding principles for data…
Emerging Technologies forming new market segments and creating a meaningful change! Why Financial Institutions need to rely on…
In India, rural communities are historically the people for whom services offered by high-street banks represent an elusive source of liquidity, product innovations and financial democracy. This article explores the role of open source technology in the Micro finance sector.