M-Shwari is a mobile-based banking service in Kenya that allows customers to save money and take out small loans through their M-PESA accounts. It has been very popular among low-income Kenyans as it provides easy and convenient access to savings and small amounts of short-term credit. M-Shwari's success is largely attributed to its ability to simplify banking for customers with minimal requirements, clear rules, and a user-friendly process that is well-integrated with M-PESA. It also addresses the liquidity needs of the poor by providing a way for them to access small loans on demand to help manage irregular income and unexpected expenses. M-Shwari has demonstrated
In 2015, the CGAP-funded Financial Inclusion Insights Survey was conducted in Rwanda by InterMedia. The survey analyzes trends in mobile money usage in the country and highlights opportunities for growth in the industry.
Digital Cash Transfers and Financial Inclusion in IndiaCGAP
Developing a digital payments architecture in India:
Creates efficiencies and lessens leakages in government, by building digital rails in some of the hardest to reach and poorest areas of India;
Saves India $20 billion a year, or 1% of its GDP;
Achieves financial inclusion for millions of beneficiaries who can receive payments on time, access basic financial services, and use technology to provide feedback to government on those services.
2 billion people globally have no bank account, but 1 billion of them have a mobile phone. Markets for digital financial services are expanding worldwide.
Alternative lending options have grown rapidly over the past 10 years. This deck offers an overview of digital credit and key takeaways from contexts around the world.
FII Ghana 2015: The state of financial inclusion and mobile financial servicesPeter Zetterli
This presentation gives an overview of the findings from CGAP's nationally representative survey of financial inclusion in Ghana 2015, with an emphasis on the role played by mobile financial services.
In 2015, the CGAP-funded Financial Inclusion Insights Survey was conducted in Rwanda by InterMedia. The survey analyzes trends in mobile money usage in the country and highlights opportunities for growth in the industry.
Digital Cash Transfers and Financial Inclusion in IndiaCGAP
Developing a digital payments architecture in India:
Creates efficiencies and lessens leakages in government, by building digital rails in some of the hardest to reach and poorest areas of India;
Saves India $20 billion a year, or 1% of its GDP;
Achieves financial inclusion for millions of beneficiaries who can receive payments on time, access basic financial services, and use technology to provide feedback to government on those services.
2 billion people globally have no bank account, but 1 billion of them have a mobile phone. Markets for digital financial services are expanding worldwide.
Alternative lending options have grown rapidly over the past 10 years. This deck offers an overview of digital credit and key takeaways from contexts around the world.
FII Ghana 2015: The state of financial inclusion and mobile financial servicesPeter Zetterli
This presentation gives an overview of the findings from CGAP's nationally representative survey of financial inclusion in Ghana 2015, with an emphasis on the role played by mobile financial services.
In 2015, the CGAP-funded Financial inclusion Insights Survey was conducted in Ghana by InterMedia to analyze the trends and usage of mobile money in the country. This report shares data from the survey and highlights opportunities for growth and expansion.
for more information, visit www.cgap.org/mobilemoneymomentum
Digital Financial Services for Cocoa Farmers in Côte d'IvoireCGAP
Smallholder farmers, even those in structured value chains such as cocoa farmers in Côte d’Ivoire, are largely unable to access banks, microfinance institutions and other formal financial institutions. Providing meaningful financial services to these customers in an affordable and sustainable manner is a great challenge. In Côte d’Ivoire, transitioning from cash to digital payments may alleviate some of these challenges
This presentation details a digital financial services pilot project – implemented over 22 months by Advans Côte d'Ivoire with the support of CGAP – which has shown promising results.
Though digital credit has been in Tanzania for years, there have been few analyses of the country’s digital credit market. Existing studies raise important concerns about digital credit’s impact on customers. To help fill this knowledge gap in Tanzania, CGAP and the Busara Center for Behavioral Economics, at the request of the Bank of Tanzania, analyzed data from three digital credit providers and built a first-of-its-kind, data-driven picture of the digital credit market’s evolution and current state. In total, we looked at transactional and demographic data for more than 20 million loans disbursed over 23 months.
The Global Landscape of Digital Finance InnovationsCGAP
More than half of the world’s adult population, nearly 2.5 billion people, remain unbanked. Technology – particularly the mobile phone – has been used in recent years to extend financial services past the limits of bank branches and reach new consumers in traditionally underserved segments. Initial efforts focused on payments but have now grown to include savings, insurance and credit products delivered by digital channels, known as “products beyond payments.” Despite a dramatic expansion in the number of digital financial service deployments, the offering of these financial services are not new services. Rather, they are existing services migrated to a lower-cost digital channel, therefore offering greater scale potential. And even then, use of these channels currently remain low.
This research seeks to accomplish four objectives:
Catalog the ways in which technology, especially mobile, can enhance access or use of financial services
Provide a comprehensive landscape of the latest innovations in digital finance
Consider the current and potential impact of these innovations on financial inclusion
Identify enabling conditions and investments needed to unlock the potential of the sector
In 2013, CGAP provided funding, technical assistance and knowledge sharing to one of mobile money player in Côte d’Ivoire. The objectives were twofold: (1) to expand the reach of mobile money services and improve the quality of the agent network, and (2) extract lessons learned.
Digital financial services (DFS) are rapidly rewriting the landscape of financial access in developing markets. This deck is meant to serve as a primer to the DFS space by explaining the basic concepts and strengths of DFS models; showing how they are so successful because they correspond to the weaknesses of traditional delivery; and showcasing some of the next generation of DFS products in order to illustrate that this is just the beginning of a cross-sectoral revolution of access.
Digital Finance and Innovations in Education: Workshop ReportCGAP
CGAP’s Digital Finance Plus initiative convened a workshop in Nairobi on 7 April 2016 aimed at bringing together stakeholders interested in the opportunities for digital finance to improve the affordability of education for low-income households. This document captures themes from the workshop presentations and design thinking session.
Digital Financial Services for Financial InclusionJohn Owens
This presentation highlights some of the digital financial service trends, policy and regulatory issues and examples of digital financial services and the role it plays in financial inclusion in various countries in the Asia Pacific region.
This was the opening session of the panel on digital financial services and financial inclusion during the Asia Pacific Regional Forum on Universal Access and Services and Broadband Deployment 2015 in Bangkok, Thailand.
Saldazo, a Visa debit card product co-branded with Banamex bank, has made Mexico’s largest corner store retail chain – OXXO – the country’s number one transactional account supplier. This presentation provides a Mexican market overview and shares key success factors, challenges and insights from this project.
Wallet and Over-the-Counter Transactions: Understanding Financial IncentivesCGAP
How well do financial incentives encourage customers to opt for wallet transactions instead of over-the-counter transactions? To find out, CGAP looked at four diverse markets in Africa and Asia: Bangladesh, Ghana, Pakistan, and Tanzania.
Global Landscape Study on P2G Payments: Summary of in-country consumer resear...CGAP
For this study on P2G (Person-to-government) payments, Rwanda was selected as a focus country given the potential reach and varied nature of two key initiatives: the IREMBO e-government platform and the Tap&Go smartcard for public bus transport. Digital payments for school fees and utility payments were also studied. Tap&Go is privately managed but offers P2G learnings for other countries where public transport is government-run.
The research sought to answer questions across three key areas:
1. How well did digital P2G payment solutions reach and address the needs of the financially excluded?
2. What were effective and sustainable business models between actors, and how were they set up?
3. How do current and planned solutions support and work with the evolving digital payments ecosystem in Rwanda?
Experience in Supervising Banks and Non-banks Operating through AgentsCGAP
Agent supervision is still an underdeveloped area in the majority of countries with the exception of a few countries that have created comprehensive and detailed supervisory frameworks, encompassing all phases, from licensing to monitoring, from inspections to enforcement.
The majority of countries have not yet fully developed their supervisory procedures to identify and mitigate agent risks, acting on a more reactive and ad-hoc basis.
The approach in supervising agents varies considerably depending on the overall approach taken by supervisors (with some being more intrusive and some more lax in supervising the financial sector)
In the countries where nonbanks (e.g. mobile money providers) have extensive agent networks (e.g. Tanzania), there is disparity in the approach to supervising bank-based vs. nonbank-based agents
Why Star Ratings Matter for Financial InclusionCGAP
Using the example of MercadoLibre, this presentation details the ways in which e-commerce sales data--not typically available for credit scoring--can enrich existing scoring models and improve their predictive power, with positive implications for the financially excluded.
Digital Rails: How Providers Can Unlock Innovation in DFS Ecosystems Through ...CGAP
This document explains the concept of “Open APIs” in digital finance services (DFS), how they enable increased innovation, and the role they can play in expanding DFS ecosystems.
Technical Report of ITU-T Focus Group on Digital Financial Services :
The Digital Financial Services Ecosystem
written by the following authors, contributors and reviewers:
Carol Coye Benson, Charles Niehaus, Mina Mashayekhi, Nils Clotteau, Trevor Zimmer, Bruno Antunes, Yury Grin, Peter Potgieser, Quang Nguyen, Graham Wright, Nathalie Feingold, Ashwini Sathnur, Johan Bosini, Jeremy Leach, Oksana Smirnova, Evgeniy Bondarenko
This Report defines the Digital Financial Services ecosystem and describes the players and their roles within the Ecosystem.
The report recognizes a goal of reaching “digital liquidity” – a state wherein consumers and businesses are content to leave their funds in digital form, therefore reducing the burden of the
“cash-in”, “cash-out” process. Various high-level challenges and issues in the ecosystem are acknowledged in the report
In 2015, the CGAP-funded Financial inclusion Insights Survey was conducted in Ghana by InterMedia to analyze the trends and usage of mobile money in the country. This report shares data from the survey and highlights opportunities for growth and expansion.
for more information, visit www.cgap.org/mobilemoneymomentum
Digital Financial Services for Cocoa Farmers in Côte d'IvoireCGAP
Smallholder farmers, even those in structured value chains such as cocoa farmers in Côte d’Ivoire, are largely unable to access banks, microfinance institutions and other formal financial institutions. Providing meaningful financial services to these customers in an affordable and sustainable manner is a great challenge. In Côte d’Ivoire, transitioning from cash to digital payments may alleviate some of these challenges
This presentation details a digital financial services pilot project – implemented over 22 months by Advans Côte d'Ivoire with the support of CGAP – which has shown promising results.
Though digital credit has been in Tanzania for years, there have been few analyses of the country’s digital credit market. Existing studies raise important concerns about digital credit’s impact on customers. To help fill this knowledge gap in Tanzania, CGAP and the Busara Center for Behavioral Economics, at the request of the Bank of Tanzania, analyzed data from three digital credit providers and built a first-of-its-kind, data-driven picture of the digital credit market’s evolution and current state. In total, we looked at transactional and demographic data for more than 20 million loans disbursed over 23 months.
The Global Landscape of Digital Finance InnovationsCGAP
More than half of the world’s adult population, nearly 2.5 billion people, remain unbanked. Technology – particularly the mobile phone – has been used in recent years to extend financial services past the limits of bank branches and reach new consumers in traditionally underserved segments. Initial efforts focused on payments but have now grown to include savings, insurance and credit products delivered by digital channels, known as “products beyond payments.” Despite a dramatic expansion in the number of digital financial service deployments, the offering of these financial services are not new services. Rather, they are existing services migrated to a lower-cost digital channel, therefore offering greater scale potential. And even then, use of these channels currently remain low.
This research seeks to accomplish four objectives:
Catalog the ways in which technology, especially mobile, can enhance access or use of financial services
Provide a comprehensive landscape of the latest innovations in digital finance
Consider the current and potential impact of these innovations on financial inclusion
Identify enabling conditions and investments needed to unlock the potential of the sector
In 2013, CGAP provided funding, technical assistance and knowledge sharing to one of mobile money player in Côte d’Ivoire. The objectives were twofold: (1) to expand the reach of mobile money services and improve the quality of the agent network, and (2) extract lessons learned.
Digital financial services (DFS) are rapidly rewriting the landscape of financial access in developing markets. This deck is meant to serve as a primer to the DFS space by explaining the basic concepts and strengths of DFS models; showing how they are so successful because they correspond to the weaknesses of traditional delivery; and showcasing some of the next generation of DFS products in order to illustrate that this is just the beginning of a cross-sectoral revolution of access.
Digital Finance and Innovations in Education: Workshop ReportCGAP
CGAP’s Digital Finance Plus initiative convened a workshop in Nairobi on 7 April 2016 aimed at bringing together stakeholders interested in the opportunities for digital finance to improve the affordability of education for low-income households. This document captures themes from the workshop presentations and design thinking session.
Digital Financial Services for Financial InclusionJohn Owens
This presentation highlights some of the digital financial service trends, policy and regulatory issues and examples of digital financial services and the role it plays in financial inclusion in various countries in the Asia Pacific region.
This was the opening session of the panel on digital financial services and financial inclusion during the Asia Pacific Regional Forum on Universal Access and Services and Broadband Deployment 2015 in Bangkok, Thailand.
Saldazo, a Visa debit card product co-branded with Banamex bank, has made Mexico’s largest corner store retail chain – OXXO – the country’s number one transactional account supplier. This presentation provides a Mexican market overview and shares key success factors, challenges and insights from this project.
Wallet and Over-the-Counter Transactions: Understanding Financial IncentivesCGAP
How well do financial incentives encourage customers to opt for wallet transactions instead of over-the-counter transactions? To find out, CGAP looked at four diverse markets in Africa and Asia: Bangladesh, Ghana, Pakistan, and Tanzania.
Global Landscape Study on P2G Payments: Summary of in-country consumer resear...CGAP
For this study on P2G (Person-to-government) payments, Rwanda was selected as a focus country given the potential reach and varied nature of two key initiatives: the IREMBO e-government platform and the Tap&Go smartcard for public bus transport. Digital payments for school fees and utility payments were also studied. Tap&Go is privately managed but offers P2G learnings for other countries where public transport is government-run.
The research sought to answer questions across three key areas:
1. How well did digital P2G payment solutions reach and address the needs of the financially excluded?
2. What were effective and sustainable business models between actors, and how were they set up?
3. How do current and planned solutions support and work with the evolving digital payments ecosystem in Rwanda?
Experience in Supervising Banks and Non-banks Operating through AgentsCGAP
Agent supervision is still an underdeveloped area in the majority of countries with the exception of a few countries that have created comprehensive and detailed supervisory frameworks, encompassing all phases, from licensing to monitoring, from inspections to enforcement.
The majority of countries have not yet fully developed their supervisory procedures to identify and mitigate agent risks, acting on a more reactive and ad-hoc basis.
The approach in supervising agents varies considerably depending on the overall approach taken by supervisors (with some being more intrusive and some more lax in supervising the financial sector)
In the countries where nonbanks (e.g. mobile money providers) have extensive agent networks (e.g. Tanzania), there is disparity in the approach to supervising bank-based vs. nonbank-based agents
Why Star Ratings Matter for Financial InclusionCGAP
Using the example of MercadoLibre, this presentation details the ways in which e-commerce sales data--not typically available for credit scoring--can enrich existing scoring models and improve their predictive power, with positive implications for the financially excluded.
Digital Rails: How Providers Can Unlock Innovation in DFS Ecosystems Through ...CGAP
This document explains the concept of “Open APIs” in digital finance services (DFS), how they enable increased innovation, and the role they can play in expanding DFS ecosystems.
Technical Report of ITU-T Focus Group on Digital Financial Services :
The Digital Financial Services Ecosystem
written by the following authors, contributors and reviewers:
Carol Coye Benson, Charles Niehaus, Mina Mashayekhi, Nils Clotteau, Trevor Zimmer, Bruno Antunes, Yury Grin, Peter Potgieser, Quang Nguyen, Graham Wright, Nathalie Feingold, Ashwini Sathnur, Johan Bosini, Jeremy Leach, Oksana Smirnova, Evgeniy Bondarenko
This Report defines the Digital Financial Services ecosystem and describes the players and their roles within the Ecosystem.
The report recognizes a goal of reaching “digital liquidity” – a state wherein consumers and businesses are content to leave their funds in digital form, therefore reducing the burden of the
“cash-in”, “cash-out” process. Various high-level challenges and issues in the ecosystem are acknowledged in the report
The presentation talks about Digital Financial Services available in Indonesia. It discusses the customer's perspective. What challenges and opportunities lie ahead?
Spark 2019: Dan Weaver, Head of Innovation at Equifax, and Emma Steeley, CEO at AccountScore present a fact-filled and comprehensive walk-through of Open Banking that addresses some commonly held misconceptions through the sharing of key metrics and real examples of live use cases, obtained from being at the forefront of the Open Banking revolution.
Alternative Credit system that gathers behavioral data to underwrite loans for the underbanked and unbanked. With the gathered data, Leo can redefine the triple bottle-line by changing behaviors with tailored education and products.
The presentation outlines the factors that influence the financial behaviour of the poor across different regions. The presentation also discusses third generation MFIs and usage of No-frills accounts. The topic of e/m-banking is also covered at the end.
The Singapore FinTech Consortium - Introduction to Financial Inclusion in Sou...FinTech Consortium
In recent years FinTech, has grown tremendously and is making its presence felt across the globe. The Singapore FinTech Consortium presents our slide deck: Introduction to Financial Inclusion in Southeast Asia to give you a preview of our research in the Southeast Asian landscape.
If you are keen to learn about P2P Lending, please view our slide deck at:
http://www.slideshare.net/SGFinTech/singapore-fin-tech-consortium-intro-to-p2p-lending
If you would like to receive a pdf copy of any of our slide decks, please drop us an email at info@singaporefintech.com and we'll be happy to oblige. For more information about us and our service offerings, please visit our company website at www.singaporefintech.com.
Fintech & Insurtech - Lending Platforms: Company presentation by Bulent Tekmen, Co-Founder & CEO of Colendi, at the NOAH Conference London 2019, 30-31 October, Old Billingsgate.
Product and Services by MFIs / NBFCs / NGOs in Pune:
A Comparative Analysis of Lending Models.
The following are the MFI’s which are chosen for the comparison :
• Ujjivan Small Finance bank.
• Equitas Small Finance bank.
• Madura Micro Finance bank.
• Suryoday Micro Finance Private Ltd.
• ESAF Small Finance bank.
AlHuda CIBE going to organize Two days specialized training workshop on Islamic Micro and Agriculture Finacne 27-28 July, 2018 at Kenya
E: info@alhudacibe.com
http://alhudacibe.com/IM&AF2018
Slides to introduce the concept of fintech(financial technology) in Indonesia. In 2016, fintech is in the spotlight worldwide. In Indonesia alone, there are suddenly a lot of fintechs launching and is impacting traditional businesses. Unfortunately, these traditional businesses don't know what is fintech, what kind of opportunity it presents, and what kind of threat it presents for them.
Audience : Cooperative Experts of Indonesia
Goal : Convey what is fintech, and why does it matter for Indonesia
Fintech - Presentation by Alexander Graubner-Müller, CEO & Co-Founder of Kreditech at the Axel Springer NOAH Conference Berlin 2016, Tempodrom on the 8th of June 2016.
This playbook discusses the various value-added services (VAS) that could increase uptake of mobile retail payments in Tanzania and similar emerging markets.
Digitizing Merchant Payments: What Will It Take?CGAP
A staggering amount of cash is paid to retail merchants worldwide -- around $19 trillion out of a total of $34 trillion in payments. What will it take for digital payments to beat cash?
Real-Time Customer Interactions via SMS (Juntos and Mynt)CGAP
Myntpartnered with Juntos to impact customers’ financial behavior. Phase I was focused on driving GCash transactions and the purpose of Phase II was to engage customers on topics of credit and the Instaloan product.
Smartphones & Mobile Money: Principles for UI/UX Design (1.0)CGAP
CGAP holds that Smartphone interfaces are likely to become the main interface for mobile money use. A well-designed interface will drive growth, profitability, and a much improved user experience. This presentation outlines 21 principles for UI/UX design.
Customer Segmentation: Design and Delivery (Webinar)CGAP
This webinar, recorded in September with SPTF, covers the design and delivery of customer segmentation work. Included are example cases from CGAP's work, sharings by webinar participants, and a preview of CGAP's forthcoming Customer Segmentation Toolkit. The webinar recording is available at https://youtu.be/RJfthuKif80
Services Financiers Numériques pour les Producteurs de Cacao en Côte d’IvoireCGAP
Les petits exploitants agricoles, même ceux des chaines de valeur structurées comme celle du cacao en Côte d’Ivoire, n’ont généralement pas la possibilité d’accéder aux services des banques, institutions de microfinance et autres institutions financières formelles. Fournir à ces segments de clients des services financiers adaptés qui soient abordables et durables constitue un défi majeur.
L’un des nombreux défis en Côte d’Ivoire est de sortir du système de paiement en espèces pour qu’ainsi un lien soit établi entre ces exploitants agricoles et les institutions financières. Le canal mobile offre une opportunité unique pour effectuer cette transition du cash vers les paiements numériques mais la proposition de valeur pour les exploitants agricoles doit être attractive.
C’est ce défi qu’Advans Côte d'Ivoire s’est engagée à relever et les résultats du projet pilote – mis en œuvre au cours des derniers 22 mois par Advans avec l’appui du CGAP - sont prometteurs.
An Introduction to Digital Credit: Resources to Plan a DeploymentCGAP
This is a workshop/course offering guidance in developing new digital credit products. This content is designed for a broad audience of banks, mobile operators, lenders, and fintech firms. It may also be of interest to regulators, policy makers and investors/donors.
With any comments or to request more materials (including the financial model [Excel] or original PPT presentation with detailed presenter notes), please write to cgap [@] worldbank.org.
Understanding the East African Aggregator LandscapeCGAP
What are aggregators?
Aggregators can be thought of as the glue that helps many parts of the digital financial services (DFS) ecosystem to work together.
They allow Payment Instrument Providers (PIPs) – like Mobile Network Operators (MNOs) offering mobile money services or banks offering mobile banking - to easily integrate with entities that want to send money to or receive money from end customers. These entities can be utility companies who want to receive payments, businesses who want to pay salaries or donors who want to pay recipients, for example.
Why do they matter?
Aggregators enable the seamless collection, disbursement and circulation of digital payments across multiple payment providers. They mostly work in the background, and millions of transactions in East Africa pass through them everyday–usually without customers even being aware of them.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
5. What is M-Shwari?
Mobile-based banking service provided by CBA through the Safaricom mobile channel.
Product Offering: Banking products that provide convenience, reliability and cost-
effectiveness for making micro-savings and taking micro-loans.
Target market: All M-PESA customers; to enhance the M-PESA value proposition, while
aspiring to deepen Financial Inclusion in Kenya by offering a bank deposit and credit
product.
Purely unsecured
High Volume, low value, high frequency transactions
Short term (1 month)
Services offered by M-Shwari…
Deposit:
Withdrawal: transfer from M-Shwari to M-PESA
Loan request
Loan repayment
Balance enquiry
Mini statement
6. Highlights of Product Features
– Customer Promise
Banking service that is accessible and convenient
True partner to offer better savings option in time of plenty and reliable help in times of need
We trust you with our money even before you trust us with yours
Credit offered/rejected discreetly, without much hustle
Your character counts.
Deposit Features Credit Features
No minimum balance requirement to open account Loan amounts range from USD 1 – USD 500
Electronic customer enrolment and account activation Loans offered at a 7.5% one-time fee for 30 days
Defined KYC criteria and verification workflow Customer allowed to roll-over debt for another 30 days at a fee of
7.5%
Deposit Limits defined for Tiered KYC Levels No compounding penalty interest for delayed payments
Deposit insurance of up to a max. of KES 100,000 (USD
1,100)
Customer information to be used for credit scoring
No charges levied against account (no value erosion) Promote savings – credit strongly linked to savings profile
8. How M-Shwari Works
8
Sec
Turn around time on
account activation
6
Sec
Turn around time on
transaction processing
Instant electronic customer enrolment and account activation
Electronic KYC verification
Instant credit scoring and credit limit assignment
9. CREDIT SCORING
Initial scorecard & Limit
Assignment
Customer
profile
Mobile
Money
usage
Telco
Airtime
data
Subsequent limit Adjustments
Customer
profile
M-Shwari
Product
Usage
Subsequent Limit
increase
DataSourcesScorecardDev
Loan Performance
• USD 339.4M in loan disbursement
• 300 bps better NPL rate than industry average as at Dec
2014
Repayment Triggers
• SMS reminders
• Limit sanctions
• CRB listing
11. 11
11
LOW-INCOME KENYANS AND THE LIQUIDITY CRUNCH
Julie Zollmann, Principal Investigator
Kenya Financial Diaries
12. There’s not enough money.
Buy stock for
business
$30
Have
US$ 33
Need US$ 71
72% of Diaries households live on less than $2/day.
Out of a monthly income of
US$100, after absolute
essentials, …
13. Income is very volatile.
Median
household’s
income fluctuates
54% from
month to month.
If Average Income=
US$ 100
Good month:
US$ 150
Bad month:
US$ 50
16. People use a whole range of financial
devices to stretch and grow.
Patrick
Jua kali artisan worker in Nairobi
who supports three sons with him
and wife and kids upcountry
Median
HH=14
devices
17. But they face a huge range of risks.
Temporary disability
Permanent disability
Chronic Illness
Hospitalization Outpatient treatmentDeath of relative
Death of main income earner
Divorce, separation
Loss of income source
TheftAttack
Legal case
Eviction
Fire
Death of livestock
Drought
Crop disease0
10000
20000
30000
40000
50000
60000
70000
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
All Households Incidence & Severity
Probability of Population at Risk Experiencing Event in One Year (%) by Median Cost of One Event (KSh)
Frequency
Low
Frequency
High
Financial Impact
Low
Financial Impact
High Module:
5 years
Colors indicate population
at risk:
All household members
Adults
Households
Households who owned
livestock or cultivated land
during Diaries
18. Savings in the house and social
networks help, but leave gaps.
Temporary_disabilityTemporary_disability
Permanent_disabilityPermanent_disability
Chronic_IllnessChronic_Illness
HospitalizationHospitalization
Outpatient_treatmentOutpatient_treatment
Death_of_relativeDeath_of_relative
Death_of_main_income_earnerDeath_of_main_income_earner
Divorce,_separationDivorce,_separation
Loss_of_income_sourceLoss_of_income_source
TheftTheft
AttackAttack
Legal_caseLegal_case
EvictionEviction
FireFire
Death_of_livestockDeath_of_livestock
DroughtDrought
Crop_diseaseCrop_disease
savings_formal
savings_cash
savings_mpesa
savings_moneyguard
savings_chama
borrow_chama
borrow_family
borrow_formal
borrow_informal
borrow_employer
goods_on_credit
accrue_arrears
insurance
welfare_group
resources_received
sell_asset
work_more
other
0-1 1-5 5-20 20-40 40-60
Heat Map of Coping Strategy by Shock
Saving the
house
RR
19. For example, in health, existing tool
box incomplete.
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
Saving in
house
Social
network
Bank saving Chama
saving
Borrow from
network
Sell assets
Sweet spots of financing for health
Most common resources
20. Small, on demand credit can ease the
tradeoff between stretching and growing.
0
1000
2000
3000
4000
5000
6000
7000
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
School Fees Payments and Aggregate Income, KSh
Total income School fee payments
Primary kids
sent home
Install
electricity,
buy tv
Pay lots of
school fees,
still primary
kids sent home
for lunch/food
Primary child
sent home.
Out of food
from last
harvest.
Vivian sent
home in Sept &
early Oct.
Misses several
days of classes.
24. M-Shwari offers easy access to small
amounts of liquidity in a way that fits how
low-income people think about finances.
25. “My son was bleeding a lot
from the nose and I was just
back from the market and had
used all of the money. I
needed $12 and that money
helped a lot.”
“I am in transport business.
Not all the time do I have
money so I can borrow money
to help out my drivers when
they are caught by the police.”
26. Easy, accessible and private
Simple and clear rules
Highly engaging
Matches the way low-income people think
about their finances
1
2
3
4
4 REASONS FOR HCD IMPACT:Why so popular?
27. Easy, accessible and private
Simple and clear rules
Highly engaging
Matches the way low-income people think
about their finances
1
2
3
4
4 REASONS FOR HCD IMPACT:Why so popular?
28. Interviewer:
“The first time you were
activating M-Shwari, is there
anyone who did it for you?”
Edwin:
“Nobody! I just followed the
procedure. When you go to
M-PESA menu, there is M-
Shwari. It is just logic.”
29. Easy, accessible and private
Simple and clear rules
Highly engaging
Matches the way low-income people think
about their finances
1
2
3
4
4 REASONS FOR HCD IMPACT:Why so popular?
“All I do is just play with
my money by moving it
back and forth. I love to
play that game between
M-Shwari and M-PESA.”
30. Easy, accessible and private
Simple and clear rules
Highly engaging
Matches the way low-income people think
about their finances
1
2
3
4
4 REASONS FOR HCD IMPACT:Why so popular?
31. Challenges of Transparency and Disclosure
Visit
www.cbagroup.com/
m-shwari
www.Safaricom.co.
ke
OK Back
Terms and
conditions read
and accepted?
OK Back
32. Why is M-Shwari important beyond Kenya?
First large-scale loan product using a
person’s telecom data to make initial credit
decision
How else can digital information be
applied to poor and unbanked segments?
33. Why is M-Shwari important beyond Kenya?
First successful bank account layered on a
mobile wallet used by majority
Demonstrating mobile money rails can be
used to bring the unbanked into the
formal banking sector
- Come down from the global level and spend the next session really exploring the details of one product in Kenya that is providing digital credit at scale in Kenya– M-Shwari.
- This is a product that has brought millions of poor, previously unbanked Kenyans the full benefits of a banking product (interest, deposit insurance, access to credit) – using mobile money as a gateway. We think that this is very important since it is the first demonstration at scale of several of the concepts that those of us in financial inclusion are interested in.
I’m really grateful that with me today are two experts who will be able to give a lot of insight from the perspective of both the bank that created the product as well as the Kenyan consumer side. First, we’ll hear from Peace Osangir who is the Financial Risk Manager for New Business Ventures at CBA. Peace spearheaded the development of the M-Shwari credit decision model as well as the M-Pawa model which is the Tanzanian version that launched about a year ago. She will kick us off by giving an overview of the product itself and how it works.
Then we’ll hear from Julie Zollmann who is the Principal Investigator of the Kenya Financial Diarieis. The Diaries tracked ALL the financial transactions of 300 low-income Kenyan households over the course of a year and the final report – which I encourage all of you to read if you haven’t already – has a wealth of insights into Kenyan households and their financial behavior. Julie will share some of these insights and in particular the liquidity constraint faced by Kenyan households.
Finally, I’ll come back and try to wrap this all together to understand how and why M-Shwari is working. We’ll then have time for discussion and Q&A with all of us.
Just to briefly set the scene before Peace gets started:
Kenya’s mobile money infrastructure and usage is unparalleled. The predominant mobile money service is called M-PESA and was launched in 2007 by the mobile network operator Safaricom which at the time had 80% market share.
Today, 7 out of 10 Kenyans are active mobile money users (last 90 days)
And 8 out of 10 Kenyans live within 5km of a financial access point, mostly M-PESA.
If any of you have been to Nairobi, you’ll know that the agent network there is truly ubiquitous and anywhere you go you’ll find several agents.
So on the backbone of this infrastructure…
So, in November 2012 a relatively small bank called Commercial Bank of Africa (CBA) that previously had been focused on the elite segment and the giant Safaricom that has one of the most recognizable brands in the country teamed up to launch a new product – M-Shwari.
M-Shwari can only be accessed through the mobile wallet M-PESA – BUT it’s a full savings and loan bank account issued by CBA.
Handover to Peace to tell you some of the basic facts and figures about M-Shwari.
Let us now turn to the cba brand and share some of the key insights from the last couple of years developing the cba brand strategy
So now we’ve shared a bit about how the product works and some of the constraints facing Kenyan households. I’m going to try to wrap up with sharing what CGAP has found about how customers are using the product and why it meets their needs so well. To do this, we looked at 3 different sources of information.
First, was the Financial Diaries since 32 individuals opened M-Shwari accounts in the course of the study and Julie was able to look at how they used the product with the backdrop of a deep understanding of all their financial transactions.
The nationally representative Financial Inclusion Insights survey (conducted by InterMedia) did a follow-up phone survey of M-Shwari users.
Finally, CGAP conducted in-depth interviews of low-income M-Shwari users.
So, let’s take a look at how such small loans with such short loan terms can be so popular.
Well – ‘M-Shwari…”
Let’s unpack this a bit.
Let’s look at two typical use cases that demonstrates how these loans are frequently used.
One woman told us: “My son was bleeding…” This is a very typical scenario. Someone was sick and the money was needed quickly. She did not want to go around to friends and family asking for help while her son was bleeding a lot. From what we can tell, this was not an issue of whether or not she could afford to spend $12. She had had the money that morning but had spent it at the market, not knowing it would be needed later. So she wanted something that was fast and easy.
Let’s look at a business example. Many people say they use M-Shwari for business expenses. This is again, a very typical scenario. This guy owns some taxis or motorbikes and one is caught by a police and needs to pay a bribe. M-Shwari is not used for business investment – definitely not an MFI loan – but for meeting short-term gaps in cash flow. If the amount is about $15 would pay $1 fee. However, if you look at the opportunity cost of having the taxi sit idle for a few hours or half a day while this guy gets money and brings it over – probably much more than $1.
Easy – Instant opening, loans in 6 seconds. Can’t be beaten by any other sources of credit that have transaction costs.
Accessible – middle of the night, when hardest to find other sources of liquidity
Private – Savings side – considered more private and hidden than M-PESA. On loan side – often used in the middle of the night or when emergencies arise when you don’t want to go around telling your friends and family about your troubles or that you can’t afford school fees.
M-Shwari is very easy for people to figure out how to use. They may not understand the details of the terms and conditions – more on that later – but the basic process of how to open and use the product is pretty intuitive.
Customers don’t really understand the nuances of the credit scoring or how exactly loan decisions are made but they know it is connected with frequency of transactions and deposits.
Interestingly, this has led to a high level of engagement with the product. Customers enjoy the challenge of experimentation and figuring out ‘the game.’
The product offers a reciprocal relationship with the customers, rewarding them pretty quickly for ‘good’ behavior and customers like this.
Finally, but perhaps most importantly, M-Shwari seems to have tapped into how low-income people think about their finances.
Putting money into M-Shwari makes people feel their money is “working” – in a way they don’t feel about traditional bank accounts.
The main appeal appears to be that customers can save for short-term needs while also increasing access to credit in the future. And this is not necessarily about qualifying for a specific loan in the short-term but using a service that might provide resources when needed, similar to maintaining a friendly relationship with a shopkeeper who might extend a line of credit at some point in the future when it’s needed. Poor Kenyans are always looking for ways to expand budget elasticity and to give them more options when needed – and M-Shwari does this, along with providing a safe place to save that provides some interest.
I don’t want to give the impression that M-Shwari is perfect. It faces plenty of challenges.
In particular, effective transparency and disclosure is chalenging. When customers activate the account, they are asked to visit a website to read the terms and conditions and then accept them – but the majority of customers don’t have any way to access the internet either through their basic phones or a computer.
So, the very feature that customers love most: ease, speed and accessibility of the product – leads to a low level of understanding of details of terms and conditions. There is no easy solution in how to effectively and transparently convey terms and conditions for a virtual product that is offered instantly.
To finish, I just want to end with two points on why M-Shwari has global relevance.
It’s the first large-scale loan product using a person’s telecom data to make a credit decision.
We’ve talked a lot about the vast new flood of digital information out there but until M-Shwari, applying this to the poor and unbanked segments seemed distant.
Second, M-Shwari is the first successful bank account that is layered on top of a mobile wallet used by the majority of a population.
For years, many in the digital financial services space talked about the mobile money ‘rails’ that would be the foundation for a host of other value-adding financial products and services. A lot of this was just speculation – until M-Shwari. The product has proven that mobile money can be used to bring the unbanked into the formal banking sector in large volumes.
I think the story is just beginning. M-Shwari uses mobile money as a gateway to bring the benefits of a full bank product to the mass market in Kenya. It’s groundbreaking in several ways but is very dynamic and will fascinating to see where things go from here.