INNOVATION FOR FINANCIAL INCLUSION
Women’s micro-bank to open access centres around PNG to test new branchless banking model
March 15, 2018Women’s Micro-Bank Limited (WMBL) through a partnership with UNCDF’s Pacific Financial Inclusion Programme (PFIP) will set-up Mama-Bank Access Points (MAPs) across the country using a low-cost structure. Each MAP will be managed by two staff that are equipped with tablets that uses biometric technology to identify customers and authenticate transactions. This solution will help WMBL to overcome many of the identification challenges that financial service providers in PNG are facing. The new technology also allows WMBL to perform transactions in off-line mode to address the connectivity issues in many remote areas in PNG.
Validation workshop held for Vanuatu’s draft National Financial Inclusion Strategy
March 8, 2018Since June last year, Ruth Kamu has stuck to her goal to save at least SBD $100 (USD $12.79) a month toward her retirement. The 43-year-old market vendor in Honiara, Solomon Islands, says that she plans to build a home that she can live out her twilights years in. Ruth has been selling peanuts from...
Giving women greater financial choice and control through economic empowerment
March 7, 2018Women are natural savers, managing to save on average 10 to 15 per cent of their earnings despite low and often unpredictable incomes. But we also know that women have less access to credit, bank accounts, insurance and other financial products that are essential to their economic participation.
