January 29, 2018
By: Isaac Holly, Krishnan Narasimhan, Vivek Gupta, Priyank Mishra, Amit Joshi, and Puneet Chopra With a big smile on his face, Timothy can’t help but show his friends and family, the newest feature of his mobile phone. When people ask him the reason, he proudly says “You know what I have done using this? I have...
October 23, 2017
It is a challenge for the financial institutions and the Government of Solomon Islands to provide access to suitable, affordable and sustainable financial services for the masses. Formal financial services are limited and mostly concentrated in the capital city of Honiara, and some of the other provincial capitals. Lack of financial and physical infrastructure, in terms of roads and transportation, makes it a near impossibility for a majority of the low-income people to avail basic banking services.
October 2, 2017
The e-transport project involves multiple stakeholders to be on board, participate and collaborate in development or adoption of the system. The Government of Fiji, the Land Transport Authority, the Ministry of Education, the Department of Social Welfare (Ministry of Women, Children and Poverty Alleviation), the Ministry of Economy, the Fiji Bus Operators’ Association, the bus operators in Fiji, Vodafone Fiji and the Pacific Financial Inclusion Programme (PFIP)
September 28, 2017
Savings clubs offer people who lack access to formal financial services a secure place for their savings, improved financial literacy, peer support for small business owners, and access to credit. Despite the success of savings clubs, members still struggle with several challenges. Digital financial services (DFS) may offer a way to meet these challenges and enhance what savings groups offer their members while paving the way to improved access to formal channels. The workshop offered participants an opportunity to imagine innovative services for savings clubs by following human centered design methods and using design thinking to come up with creative concepts.
September 13, 2017
By: Denton Rarawa and Krishnan Narasimhan Social protection in the Pacific small island states is presently limited with only Fiji, Tonga and Samoa offering national level old age pension through budget supported schemes and even these are small amounts ($50 USD a month). However, financial and social protection for the elderly in Pacific Island countries...