insights | Reports

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Lesotho MAP financial inclusion roadmap

This roadmap document is produced as part of a series of documents in the Making Access Possible (MAP) Lesotho initiative. MAP Lesotho was conducted as a result of a formal request by the Government of Lesotho, via the Ministry of Finance in August 2013. The MAP project is formally hosted by the Ministry of Finance, […]

SADC Consumer MAP
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The Value of Savings Groups and Stokvels for Financial Inclu...

The emphasis of financial inclusion is now on how more competitive financial markets can work better for poor people (Porteous, 2004). It acknowledges that increasing financial inclusion requires a better understanding of how services, formal and informal, can meet people’s needs (Ledgerwood and Jethani, 2013). The current economic situation in South Africa presents a large […]

SA FI
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SADC Mobile Money Guidelines

Mobile Money has evolved as a utility to provide financial services largely to the unbanked population. Its success in certain emerging markets and countries with unsophisticated banking infra-structure has been unprecedented. The aim of the project is to develop Mobile Money guidelines to assist SADC Member States with principles to facilitate the harmonisation of their […]

SA FI
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FinScope MSME Survey Eswatini 2017 Report

The Government of Eswatini has been working towards the development of the Micro, Small and Medium Enterprises (MSME) sector. This is clear from the SMME Policy (2009), Micro Finance policy, Financial Sector Development Implementation Plan, Financial Sector Development Strategy and National Financial Inclusion Strategy. This report is prepared to provide insight into the Eswatini MSME […]

FinScope MSME
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Understanding Global Remittances Corridors in the Democratic...

The Democratic Republic of Congo (DRC) has a long standing history of migrant flows, and historically flows to and from Europe have been of particular importance. However, substantial political and economic upheavals from the 1990s onwards have been associated with major changes to the pattern of Congolese migration. Congolese emigrants increased in numbers, were increasingly […]

SADC FI
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Understanding Global Remittances Corridors in the Democratic...

The Democratic Republic of Congo (DRC) has a long standing history of migrant flows, and historically flows to and from Europe have been of particular importance. However, substantial political and economic upheavals from the 1990s onwards have been associated with major changes to the pattern of Congolese migration. Congolese emigrants increased in numbers, were increasingly […]

SADC Payments and Remittances
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Financial Digital Identity: Landscaping a digital financial ...

This report by David Porteous of Bankable Frontier Associates (BFA) from the FinMark Trust Digital Identity workshop sets out a framework for defining digital financial identity and its general use cases. The report follows on to consider the current available information about drivers and needs in the SADC identity environment before describing examples of solutions positioned on the digital […]

SADC FI
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Remittance Factsheet

Remittance markets comprise both an important means of supporting impoverished communities, and a commercial opportunity for financial sector operators. In migrant heavy communities, remittance products can be the most important form of financial service provided, which is often disproportionately benefits female-headed recipient households. In 2012 FinMark Trust commissioned an exercise to estimate the size of […]

SA FI
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Research Report on Mobile Money in South Africa

The research report study focused on the factors that drove the termination of mobile money services in South Africa focusing on the institutional environment, market environment, end user environment and adoption and availability. The secondary objective was to identify barriers to launching effective mobile financial services (MFS) in South Africa with a specific focus on […]

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2017 Annual Report

The past financial year has been a period of change and renewal for FinMark Trust (FMT). We celebrated our fifteenth year of service and pioneering work on innovative approaches to financial inclusion globally. We also marked this important milestone by reviewing our impact, relevance and positioning. This was important to ensure that we remain relevant […]

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The Second SADC Financial Inclusion Indaba

FinMark Trust, in partnership with SADC Secretariat and the SADC Banking Association is proud to have co-hosted the second Financial Inclusion Indaba on the 13th and 14th of July in Centurion, South Africa. Across the African continent, governments have begun to realise the pivotal role financial inclusion can play in combatting poverty and contributing to inclusive […]

SADC FI
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The Impact of Remittances in Lesotho, Malawi and Zimbabwe

Households in sub-Saharan Africa have a long tradition of cross-border migration and associated remittances. During periods of economic or political instability, or simply when opportunities at home are scarce, the funds remitted by migrants are a lifeline that can help keep food on the table, children at school, and roofs over heads. However, from an […]

SADC Payments and Remittances
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Cross-Border Remittance Pricing

This report was commissioned by FinMark Trust and carried out through Genesis to assess the cost of cross-border remittances in South Africa. Using a new approach based on conducting actual cross-border transactions, the report verifies the pricing offered to customers in the market and compares this cost to other studies conducted by the World Bank […]

SADC Payments and Remittances
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Digitisation of social grant payments and financial inclusio...

A quarter of South Africans rely on social grants and the grant allows millions to access formal financial services. However, the extent to which social grants have contributed to financial inclusion of social grant recipients has not been documented. Therefore, this report was prepared to highlights the trends in financial inclusion among social grant recipients […]

FinScope
SA FI
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Seminar on Financial Education Report

Financial education is key to improving individual financial behaviour, preventing over-indebtedness, protecting clients, contributing to market development and ensuring financial stability. It makes a crucial contribution to the development of inclusive financial systems and to broader economic and social development goals. Financial education is therefore increasingly high on the agenda of many countries, including countries […]

FinScope
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Mobile Money and Financial Inclusion in SADC

This paper presents a cross-country comparison of mobile money ownership and its determinants together with the factors affecting mobile money adoption. The link between mobile money and financial inclusion will also be discussed. The following insights have been gained from the FinScope studies conducted in 11 countries across the SADC region. The low penetration of […]

SA FI