insights | Reports

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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
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Updating the South Africa-SADC remittance channel estimates

Remittance markets comprise both a commercial opportunity for financial sector operators, and an important means of supporting impoverished communities. In 2012 FinMark Trust commissioned an exercise to estimate the size of remittance flows from South Africa, which is a key regional hub for economic migration, to the various countries in the Southern African Development Community […]

SADC Payments and Remittances
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Baseline Financial Literacy Survey Seychelles 2016 Report

The Central Bank of Seychelles (CBS) and the Financial Services Authority (FSA) commissioned FinMark Trust to undertake a Baseline Survey on Financial Literacy. The purpose of the baseline study was to measure the level of financial literacy amongst the population and provide an assessment of the needs of the population including the identification of possible […]

FinScope
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FinScope 2015 Consumer Survey India – Under the Poores...

FinScope Consumer India (PSIG) 2015 is the first financial inclusion survey of the Poorest States Inclusive Growth (PSIG) in which a representational cross-section of adult Indians were interviewed comprehensively about their financial behaviour, familiarity with financial terminology and their use of financial services. A total of 16,000 households were covered by the survey from which […]

FinScope Consumer
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Cross-Border Remittances 2016

The World Bank estimates that in 2016 remittances from migrant workers to developing countries will be worth USD 440 billion. More than twice that of foreign aid. Remittances play a critical role in supporting the welfare for many individuals and households in developing countries. Moreover, remittances can contribute to economic growth, with research indicating that […]

SADC Payments and Remittances
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Case Study – Using Information as a Driver of Change: ...

In August 2016, FSD Africa launched a case study series on the art of financial market facilitation with a desire to learn more about the art of market facilitation in action. In response, and in partnership with CGAP, DCED and the FSD Network, FSD Africa commissioned the Springfield Centre to prepare a suite learning case studies. The seven case study […]

FinScope
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Financial literacy and savings decisions by adult financial ...

We use survey data from a sample of 4000 adult financial consumers in Zimbabwe to analyse the determinants of financial literacy and its effect on individual?s savings decisions. Results show that women have lower financial literacy than men. Furthermore, individuals? residing in rural areas exhibit lower financial literacy compared with urban financial consumers. Financial literacy […]

FinScope
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2016 Annual Report

This year’s review traces the overall progress made by FinMark Trust in the implementation of its programme to “make financial markets work for the poor”. As a reminder to our readers, our 2015-2020 strategy is anchored on (i) regional financial integration (ii) financial inclusion and (iii) global thought leadership. Under each of these pillars we […]

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Effective Health Financing Models in SADC: Three Case Studie...

The SADC region faces challenges in the provision of health services relating to limited financial and human resources. As such, access to appropriate and affordable healthcare is often sub-optimal, especially in public and rural areas. This report reviews three cases pre-funding mechanisms to draw lessons on the potential role of different health financing vehicles in […]

SADC FI
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Challenges & Opportunities for Health Finance in South ...

Pre-funded healthcare in South Africa, as the principle vehicle for access to private healthcare, is inaccessible to the bulk of the population. This study unpacks some of the regulatory and supply side reasons that drive affordability challenges from the perspective of the low income consumer, with a view to stimulate debate on the necessary conditions […]

SADC FI
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope
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Agricultural Subsidies in SADC Countries

FinMark Trust has commissioned this research as part of its broader mandate to improve financial inclusion of the poor. In this case, given the significance of the agricultural sector in most Southern African Development Community (SADC) countries, the stated purpose has been to assist SADC and SADC states to make informed decisions regarding the payment […]

FinScope
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Cutting Corners at a Most Vulnerable Time

With the details of the South African micro insurance regulatory framework soon to be finalised, questions still remain as to how best to approach formalisation and enforcement of informal funeral parlours. Previous research showed that enforcement will not be an easy task, as it is a fragmented industry where informal insurance is key to many […]

FinScope
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SADC Financial Inclusion Strategy Workshop Report

FinMark Trust, in collaboration with the SADC Secretariat hosted a SADC financial inclusion strategy workshop in February 2016. The workshop which was represented by 14 countries was the result of the Report on Financial Inclusion (FI), where the Ministers of Finance and Investment directed the SADC Secretariat to partner with FinMark Trust to develop a […]

SADC FI Strategy
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Consumer protection in SADC

Worldwide, countries have been increasing their efforts to expand the financial services sector, particularly to low income consumers. However, increasing access to financial services also increases the risk of loss and exploitation on the part of the consumer. In order to minimise these risks and protect consumers, and to ensure that FSPs act in an […]

SADC FI