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Shoprite Lesotho cross-border remittance product achieves R1...

The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the world. A remittance is when a person sends money, usually small […]

SADC Payments and Remittances
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Shoprite Lesotho Cross-border remittances

Media release: Shoprite Lesotho cross-border remittance product achieves R1 billion mark The Shoprite cross-border money remittance product reached the R1 billion mark in January, after just three years of it being implemented between SA and Lesotho. The cost of a transfer of R900 is 2%, which is one of the cheapest cross-border products in the […]

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FinScope South Africa Consumer 2018 Results Factsheet

The FinScope South Africa 2018 Survey highlighted many issues pertinent to financial inclusion in South Africa. A key highlight for FinScope South Africa Consumer 2018 results highlight how South Africans are facing economic hardships with about 1 in every 5 adults borrowing to buy food. Another key highlight is how the study shows that the financial sector continues […]

FinScope Consumer
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2018 Annual Report

The journey of renewal for FinMark Trust (FMT) has continued during the past financial year with several important aspects of our strategy being implemented. We have again positioned FMT as a key thought leader within the global financial inclusion world, and importantly within the SADC region.

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Achieving Financial Inclusion Goals Through Digital ID in Ma...

Digital Financial Identity has been top of mind for FinMark Trust since the idea was first raised in the SADC FI Forum in July 2017. We followed this up with a Digital Financial Identity Workshop in January 2018, where we delved into the challenges and benefits of a digital financial identity. In mid-July, FinMark Trust […]

SADC FI
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Will inclusive financing mechanisms promote more women-led a...

Written by Innocent Njati Banda Banks need to step up to support women in agriculture Just like any other business, women-led agribusinesses require a number of factors to be successful, such as availability of affordable high-quality inputs, equipment and labour; availability of suitable land for growing crops, rearing animals or processing produce; technical support from […]

SADC FI
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Burkina Faso MAP Rapport De Feuille De Route 2018 – 2022

La Feuille de Route pour l’inclusion financière du Burkina Faso 2018-2022 définit les priorités nationales relatives à l’amélioration de l’inclusion financière au Burkina Faso. La Feuille de Route est axée sur les conclusions du diagnostic, contenues dans ” Burkina Faso Making Access Possible : Rapport Diagnostic de l’Inclusion Financière 2017″, un rapport qui s’appuie sur […]

Deepening Financial Inclusion
SADC Consumer MAP
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Burkina Faso MAP Roadmap 2018 – 2022 Report (English)

The Burkina Faso Financial Inclusion Roadmap 2018 – 2022 lays out the national priorities for the enhancement of financial inclusion in Burkina Faso. The Roadmap is based on the diagnostic findings contained in the Burkina Faso Making Access Possible: Financial Inclusion Diagnostic Report 2017, which in turn draws on in-country research and interviews, FinScope Survey […]

Deepening Financial Inclusion
SADC Consumer MAP
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Malawi Digital Financial ID Feasibility Assessment

The World Bank’s ID4D Programme estimates that 375 million adults in developing countries are excluded from formal financial services. This is on account of unavailability of a suitable proof of identity as per know your customer (KYC) requirements (ID4D 2016). This gap can only be bridged by the development of a trusted identity system that […]

SADC FI
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Hackathon: Innovations for Mobile Financial Services (OneMon...

The OneMoney Hackathon was held at the TelOne Centre for Learning from the 13th -15th July 2018, a product of the partnership between FinMark Trust, NetOne, TelOne, Elevate Trust and ZimHack. The competition aimed to promote product innovations for inclusive financial services within the mobile financial services sector, with a particular focus on poor and […]

SADC FI
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Hackathon: 2018 Lesotho SIMM Hackathon Report

Access to formal and semi-formal financial services is limited in Lesotho, especially for low-income and rural populations. The majority of Basotho are excluded from the formal credit system, while restricted accessibility and high pricing of banking products further limits uptake. The Lesotho Government has identified a lack of access to financial services as a major […]

SADC FI
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Lesotho MAP Roadmap 2014 – 2020 Report

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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Mapping Financial Access Points in Lesotho

Measurement of financial inclusion (FI) has been informed by indicators of barriers to financial services (access), benchmarking and monitoring levels of uptake, assessing levels of usage, monitoring the quality of services provided and diagnosing the financial health of users. Countries with explicit FI policies tend to develop monitoring and evaluation frameworks which in turn is […]

SADC FI
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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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Impact Evaluation of Savings Groups and Stokvels in South Af...

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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More Namibians become financially included

This article was released in The Namibian on 14 August 2018 in The Bottom Line, page 11. Written by Charmaine Ngatjiheue. Namibians who do not have access to financial services stood at 22% in 2017, down from 31% in 2011 and 51% in 2007. This is according to the Namibian Financial Inclusion Survey (NFIS) of 2017, which […]