Publication: Deposit Insurance and Digital Financial Inclusion
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2016-10
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2016-12-12
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Policy makers worldwide are increasingly appreciating the expanding role that digital financial services play in reaching financially excluded and underserved customers. Though models vary widely, all have at their heart a low-cost digital financial product such as e-money issued by a mobile network operator (MNO) or financial institution that permits customers to make payments, to transfer money, and to store value in small amounts. This value-storage functionality enables the offering of additional services such as digital credit and off-grid electricity on a pay as one go basis - services better tailored to the unpredictable cash flow of poor households and microenterprises.
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“Izaguirre, Juan Carlos; Lyman, Timothy; McGuire, Claire; Grace, Dave. 2016. Deposit Insurance and Digital Financial Inclusion. CGAP Brief;. © World Bank. http://hdl.handle.net/10986/25707 License: CC BY 3.0 IGO.”
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