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When it comes to women and financial access, research reveals a glaring gap: women are lagging behind. According to a 2020 survey by Enhancing Financial Innovation and Access (EFInA) the financial inclusion gender gap has persisted. Adult men are more likely to be banked than adult women. Adult women tend to use more informal financial services than adult men and women remain significantly excluded compared to men. Of the 106 million adults above 18 years…
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To bring basic financial services to the unbanked and underserved communities, and improve livelihoods, Mercy Corps’ ‘Building Resilience in Complex Crisis (BRICC) program funded by the European Union, recently signed a new partnership with Y’ello Digital Financial Services (owners of the MoMo Agent Network) to efficiently deliver automated cash transfers and provide an avenue for participants with or without bank accounts to receive funds. The European Union has pledged its total commitment to supporting efforts…
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In 2013, the Central Bank of Nigeria (CBN) released guidelines on the operations and management of Agent Banking. This has helped communities with little to no access to traditional banking services perform financial transactions. In many rural and semi-urban areas, the presence of mobile money agents such as MoMo Agent provide basic financial services including cash transfer, bill payments, among others, to members of the public. With this, residents in underserved communities can have access…
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“I need more information on this”, “What’s happening on Twitter Today?” or “What are the people on Facebook up to?”. We all know this feeling. Every single second of the day, something new pops up on our feed or our inbox – and we always feel the urge to pause and take a look or read just a little bit. At the workplace, we do this almost all the time even when working on demanding…
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I didn’t know what to expect as I stepped into Raven Macaw, the startup that was hosting the Global Shapers Community Kano Hub strategic session or capacity building as some called it. I was half an hour early so I brought out my laptop to quickly finish up some design I was working on for a client. Just as I was wrapping up and was about to send my client an email with the final…