November 23rd, 2016

The following is a guest blog posting from one of AFI's PPD Partners, GSMA. The original version of this post can be found on the GSMA website. 

New GSMA research shows that mobile money is driving a price revolution in international remittances

In just a few years, mobile money has evolved from operating as a purely domestic P2P transfer service to enabling transfers between more than 20 countries globally. In a previous blog post,…

November 2nd, 2016

When it comes to crafting smart financial inclusion policies and effective regulation, evidence and data are key. In Mexico, financial regulators have taken the lead. Since 2012, the Comisión Nacional Bancaria y de Valores (CNBV) and the Instituto Nacional de Estadística y Geografía (INEGI) have conducted two national surveys on financial inclusion, which have not only highlighted the importance of data, but how important regular data…

October 11th, 2016

Data has permeated all facets of our lives. It is more available and accessible than ever before. In just a few hours one person can create a multitude of data points from just one mobile device. This is what Gabriel’s morning looks like:

6:10am: He logs in to Facebook and likes several friends’ photos 6:35am: He tops up his airtime on his phone 7:35am: He calls his sister to find out how much he owes her 8:45am: He transfers the…

October 6th, 2016

The theme of last month’s Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) ‘Building the Pillars of Sustainable Inclusion’ was highly appropriate given discussions on the de-risking phenomenon. It is clear that the unintended consequences of changing AML/CFT risk management and regulatory frameworks have had a profound effect on certain AFI members and across numerous business lines. Unfortunately there is little sign that the…

October 4th, 2016

In English and Spanish

New and sophisticated financial products marketed through innovative channels are generating both opportunities and challenges. On the one hand, introducing more financial products can contribute to greater financial inclusion. However, these products must be accompanied by financial education that builds the capacity of individuals to avoid over-indebtedness and other adverse effects.

In El Salvador,…

September 26th, 2016

“Sustainable development is the pathway to the future we want for all. It offers a framework to generate economic growth, achieve social justice, exercise environmental stewardship and strengthen governance.” – Ban Ki-moon, United Nations Secretary-General

In the recently concluded 2016 Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) held in Nadi, Fiji, on 7-9 September, the issue of green finance and its linkages…

September 21st, 2016

The unbanked people of the world are so much more than a population in need of help. They’re a potential customer base waiting to enter the formal economy—and push it to new heights.

A new report recently released by the McKinsey Global Institute demonstrates how digital financial services (DFS) can drive financial inclusion and economic growth at the same time.

According to Digital Finance for All: Powering Inclusive Growth…

September 19th, 2016

This article is adapted from a speech delivered on 8 September 2016 by Mr. Norbert Mumba, Deputy Executive Director, AFI, at the launch of the AFI Data Portal (ADP). Please sign up for your individual account to access the Portal via www.afi-dataportal.org. Anyone is eligible to access the ADP.

At the Alliance for Financial Inclusion (AFI) Financial Inclusion Data Working Group (FID WG) Meeting held in San Salvador, El Salvador,…

September 6th, 2016

This week, the Alliance for Financial Inclusion (AFI) will kick off its eighth annual Global Policy Forum (GPF) in Nadi, Fiji. The 2016 GPF will be the largest GPF ever, bringing together over 500 high-level financial sector policymakers, regulators and other stakeholders to explore the theme, “Building the Pillars of Sustainable Financial Inclusion.”  

Having participated in all but one GPF, I thought it would be a good time to…

August 24th, 2016

The Caribbean Context

While Latin America has been experiencing fast economic growth over the last decade, progress in the Caribbean sub-region has been a bit slower. Natural disasters and low commodity prices have pushed Caribbean countries to seek financial reforms. In an attempt to overcome poverty, the largest countries in the region have been implementing financial inclusion policies and regulations for innovations like digital…