Articles

The Distributed Economy: Four Ways Blockchain Can Transform MSMEs in Emerging Markets

Together, micro, small and medium enterprises (MSMEs) are the largest employers in many developing countries, yet their viability suffers from limited access to savings, insurance, credit equity and payments services.

Articles

Articles

Expanding access to finance for smallholders one lease at a time
In rural sub-Saharan Africa, working in agriculture tends to be an extremely labor-intensive job with high risk and low payoff . As a result, new generations of farmers and other entrepreneurs are often deterred from pursuing a career in agriculture. This leaves the agricultural industry with ageing farmers and declining agricultural production...
Financial Innovations in Turkey, Interview with BKM CEO,
Could you please tell us a bit about the banking sector in Turkey? We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Banks in Turkey have been highly enthusiastic about using new technologies to reach and engage with their customers. They are also very successful in adopting and launching innovative...
Financial Inclusion: Is SME lending the Goldilocks of digital banking?
Can digital plug the SME credit funding gap and support financial inclusion? Lack of financing for small business has vexed policy makers around the globe for years but, by working together, banks, governments and technology companies have it within their power to solve the problem today. More than 200 million small and medium enterprises (SMEs)...
6 Ways Slow Payments Affect Small Businesses
For many small businesses, slow payments are a fact of life. We surveyed small businesses in the U.S. to understand exactly how unpaid invoices affect their growth. For example, nearly a quarter of American SMBs freeze hiring when cash flow is slow. The opportunity cost is huge: If all small businesses were paid for all of their unpaid invoices,...
Member News: Ashraf Sabry, CEO of Fawry, on creating a cashless society
To what extent have efforts to increase cashless transactions in Egypt been successful? ASHRAF SABRY : The measures have so far been successful, but it still takes time to become a completely cashless society. The country has advanced a lot in expanding what we call “silent business”, the ratio of people carrying cards in their wallets. But this...
The Distributed Economy: Four Ways Blockchain Can Transform MSMEs in Emerging Markets
Together, micro, small and medium enterprises (MSMEs) are the largest employers in many developing countries, yet their viability suffers from limited access to savings, insurance, credit equity and payments services. According to the International Finance Corporation’s Enterprise Finance Gap Database, there are 400 million MSMEs in developing...
Brazil, a Hard Nut to Crack for Digital Banks?
Brazil, the Latin American superpower and force to be reckoned with. The Portuguese-speaking titan in the midst of a sea of Spanish speakers, and that’s just the tip of the iceberg. A vast expanse of country with some 204 million inhabitants, Brazil is fundamentally self-sufficient and can afford not to look too far beyond its borders for...
Understanding Payment Systems in the Times of Fintech
Payments are nowadays widely considered to be gateways for financial inclusion. Withdrawing money or repaying a loan are basic financial transactions without which traditional financial products like credit, savings and insurance would not be possible. In addition to being gateways to financial products, payments, and more specifically digital,...
Why B2B Credit Bureaus Should Fear Amazon
Every sale made by a company of any reasonable size that is done on some extended payment terms is a credit decision. All businesses grant credit to their customers in the form of payment terms. In order to do this, they develop credit limits to how much they can have outstanding to a customer at any one time. Whether a company has a dedicated...
Member News: Mekar Preparing the German G20 Summit for SME Finance
By Thierry Snders, CEO of MEKAR - Despite the cold, I was warmly welcomed by Anna Klabunde from the Federal Ministry of Finance and Matt Gamser from IFC and founder of the SME Finance Forum. They were not alone. There were 100 delegates from the 20 largest economies. Central bankers, secretaries of state, directors of development finance...