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Empowering Participation in Commerce: New Strategies for Digitization of Micro and Small Businesses
Digital Transformation
Payments
A review of literature on digital payments’ impact on micro and small businesses reveals how digitalization is changing this segment, and why understanding this transition is key to inform effective public and private strategies and investments to accelerate the success of the small business sector as a whole. Read more about new strategies for...
G20 Publication - MSME Digital Finance - Resilience & Innovation during COVID-19
Covid-19
Digital Transformation
Fintech
The intensity of the COVID-19 shock has clearly varied among MSMEs. On a more positive note, the COVID-19 crisis has accelerated the digitalization of many MSMEs and fostered their participation in digital ecosystems and marketplaces. In response to the emergency, governments have quickly introduced a wide range of policy and regulatory measures...
Investing in fintech for greater financial inclusion - An impact investor’s perspective
Financial Inclusion
Financial technology (fintech) has taken centre stage in the financial inclusion industry in recent years. Think digital lending platforms where small businesses can apply for a loan in just a few minutes. And apps that allow people to pay for utility bills or school fees, saving them hours of have to walk to a brick-and-mortar bank. Or Pay-As-You...
Finance in Africa report finds that banks want to move faster into green lending
Covid-19
The EIB, in partnership with Making Finance Work for Africa, surveyed 78 banks in sub-Saharan Africa in early 2021 to see how they are coping during the COVID-19 pandemic and to learn their views on climate risk, green finance and digital financial services. This work formed the basis of our new Finance in Africa report. The report also provides...
The European Small Business Finance Outlook 2021
Financial Inclusion
The EIF is the European Investment Bank (EIB) Group’s specialist provider of risk financing for entrepreneurship and innovation across Europe. It focuses on the whole range of small and medium-sized enterprises (SMEs), starting from the pre-seed, seed-, and start-up-phase (technology transfer, business angel financing, microfinance and early-stage...
2021 Progress Report of APFF, APFIF and APIP - Regaining Momentum: Enabling Financial Services to Catalyze Inclusive, Innovative and Sustainable Recovery
Financial Inclusion
Sustainable Finance
Covid-19
With its wide-ranging economic impact, the COVID-19 pandemic posed an unprecedented challenge to governments and businesses all over the world. Vigorous responses from governments and central banks have succeeded in averting a major global crisis, but the pandemic and the responses to it have left various medium and long-term challenges in their...
Fintech and the digital transformation of financial services: implications for market structure and public policy
Digital Transformation
Fintech
Erik Feyen (World Bank), Jon Frost (Bank for International Settlements and Cambridge Centre for Alternative Finance), Leonardo Gambacorta (BIS and Centre for Economic Policy Research), Harish Natarajan (World Bank) and Matthew Saal (International Finance Corporation) have jointly published a paper about fintech and digital transformation. Economic...
Enabling and evolving the postal ecosystem – Digital roundtable outputs paper
Digital Transformation
On 7 July 2021, Mastercard and the Universal Postal Union (UPU) held a series of convenings, focused on the digital transformation of the sector. During those roundtables, the following topics were discussed: How digital technology and collaborative business models are helping to transform the postal sector and creating new ways for posts to...
SME Lending – How data and tech can bring a surge for banks
Covid-19
Europe’s banks have a golden opportunity to boost lending to small and medium-sized enterprises (SMEs). In the midst of the pandemic, they are the conduits for billions in state funding to support this crucial segment of the economy. However cumbersome legacy IT systems and outdated risk profiling stand in the way. Agile new competitors are...
Digital-first SME Banking FintechOS - Efma Whitepaper
Digital Financial Services
Fintech
To meet the evolving needs of SME customers, banks are transforming their business models, digitizing their offerings, and creating ecosystems with a whole range of beyond banking services. These banking transformations, however, do not just happen overnight. With their business clients at the forefront of their efforts, some banks are going it...