With a combination of both software and hardware, we continue to push for a more equitable society where all people regardless of gender, race, status or income can participate in the financial conversation.
Working with partners, we have seen success in Uganda with the launch of Africa's first agent banking shared platform, a success we would like to replicate across other nations. ( read about Uganda's success story. )
The World Bank's definition of financial inclusion is that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way.
In the developing world especially this is proving to be a big challenge given the fact that the Financial Institutions(FI) don't have the scale to reach the broader populance notwithstanding the fact that FIs have pushed through technological innovations to widen their channel scope by introducing ATMs and mobile banking apps to address some of the gaps.
We are opening doors for the broader population to get involved in the financial engagement conversation by providing Agent banking platforms to reach the unbanked and underserved; increasing the spread of supporting infrastructure in terms of devices to facilitate the execution of these transactions and also through our innovative solutions like Efficient SACCO. A platform that seeks to empower small saving and investment groups to self-manage by helping address issues of transparency, efficiency, cost of technology acquisition and ownership.