Financial Inclusion and Access

Mobile Money

What Is Mobile Money. Mobile money refers to financial services that allow people to store, send and receive funds using a mobile phone.

Debanked

What is Debanked. Being debanked refers to the situation where an individual or business loses access to traditional banking services, often suddenly and with limited explanation.

Migrant Workers (MW)

What Are Migrant Workers. Migrant workers are individuals who move from their place of origin to another region or country to seek employment opportunities. This movement is commonly driven by economic migration, where workers pursue better wages, improved living conditions, or more stable jobs.

GoFundMe Campaign

What is a GoFundMe Campaign. A gofundme campaign is an online fundraising initiative created on the gofundme campaign platform to collect money for personal, social, medical, creative, or community-related causes.

Micro, Small and Medium Enterprises (MSMEs)

What are Micro, Small and Medium Enterprises (MSMEs). Micro, small and medium enterprises (MSMEs) refer to businesses that fall below certain thresholds in terms of size, revenue, or number of employees, as defined by local regulations.

Rotating Savings and Credit Associations (ROSCAs)

Definition and Overview Rotating savings and credit associations (ROSCAs) are community-based financial arrangements in which a group of individuals agree to contribute a fixed amount of money at regular intervals into a shared pool.

Low and Middle-Income Countries (LMICs)

Explore the pivotal role of low- and middle-income countries (LMICs) in the global financial sector, covering banking, payments, and fintech innovations. Delve into the evolution, impact, and future trends shaping financial services in LMICs.

Universal Basic Income (UBI)

What is Universal Basic Income (UBI) Universal Basic Income (UBI) is a public policy concept in which a government provides all citizens with a regular, fixed cash payment, regardless of their income level, employment status, or personal circumstances.

Pocket Change (PC)

What Is Pocket Change. Pocket change refers to the small leftover physical cash or digital balance you have after making everyday transactions. It’s the coins in your wallet after buying a snack, the few rupees remaining after paying a fare, or the tiny leftover balance in mobile wallets or apps.

Formal Financial Systems (FFS)

What are Formal Financial Systems. Formal financial systems are the structured networks of rules, institutions and technologies that move money safely through an economy.

Federated Identity Management (FIM)

What is Federated Identity Management Federated Identity Management (FIM) is a system architecture that enables multiple organizations to securely share identity information across trust boundaries.

Social Security Number (SSN)

What is Social Security Number (SSN) A social security number (SSN) is a nine-digit numeric identifier issued to U.S. citizens, permanent residents and certain temporary working residents under section 205(c)(2) of the social security act.

Social Security (SS)

Explore the essential role of social security within the global banking, finance, and economic sectors. Uncover its origins, impact, and key stakeholders, and delve into how social security systems adapt and evolve to meet changing demographics and financial landscapes.

Small and Medium-Sized Enterprises (SMEs)

Explore the comprehensive guide on small and medium-sized enterprises (SME) in the global banking and financial services sector. Learn about their definition, usage, benefits, key stakeholders, implementation, and future trends. Understand why SMEs are crucial for economic growth, innovation, and job creation.

Financial Inclusion

What is Financial Inclusion. Financial inclusion refers to the effort to ensure that individuals and businesses have access to affordable and appropriate financial services.

Cottage Industry(CI)

What Is a Cottage Industry. A cottage industry refers to small-scale production or service activities that are typically carried out from homes or small workshops rather than large factories. These activities often rely on family labor, traditional skills and limited capital.

Community-Based Financial Solutions

What is Community-Based Financial Solutions. Community-based financial solutions refer to locally organized financial arrangements where members of a community collectively save, borrow and manage money outside formal institutional frameworks.

Biometric Data(BD)

Explore the transformative role of biometric data in banking, payments, and financial services globally. This concise overview delves into its definition, applications, impacts, and future trends, offering vital insights for stakeholders in the financial industry seeking secure and efficient operations.

Authorized Delegate

Explore the critical role of Authorized Delegates in the financial sector, covering their evolution, importance, and impact across banking, payments, and compliance. This article delves into their applications, advantages, and future trends, offering a comprehensive analysis for industry professionals.

Agents in the Banking and Financial Services Sector

Explore the pivotal role of agents in global finance. Learn how agent banking transforms financial services, fosters inclusion, and impacts economies.

Access to Banking

What are Access to Banking. Access to Banking refers to the ability of individuals and businesses to open accounts, deposit and withdraw money, obtain credit, and perform transactions through regulated financial institutions.