Innovating to Include: Expanding Financial Inclusion Through Agent Network Development | IPA
Автор: Innovations for Poverty Action
Загружено: 2024-06-10
Просмотров: 162
Despite significant progress in improving financial inclusion in the Philippines, a concerning 44% of Filipinos remained without formal financial accounts as of 2021. This translates to 34 million adults without access to basic financial services, underscoring the need to address the issue of financial exclusion. One strategy that has been found to be efficient in bringing services closer to the unbanked is through agency banking or “branchless banking.” With the extensive agent network ecosystem in the Philippines, there are opportunities to work together in generating more evidence on effective approaches to enhance agent network development and narrow the financial inclusion gap.
On May 3, Innovations for Poverty Action (IPA), in collaboration with the Institute of Statistical Social and Economic Research (ISSER) and the Retail Finance Distribution (ReFinD) research initiative hosted a webinar to raise awareness on agent network development and introduce a new research grant opportunity. This opportunity aims to support innovative interventions that will expand the reach and improve the efficiency of agent network operations. The research initiative is aimed at research institutions, service providers, and policymakers in the Philippines.
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