{"id":41613,"date":"2015-10-13T17:58:33","date_gmt":"2015-10-13T21:58:33","guid":{"rendered":"https:\/\/staging21.finca.org\/our-work\/microfinance\/innovations-and-technology"},"modified":"2024-11-04T02:00:40","modified_gmt":"2024-11-04T07:00:40","slug":"innovations-and-technology","status":"publish","type":"page","link":"https:\/\/finca.org\/en-ca\/what-we-do\/microfinance\/innovations-and-technology","title":{"rendered":"Technology Innovations in Banking"},"content":{"rendered":"\n

As the founder and majority shareholder of FINCA Impact Finance\u2014a global network<\/a> of community-based microfinance institutions and banks that span five continents\u2014FINCA International is enabling access to responsible financial services for low-income clients. To reach more people, drive greater efficiency and reduce costs, the FINCA Impact Finance network is using innovations in banking and financial technology (\u201cfintech\u201d) to transform finance in underserved markets around the world to expand financial inclusion<\/a> to populations that are traditionally excluded.<\/p>\n\n\n\n

Fintech Innovations and Solutions Across the Network<\/h2>\n\n\n\n

Mobile Banking<\/h3>\n\n\n\n

While the availability of financial services remains low in developing countries, mobile phone penetration is on the rise. Mobile credit, savings, payment and e-wallet solutions help the poor access financial services. This saves them time and enables them to make secure transactions anytime and anywhere. From a savings product in Tanzania<\/a> to a free-to-use digital payments product in Pakistan<\/a>, mobile banking innovations are paving new pathways to financial inclusion.<\/p>\n\n\n\n

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In 2018, mobile banking accounted for 13 percent of all transactions across the FINCA Impact Finance network.<\/p>\n<\/blockquote>\n\n\n\n

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