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EFTA01930152 | EFTA01930153 "The buzzword 'digital finance' is already an everyday reality for our Tanzanian. Kenyan and Rwandan customers who are using Mobisol Solar Home Systems," said Thomas Duveau, who leads business development for Mobisol. Paying for solar power in small installments through mobile money is not a 'fancy option': it's already the norm for commercial transactions by those at the bottom of the economic pyramid." Digital finance also has an important role to play for small businesses. It not only provides them with access to financing but also to electronic payment systems, secure financial products and a chance to build a financial history. Arjuna Costa, partner of Omidyar Network underscored the importance of digital finance in terms of building the credit history and transactional data of individuals and firms for lenders. Sandhya Rani. postmaster general of the Andhra Pradesh region in India emphasized the huge potential of digital finance on rural development and the role the India Post has played. Taman Ehtheek. 6thaor and CEO of CGAP, mlea questions Iran tie audoence "With over 155,000 post offices, most of which are in rural areas, we are poised to play a critical role in enhancing financial inclusion as we are able to effectively deliver a variety of financial services, including banking, insurance, and remittances even in the most remote areas of the country," said Rani. Walt Macnee, president of the MasterCard Center for Inclusive Growth, pointed out that innovations in electronic payments technology, like mobile and prepaid, enable people to live more secure, empowered and included lives. He said digital money will be the only way to achieve universal access to finance by year 2020. Concluding the session, panelists all agreed that for this type of innovation to scaled up, close public-private cooperation is a key factor in removing such barriers as cost, distance and regulatory complexities. "Together we can fight financial exclusion," they said. Tell us what you think. Rate the article. Share your comments (see rules of conduct). Have an idea for EFTA_R1_00379934 EFTA01930153
March 15, 2026 at 12:05 PM