Financial Inclusion

The financial services industry has much to contribute to the UN and World Bank goal of full financial inclusion by 2020. This group will focus on industry contributions, ideas, barriers and enablers.

Dexter Penn CEO at Kalgera

Understanding Financial Mental Capacity

Mental capacity is the ability to receive and process information to make and communicate decisions on specific questions. We make decisions all day every day, from deciding what to eat and what to wear to more complex decisions like our finances - whether to spend or save, or whether to take out a certain financial product. Throughout our lives, ...

21 September 2021 /regulation /inclusion

Retired Member 

Tackling financial inclusion: financial services that work for everyone

Financial inclusion is rising up the social and political agenda. In the first of a series of blogs, we look at how fintech can help democratise financial services and increase economic prosperity, particularly post-COVID. Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services,...

14 July 2021 /payments /inclusion

Amita Choudhary Marketing Manager at Princeton Growth Accelerator

Shipping Optimization Tips for Online Stores

Optimization is all about getting more done quicker while investing fewer resources. In the context of an online store, money and packaging materials both count as resources, but so does the time of the employees. After all, the longer a worker has to spend on shipping products, the less time they can spend on marketing and customer support. This ...

12 July 2021 /startups

David Fagleman Director at Enryo

The Bank of England needs to stop talking about cash in circulation

Last Wednesday the new polymer £50 banknote, featuring Alan Turing, entered circulation, representing the final phase of UK currency modernisation, a project that started in 2015 with the polymer £5, followed by the 12-sided £1 coin (2016), the polymer £10 (2017) and polymer £20 (2020). With Scottish and Northern Irish note issuers also modernisi...

28 June 2021 /payments /inclusion

Michael Ault CEO at UTP Group

Why financial inclusion needs to reach excluded cash-heavy sole traders

While we applaud efforts to promote financial inclusion and encourage uptake of non-cash payments in the wake of the Covid-19 pandemic, the financial industry and government bodies need to remember a crucial sector of society that’s in danger of being left behind – the small businesses that are the backbone of any nation’s economy. There are curre...

17 June 2021 /payments /inclusion

Lisa Fretwell Managing Director of Data Services at Experian

Comparison services can help the financially excluded get access to affordable credit

Covid-19 has had a profound financial impact on everyone, with 40% of people experiencing a pandemic-related income shock. While some can fall back on their savings or access credit to soften the blow, it can be much more damaging for those who are financially excluded. This consequence can be severe and far-reaching – affecting someone’s educatio...

12 April 2021 /people /inclusion

David Fagleman Director at Enryo

What does 2021 have in store for cash?

For the best part of the past decade the use of cash for day-to-day transactions has been declining as people became more confident using Chip & Pin, contactless and mobile options, as well as increasingly opting for online shopping in favour of the high street. According to UK Finance, cash accounted for 20.4bn transactions in 2010 (c.58% o...

13 January 2021 /inclusion /predictions

Retired Member 

Transforming payments for vulnerable people

COVID-19 has rapidly accelerated digitisation of the customer experience, particularly with respect to how consumers shop, pay and bank. The shift to digital channels has been an important lifeline for many consumers, providing access to essential products and services during a time when physical contact must be significantly reduced or eliminated...

18 December 2020 /inclusion /covid-19

David Fagleman Director at Enryo

Access to Cash Review - legislation is needed to ensure people aren’t left behind.

On November 25th, the government’s call for evidence into plans to protect access to cash closed for submissions. The centrepiece of the proposals involved a change in legislation to allow cashback to be offered at shops without consumers having to make a purchase, as well as making the Financial Conduct Authority responsible for ensuring the cas...

08 December 2020 /payments /inclusion

David Fagleman Director at Enryo

Access to Cash Review - legislation is needed to ensure people aren’t left behind.

On November 25th, the government’s call for evidence into plans to protect access to cash closed for submissions. The centrepiece of the proposals involved a change in legislation to allow cashback to be offered at shops without consumers having to make a purchase, as well as making the Financial Conduct Authority responsible for ensuring the cas...

07 December 2020 /payments /inclusion