WeBanc

Financial Inclusion for What?
Global evidence shows poor people use financial services to build resilience and capture opportunities

People can use financial services to capture a new set of opportunities that seem mainly related to three future outcomes:
• Greater financial resources. Poor people use financial services to build assets and manage liabilities
• Better human capabilities. Poor people also use financial services to build useful skills and acquire knowledge.
• Better physical capabilities. In addition, poor people use financial services to improve their health and physical mobility.

Three knowledge gaps limit the effectiveness of financial inclusion programs and policies.

The industry innovation gap. There are specific financial services whose sizable positive impact on future outcomes is most consistent in the literature. These include savings and insurance. Payments also fall into this category, although the positive impact from payments appears to be lower than the impact of savings and insurance.

The impact knowledge gap. For other types of financial services, like credit and pay-as-you-go (PAYGo) services, the impact evidence is mixed or scarce.

The research methodology gap. The research community has made great progress in the past 20 years, not only in the number of impact studies conducted around the world but also in the methodology used to measure impact.

…….CGAP

E-money has been hailed as a great enabler. But like all financial tools, it has risks too. Tailored regulation will be needed.

A Guide to Supervising E-Money Issuers This paper provides general guidance to supervisors in emerging markets and developing economies who are designing proportional approaches to EMI supervision, and serves as a reference for drafting or improving EMI supervision manuals in a few specific areas.

Apple’s payments ambitions for 2022 🍎💳; SoFi gets a bank charter 🏦; Can Revolut’s stock trading make a difference in the US? 🤔.....

How valuable is financial inclusion if people don't have the necessary education to understand and use financial tools?

2 out of 3 adults worldwide are financially illiterate. Here are 3 ways to boost financial literacy.

Financial Innumeracy: A Global Problem for Digital Finance? Mounting evidence suggests financial innumeracy presents a bigger barrier to financial inclusion than is often acknowledged. Here are three ways to improve numeracy.

How valuable is financial inclusion if people don't have the necessary education to understand and use financial tools?

2 out of 3 adults worldwide are financially illiterate. Here are 3 ways to boost financial literacy.

Financial Innumeracy: A Global Problem for Digital Finance? Mounting evidence suggests financial innumeracy presents a bigger barrier to financial inclusion than is often acknowledged. Here are three ways to improve numeracy.

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Your business needs proper savings culture to grow. WeBanc can help you to grow your business by starting saving today with Sikini money as low as N500 daily.

Get in touch via 09159581942 or 08144551398

What will it take to move Africa into a dynamic new phase of financial innovation for the poor?

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Marketing officers at WeBanc are responsible for the marketing, evaluation, mobilization, and collection of savings for the organization from customers in the markets and streets and act as a liaison between customers and the organization while monitoring and executing action plans in achieving overall savings target allocated.

• To drive the savings mobilization arm of the business.
• Mobilization of funds from Traders, Artisans, businessmen and women, and professional individuals.
• Identify target markets with identified volumes to drive high volumes of new funds to the Company
• Work with the team to develop and implement a business development plan to improve the savings mobilization and retention of savings and also manage withdrawal attrition
• Oversee the development of innovative savings products in line with customer needs
• Develop and maintain relationships with artisans, traders, business owners, and professional individual savings customers.
• Advice clients on funds status and generate new clientele on an ongoing basis.
• Meet assigned targets and quotas.

The agent and last-mile banking industry are in a state of creative chaos. The impressive growth of a few pioneer initiatives like Safaricom’s M-PESA service in Kenya has demonstrated the potential of agent and last-mile banking.
In Nigeria, WeBanc creates digital alternative finance and social innovation company. For the last mile banking for Nigerians.

..at WeBanc we enable you to create your financial freedom because we are your last mile financial services and inclusion company you can trust.

This report is worthy of reading!

2021 State of Entrepreneurship in Nigeria Report | FATE Foundation 2021 State of Entrepreneurship in Nigeria Report by FATE FOUNDATION November 10, 2021 7 Version Download 3408 File Size 22.37 MB File Count 1 Create Date November 10, 2021 Last Updated December 10, 2021 The inaugural State of Entrepreneurship in Nigeria Report looks at evolving demographic trends, i...