These financial services include credit, savings, insurance, remittances, and guarantees, among others.
Customers demanded a range of services — savings accounts, insurance, and remittance channels — unavailable through group loans.
By this he means retail banking for the poor, which includes not only loans and savings accounts but also insurance and remittances.
Her research focuses on the effects of labor migration on aggregate productivity, risk-sharing via informal insurance, and remittances, with a particular emphasis on their interactions.
These new financial products include guarantees, insurance, savings remittances, and equity, as shown in Figure 4.
8Total income comprises the personal income of all household members coming from compensation for labor, pensions, social insurance benefits, remittances and other transfers, as well as the income of the household as a whole from the sale of agricultural production and livestock and social security benefits.
Microfinance is becoming at once more complex as MFIs develop new products like micro-insurance and remittance mechanisms, and more simple as many have become more comfortable and unabashed about their profit motives.
Former ambassador to Italy and current ambassador to Portugal expanded his family's single pawnshop into a diversified network of bank, insurance, and money remittance outlets known as Cebuana Lhuillier and now run by the family's third generation.
That approach has been copied by Grab, Go-Jek's arch-rival, which is rolling out its Grab Pay service across Southeast Asia's biggest six countries with plans to enter areas like loans, remittance and insurance with partners such as Chinese digital insurer ZhongAn.
There's been a recent explosion of fintech products in spaces like stock trading, wealth management, payments, loans, remittance and insurance.
