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Digital Finance Impact Evidence Summary

Between November 2016 and May 2017,  Digital Finance studies were screened for contributions to the evidence on the effect of Digital Finance on individuals, households, and communities. This cumulated into the development of an Evidence Gap Map (EGM) for Digital Finance. At the time of writing, 40 Digital Finance impact studies were identified from 21 countries that looked at various client level outcomes. The report highlight that as an industry, we have made significant progress in establishing that digital payments and transfers are benefiting low income households, especially in Kenya. There is, however, a distinct lack of investment in evaluation and thus replication in different markets. Looking beyond digital payments and transfers, the digital finance community is not comprehensively measuring the effect of more sophisticated financial services (saving, credit, and insurance) on clients. Despite a growing number of Digital Finance products offered and the depth of the client base, evidence of client impact is lacking. Download the full report here. here.

FiDA Partnership
The Mastercard Foundation Partnership for Finance in a Digital Africa (the “Partnership”) is an initiative of the Foundation’s Financial Inclusion Program. The Partnership catalyzes knowledge and insights to promote meaningful financial inclusion in an increasingly digital world. Led and hosted by Caribou Digital, the Partnership works closely with leading organizations and companies across the digital finance space. By aggregating and synthesizing knowledge, conducting research to address key gaps, and identifying implications for the diverse actors working in the space, the Partnership strives to inform decisions with facts, and to accelerate meaningful financial inclusion for people across sub-Saharan Africa.

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