Innovation

Mapping Creditworthiness of Unbanked Population

Oct 14, 2019
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Conventional banking has typically focused on the 5Cs of “Credit” – character (identity), collateral (security), capacity (to repay), capital (savings, investments, or other assets), and conditions (usage of loan) – while making lending decisions.

Catalysing Women Entrepreneurship and Financial Inclusion in Pakistan

May 18, 2017
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Gender disparity in Pakistan exists at various levels despite not being present in the population divide. The Global Gender Gap Report of 2016 ranks Pakistan at 143 (out of 144) in the world in terms of economic participation and opportunities for women.

Fintech Disrupt Challenge 2016

Feb 2, 2017
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Karandaaz Pakistan recently held a Fintech Disrupt Challenge (FDC 2016) in collaboration with the Lahore University of Management Sciences Center for Entrepreneurship (LCE) with the aim of fostering fintechs in the country.

Eliciting Innovation through Challenge Funds

Sep 29, 2016
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Challenge Funds (CF) have been implemented in several countries by donors to elicit innovative responses to a variety of chronic challenges, including bottlenecks in financial access, reducing the number of out-of-school children, arresting waste and inefficiencies in agricultural value chains.

The State Bank's New Regulations for Prepaid Cards

May 12, 2016
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Karandaaz Pakistan published a blog post on the use of prepaid cards in Pakistan. Among the needs discussed was a clear framework for the KYC requirements governing Pakistan’s prepaid market. That regulation arrived earlier this week.

Prepaid Cards and The Unbanked

Apr 27, 2016
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Borrow a relative’s credit card. Have a friend pay. For those excluded from the formal financial system, paying online is more often a matter of finding the right proxy than finding the right tool. Innovations such as mobile wallets continue to expand access to electronic payments.