Donors play an important role in the development and expansion of financial services, and often have a particular focus on social impact and welfare. Therefore, donors need to properly select the products, partners and target population where they can affect positive change.
Since 2015, financial inclusion has been a top priority of Turkey, with a focus on regional policies. Therefore, monitoring relevant indicators to monitor progress is important. At MIX, we believe that sub-national data mapping can help policy makers design more efficient policies by examining disaggregated supply and demand data to understand the variations on-the-ground.
The Government of Myanmar has supported the development of financial cooperatives since 2012. But, in order to support the expansion strategies where demand is still unmet, MIX’s Interactive Dashboard for Myanmar provides analytical tools for cooperatives to analyze demand and supply within the sector.
In Vietnam, state-owned entities are required to be present uniformly across the country, irrespective of population density. As a result, there is an even distribution of the supply of financial access points and no region seems to be lagging behind. However, that is not the case with other entities that prioritize areas with high population densities.
Although not a signer of the Maya Declaration, over the past few years Turkey has shown a strong commitment to "include outsiders of the financial system and increase the quality and use of existing products and services”. Yet, the country still lags behind its upper middle-income peers when it comes to the percentage of adults with accounts at formal financial institutions by nearly 14 percent.
As Myanmar continues its transition to a market-oriented economy, people hope that the growth in GDP will translate to improved living standards for the entire population of 54 million. In order to encourage and enable inclusive growth, stakeholders within the public and private sectors should turn their attention to the provision of formal financial services.
The central role of digital financial services in Senegal has, if nothing else, become more defined as the market continues to evolve. The data we collected shows that over 81 percent of financial access points belong to mobile network operators and, additionally, mobile money access points grew by 37 percent over the past year.
Benin is considered a nascent market when it comes to digital financial services but that may be starting to change. Since we last updated the Interactive Dashboard for Benin in 2016 (based on 2015 data), mobile money access points have increased by 118 percent.