UNCDF’s MicroLead program team is proud to introduce its series of practical toolkits titled, "How to Succeed in Your Digital Journey: a Series of Toolkits for Financial Service Providers”. The toolkits (available both in French and English) are designed for financial service providers (FSPs) who want to go digital. 

Digital finance via mobile banking and other technologies enables banks and microfinance institutions to reach the “last mile” of unserved populations. For the poor living in remote rural areas, local bank branches and microfinance offices can be hard to find. This, in turn, limits the ability of the rural poor to save for emergencies and investments and access a suitable range of formal financial services. 

But digital finance is turning all that on its head. Today, banks and microfinance institutions throughout the developing world are able to cost-effectively serve rural populations with these new technologies.
However, for financial service providers, implementing digital finance comes with its challenges. For this reason, sponsored by The MasterCard Foundation, MicroLead has produced a series of step-by-step toolkits. They provide a roadmap for financial institutions to successfully implement digital finance.

The six toolkits developed with support from PHB development, will be released from November 2016 until March 2017. The goals of this series of toolkits are to (i) help financial institutions identify financially sustainable digital financial service (DFS) business lines that fit their needs; (ii) provide practical tools that financial institutions can use in their journey towards digital finance; and (iii) present and learn from MicroLead partners’ and other financial institutions’ DFS experiences.