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FSD Projects
Building Core Capacity
Pushing the Access Frontier
Agricultural Finance
Finance for Growth
Developing the Payments Market

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Developing the payments market


Strongly linked to the first theme area, FSD has recently started looking at ways to encourage the development of the payments system to reach lower income and more remote markets. Directly supporting domestic and international remittances, the payments system also provides the basic infrastructure on which other financial services can be developed. New information and communication technologies offer the prospect of significant progress in reducing unit costs and extending the reach of the payments system.

Project Objective Status Timing
Macro:
Policy issues relating to extension of the formal financial network Identify opportunities for regulatory reform using a risk based analysis of the costs and benefits of regulations which most directly impact on expansion of the formal financial network into underserved markets Under Development May 07-Nov 07
Meso : sector wide development
Send Money Home - UK Kenya remittances Continuation and extension of the Kenya section of www.sendmoneyhome.org and accompanying leaflets to enhance competition as a means to improve the UK-Kenya remittance product offer Active/On-going Oct 05-Jan 07
International remittances consumer information Information on the quality and cost of remittances services in countries with large Kenyan populations to enhance competition as a means to improve the remittance product offer Under Development Jul 07-Dec 08
G2P Payments development project (output 1) To catalyse the expansion of private sector driven payments systems to allow the efficient delivery of social payments under proposed new programmes and significantly expand access to appropriate financial services for low-income Kenyans. Active/On-going Nov 06-Nov 09
Consumer education Provide potential users of new financial products with basic product information and guidance on effective usage Under Development Aug 07-Aug 08
Micro : retail capacity development
G2P Payments development project (outputs 2,3) To catalyse the expansion of private sector driven payments systems to allow the efficient delivery of social payments under proposed new programmes and significantly expand access to appropriate financial services for low-income Kenyans. Active/On-going Nov 06-Nov 09


 


 

 

 

 

 

 

 

 
 
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