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CGAP Newsflash: Digital Finance Plus What CGAP calls Digital Finance Plus is the use of mobile money and branchless banking to make basic, essential services and utilities - in energy, health, education, and water, for example - more accessible to people at the base of the economic pyramid. Here finance is not an end itself but a means to help solve significant development challenges in order to improve the lives of the poor. Recently, CGAP's Kabir Kumar and Camilo Tellez-Merchan spoke with representatives from several businesses that link financial innovation with tangible benefits for the poor. Via Google Hangout, Victoria Arch from Angaza Design described how a pay-as-you-go finance model allows people to pay for solar lamps in small increments, providing an affordable alternative to fuel-based lighting sources, such as kerosene. Similarly, Rasoul Mikkelsen explained how Grundfos LifeLink combines the pay-as-you-go approach with M-PESA to make clean water more accessible for rural communities. Watch the video interviews mentioned above, as well as an animated introduction to Digital Finance Plus, at CGAP.org. You can also watch this space for more updates, where we identify the more than 60 services in this new field of digital finance "plus" innovations who are leveraging the already established infrastructure of mobile payments - including mobile wallets and agents – to reach and serve their customers
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