Original Source: UNSGSA
Last month in Davos, at the invitation of Queen Máxima of the Netherlands, the UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), the leaders of ten leading global companies gathered to share early results from a novel initiative aimed at increasing financial inclusion while improving bottom lines. As the director of the UNSGSA Office, I was truly inspired by the discussion on the progress made just a year after the launch of the CEO Partnership for Inclusion (CEOP).
During that time, the CEOP has already sparked several collaborations between its member companies. Two of them, one between Telenor and Unilever, and the other between Telenor and PepsiCo, are hitting the ground now in Pakistan. Small merchants who sell Unilever and PepsiCo products are now using faster and cheaper payment instruments provided through Telenor’s mobile wallet EasyPaisa. Using this product to buy inventory also ensures that these merchants will soon get easier access to credit thanks to the digital footprint they are establishing. The two consumer goods companies will be able to sell more inventory to the merchants, and Telenor will enroll more users. It’s a “win-win-win” proposition.
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