[vc_row][vc_column][vc_column_text letter_spacing=""]<p style="color: #d06728;">Innovative Digital Payment Business Models for Small Merchants and Low-income Households</p>
<p style="color: #d06728;"><strong>Date:</strong> 12 December 2018</p>
<p style="color: #d06728;"><strong>Location:</strong> Hotel Ashok, New Delhi</p>
<p><strong style="color: #d06728;" >A closed-door session on ‘Innovative Digital Payment Business Models for Small Merchants and Low-income Households’ is being held as a break-out session at the Inclusive Finance India Summit 2018, at Hotel Ashok, New Delhi, on 12 December, at 12:30pm.</strong> The session accentuated how to responsibly transition small business ecosystems (i.e. merchants, low income customers, suppliers) to a digital payment platform. It covered series of interventions undertaken by CATALYST in Jaipur across the low-income ecosystems to understand the opportunities for digitizing payments.</p>
<p>While digital finance has increased significantly in India in recent years, there exist significant gaps in reaching out to the last mile. Micro-merchants and low-income households, in particular, remain an under-served segment in digital finance. Building on a set of experiments facilitated by CATALYST in Jaipur, the discussions provided insights for solution frameworks and business models by implementing a learning-by-doing approach. The speakers presented major insights from four types of business models:</p>
<ol>
<li>Distributors and their merchant networks in dairy, pharmaceutical, and FMCG supply chains</li>
<li>Low-income households in urban slums,</li>
<li>Payment collections for subscription-based services, and</li>
<li>Fixed store kirana merchants</li>
</ol>
<p>The session brought together practitioners, policy influencers, and financial service providers. The presentation was facilitated by Jayshree Venkatesan (Financial Sector Specialist) and Ayush Chauhan (Design Strategy and Innovation Specialist).</p>
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