UCI Community Credit partners with nonprofit Abrazar and PhotovoiceWorldwide to capture community stories of financial struggle, resilience in photographs The photos lining the community room at Santa Ana’s Delhi Center on May 12 may have seemed, at first glance, unrelated:
By Sunniva Sandbukt (Assistant Professor at the IT-University of Copenhagen)This blogpost draws on fieldwork conducted in Yogyakarta, Indonesia, between 2018 and 2019 for the author’s PhD. Enter E-MoneyThe use of “e-money” in Indonesia began in 2007. In 2009, uang elektronik
By Clément Crucifix (UCLouvain, Belgium) When we think about financial inclusion, we often imagine people going by themselves to financial institutions or directly using payment apps on their phones. We think of access as individual, direct, and unmediated. For people
By Bernardo Bátiz-Lazo (Northumbria University and Universidad Anahuac) and Ignacio González Correa (University of California, Davis) In our project, we looked at family remittances between the United States and Mexico, the third-largest remittance corridor worldwide by volume, after China and
By Olayinka David-West (Professor of Information Systems, Lagos Business School) and Immanuel Umukoro Nigeria launched the eNaira, Africa’s first central bank digital currency (CBDC), on October 25, 2021, as part of the country’s larger shift toward digital payments and away
By Caroline Mangowal (PhD, Founder of RISE Indonesia) RISE conducted a small-scale qualitative research project in Greater Jakarta in May 2022 to explore emerging payment systems and financial inclusion (contrasting cash and digital dependency and the entanglement between the two,
By Agus Indiyanto (Universitas Gadjah Mada, Indonesia) For Vera, 23, a culinary entrepreneur, digital payment options are a necessity, as they are for most Indonesians. These payment instruments provide answers to present-day demands that everything be done easily, practically, and
By Debashis Acharya (School of Economics, University of Hyderabad) and Alok Kumar Pandey (Department of Anthropology, University of Hyderabad) The Reserve Bank of India (RBI), India’s central bank, announced the pilot launch of the Digital Rupee (e₹), a central bank
By Bill Maurer (PhD, IMTFI Director) From March to June 2022, researchers around the globe affiliated with the Institute for Money, Technology & Financial Inclusion (IMTFI) conducted fieldwork and survey research in order to understand the existing digital and mobile
Invitation to MIT DCI’s online research release event:Thursday, January 12th 10-11amET CBDC represents a novel opportunity to redesign the fundamentals of our financial system. Could a new architecture for money expand access to financial services among the unbanked or underserved?
