MSMEs and Electronic Payments

Matt GamserHead, SME Finance Forum

Advisory Committee on Corporate Payments Perugia, March 2012

SME Finance Forum Mission

Promote and disseminate global knowledge and good practices in SME finance to accelerate financial inclusion for SMEs

Background

Part of

Hosted by

Launched on April 19, 2012

Achievements to date

News/reports on SME finance with daily feeds

Growing LinkedIn group: over 1200 members

Promotion of innovative approaches to promote SME finance/SME Finance Challenge

Data sharing/harmonization Policy dialogue (G20/AFI) Impact analysis Women’s Finance Hub coming

Get Involved

Participate in the SME Finance Forum community on LinkedIn

Share your publications and other knowledge resources on our website

Tell us what areas/ topics you would like the SME Finance Forum to cover

Our TeamMatthew Gamser, Headmgamser@ifc.org

Hourn Thy, Operations & Technical Supportshthy@ifc.org

Nadia Afrin, KM & Web Communicationnafrin@ifc.org

Minerva Kotei, Women’s Finance HubMkotei@ifc.org

Nothando Nyathi, Administrationnnyathi@ifc.org

Support for the SME Finance Forum:

Support for the G20 Finance Innovation Fund provided by:

Donors

Formal SME credit gap remains as large as ever at ~ $ 1 Trillion

Today 55-68% of formal SMEs in emerging markets are either unserved or underserved

82-86% (~ 0.8-0.9 Tn) of total credit gap of formal SMEs in emerging markets is represented by formal SMEs that already have a deposit account

But financial institutions face 6 main challenges when lending to SMEs

….. And banks need capacity to address these challenges

Myths and Opportunities #1

Myths and Opportunities #2

Myths and Opportunities # 3

And maybe all of us?

MSME and Payments

• More electronic transactions lower information costs• More electronic transactions save time and money for firms• More electronic transactions offer alternative portfolio

management options

Issues:• Payments data availability• Movable assets/secured transactions rights/regulations• Inter-operability• Financial institution capacity/awareness

On the Web at www.smefinanceforum.org

LinkedIn Group: SME Finance Forum

Twitter: @SMEFinanceForum

MSMEs and Electronic Payments

Economy & Finance

Transcript of MSMEs and Electronic Payments

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