Unlocking the Power of Digital Finance
As the wave of digitalisation sweeps across Ghana, it gives companies the ideal opportunity to build new services in the financial space. In order to unleash the potential value of digital finance, industry analysts like McKinsey recommend building products that people prefer to existing alternatives, as one of the key enablers.
DCM enables this requirement through its unique products, platforms and service offerings. We resolve the basic challenges to Ghana’s financial inclusion, which include:
- Overcoming the barriers to entry by democratising mobile banking services
- Meeting the high regulatory requirements in the industry
- Resolving unfamiliarity on new fintech services, by making them easy and accessible to the end-user
Mobile Money: Breaking Barriers to Financial Access
Mobile money plays an almost exclusive role in bringing financial inclusion to emerging economies. The whole system of nano finance is rooted in the viability of mobile money as a medium to bridge the gap between the unbanked and credit institutions.
Nano finance focuses on providing emergency funds to the financially insecure population at reasonable rates, helping them manage income and expense volatility in their daily lives. Loan applicants no longer need to build a strong business case to access credit, which is typically in the amount of $30 or less. The use of technology intervention reduces lengthy waiting periods, while efficiently managing associated risks – making the process favorable for all parties involved.
Who We Serve
DCM enables digital financial services in Ghana by interlinking its underserved and typically unbanked population with financial service providers (FSPs). We address the needs of lenders by offering a platform for them to reach out to the Ghanaian population. These platforms help them gather valuable insights to build offerings that facilitate financial inclusion. Simultaneously, we cater to the needs of the public who have no access to financial services and no credible financial identity to access credit products.
Licensed Financial Institutions
- Universal banks
- Savings & loan providers
- Microfinance institutions
- Microlenders
- Development companies
Mobile Money Subscribers
- The underserved and typically unbanked adult population (economically active)
- Geographically dispersed customers
- Small scale retailers (monthly revenue below $200)
- The financially insecure (high income and expense volatility)
How We Work
DCM offers its digital lending products to government agencies, financial institutions and NGOs that wish to engage customers in this space.
Our products are available in OPEX-focused Platform-as-a-Service (PaaS) models, making them a cost-effective, highly flexible and scalable alternative for companies who are looking to avoid heavy technology investments.
Our engagement model is built on a blended system of trust, profitability and social interest. Process efficiency is enabled by advanced technologies, like AI, which are foundational elements in all our products.
Have a question?
Connect with us.
