Challenges

Formalisation, digitization, access, settlements, equality - dispute resolution and business/legal fairness 'get rewarded for good work', sustainability (create a level playing field), MSME order to cash automation, MSME financial reporting, audit and compliance (without any effort), MSME ERP, MSME risk management, MSME credit insurance, MSME financiers back office costs and risk costs, KYC AML and fraud and also MSME finance.

Description of Innovation

By moving from payment to clearing for business and its financing, financial fulfilment of MSMEs (and large companies) becomes easy, has low cost and enables effective financing and insurance of companies and provision of business administration services. A clearing house for business

Results

Grow GDP 1% extra per year in a sustainable way.

Lessons Learnt

Legal and regulatory environment.

A desire of the government to make progress