Financial capability is the ability to make informed decisions about the use and management of one’s money. IPA’s Financial Capability Initiative incubates, develops, and rigorously evaluates products and programs that improve the ability of the poor to make informed, welfare-enhancing financial decisions by supporting tests and evaluations of innovative product designs and product-linked financial education interventions that aim to improve financial capability.


There are an estimated 411 million mobile money accounts worldwide, allowing even the poor in remote areas to send and receive money at low cost.

In 2012, remittances from migrant workers to developing countries were roughly three times the total amount of global foreign aid, yet little is known about how to make these funds work better....