This podcast episode delves into the key differences between for-profit organizations and non-profits, emphasizing the need to incorporate the profit motive into development efforts to effectively address global challenges. For-profit organizations' annual accountability cadence offers a sense of urgency that drives increased profitability and the use of data analytics. The episode explores challenges in expanding financial access in Nigeria through agent banking and proposes a profitable agent banking model based on research and data analytics. It showcases the transformative impact of FinTech in driving economic growth and financial inclusion in developing countries, urging listeners to consider the potential of their business practices to contribute to positive change.
