pinBox is committed exclusively to digital micro-pension inclusion in Asia, Africa and the LAC. We help design, build and deploy inclusive, digital micro-pension systems that enable and encourage non-salaried workers to save for a secure and dignified retirement.
Ready-to-Deploy, white-labelled and API enabled digital micro-pension administration and delivery platform.
Can be customised within a few weeks. For any country. At a near-zero capital cost.
Field-tested and fully customisable retirement literacy and training toolkits.
Can be easily adapted for any country. Being used already in India, Rwanda and Kenya.
Diagnostics and market scoping.
Products and digital process architecture design.
Effective customer protection and governance framework.
Voluntary coverage expansion and persistency strategies.
Research and policy papers, publishing, roundtables and conferences to encourage cooperative and collaborative stakeholder action on micro-pension inclusion.
Percentage of the workforce across Asia, Africa and the LAC that is excluded from formal pension arrangements and thus not preparing for retirement
Population of the elderly in developing countries by 2050 who will not have a pension and will face extreme old age poverty for over 2 decades
Fiscal cost of a tax funded social pension of even US$1 a day to the future elderly
Inflation indexed monthly pension (at 2019 prices) that a 20-year-old could achieve starting age 60 by saving $1 a day in real terms
Value of new long-term savings within a decade if even 10% of the excluded young workers in Asia, Africa and the LAC begin saving $1 a day for old age
Specialised, white-labelled pension and insurance administration, record-keeping and delivery platform.
Uses secure APIs to integrate the existing financial inclusion ecosystem. “Switches-on” a national digital micro-pension marketplace for non-salaried individuals. Within a few weeks.
Can be easily customised and deployed for voluntary micro- pensions for the self-employed. And for occupational pension and PF for salaried workers. In any country.
Helps pension administrators and insurers avoid high capital costs, lead-time and risks (of mistakes in design) in building a proprietary pensionTech platform from scratch.
Automated, real-time accounting, reconciliation and allocation of contributions. Zero risks of errors or fraud.
Real-time MIS and reports to monitor efforts and outcomes. Automated process, TAT and SLA compliance monitoring through real-time exception reports.
We unveiled our Africa pensionTech Platform and our decision to set up pinBox Africa during the inaugural Afro-Asia Fintech Festival at Kenya. pinBox is committed to supporting African nations in achieving comprehensive pension inclusion
pinBox and UNCDF-PFIP helped NASFUND and the Bank of Papua New Guinea (BPNG) in designing a digital micro-pension solution for PNG’s 4 million non-salaried workforce.
pinBox and Mastercard worked with Rwanda’s Finance Ministry, Access to Finance Rwanda (AFR) and RSSB to design, build and implement EjoHeza - Africa’s first, government sponsored, NID-linked digital micro-pension scheme.
pinBox produced this 600-page volume in collaboration with 43 policymakers, regulators and leading financial inclusion practitioners from 22 countries. The next edition of this global book will be released in 2020.
pinBox and EFInA engaged with the micro-pension team at PENCOM (Nigeria’s pension regulator) on evaluating policy and strategy options for implementing a new micro-pension scheme for Nigeria’s 50 million informal sector workers.
Gift-a-Pension™ is a unique global campaign and platform developed by pinBox Solutions and the non-profit microPension Foundation. It encourages and enables middle and upper middle income households to open a digital micro-pension account for their domestic help.
pinBox hosted the first global policy roundtable on digital micro-pension inclusion with Georgetown University at Washington D.C. Policy-makers, regulators, digital finance experts, think-tanks and DFIs from over 30 countries participated in this meeting.
pinBox and World Bank helped the PFRDA and India’s Finance Ministry in developing a replicable, field-tested model for expanding voluntary coverage of India's NPS to its 450 million non-salaried workers.
June, 2020
