pinBox is a global social pensionTech committed to digital micro-pension inclusion in Asia, Africa and Latin America
Specialized, white-labelled and API enabled enterprise micro-pension, savings and insurance administration and delivery platform. Can be customized within a few months. For any country.
We leverage the existing digital finance ecosystem to help ‘switch-on’ an omni-channel, multi-product digital ‘marketplace’. On a variable cost basis.
We help design products, processes, governance frameworks and voluntary coverage expansion and persistency strategies. And provide our field-tested retirement literacy and training toolkits.
We undertake research, publishing and events to foster cooperative and collaborative stakeholder actions for more comprehensive pension, savings and insurance 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
Specialized, white-labelled micro-pension and insurance administration, record-keeping and digital delivery platform.
Uses secure APIs to integrate the existing digital finance ecosystem. Helps “switch-on” a national digital micro-pension marketplace for non-salaried individuals. Within a few weeks.
Easily customizable for voluntary micro-pensions for the self-employed. Also for administering mandatory pension and PF schemes for salaried workers. In any jurisdiction.
Helps governments, pension funds and insurers avoid high capital costs, lead-time and risks (of mistakes in design) in building proprietary pensionTech from scratch.
ISO 27001: 2013 and ISO 9001:2015 certified platform based on a micro-services architecture. Automated, real-time accounting, reconciliation and allocation of contributions. Zero risk 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.
First country in Africa to adopt the pinBox model. By 2022, the Ejo Heza program had 2.4m voluntary subscribers, half of whom are women. RwF 50 billion in new long-term savings mobilized since 2019.
pinBox pensionTech deployed with Zamara and Prudential for an integrated pension and insurance solution for Kenya's 17m informal workers.
Five non-linear digital delivery platforms built and field-tested for India. Product partnerships with leading financial institutions. As also with highly trusted and committed outreach partners to jointly deliver micro-pensions to their over 20m clients.
Insurers and AMCs looking to build a new mass-market for pensions and insurance among LMI segments.
Governments and regulators looking to expand voluntary pension coverage to excluded non-salaried workers.
Pension administrators looking to migrate from legacy tech to a more modern, agile, low-cost and user-friendly pension admin platform. And extend formal pension benefits to informal workers
Aggregators (banks, gig platforms, MOs, fintechs) looking to increase their services portfolio, earn new fee income and build long-term client connect and loyalty.
pinBox has deployed its pensionTech platform, jointly with WhatsApp and some of India’s top financial institutions. We’re jointly building an omni-channel, multi-product digital micro-pension marketplace for India’s 400m informal sector workers.
pinBox and WhatsApp have joined hands to make saving for old age as easy and simple as sending a message. The pinBox-WhatsApp platform is already live in India and Kenya.
Jointly with AFR, pinBox helped Rwanda’s finance ministry design, build, field-test and implement Ejo Heza — Africa’s first, fully digital micro-pension program for informal sector workers. Since 2019, Ejo Heza has achieved ~2.4 million voluntary subscribers and an AUM of around RwF 50 billion.
pinBox worked with URBRA (Uganda’s pensions regulator) to design the blueprint for an inclusive, secure, affordable and sustainable micro-pension scheme for Uganda’s 12 million informal sector workers.
UNCDF-PFIP and pinBox helped NASFUND and the Central Bank of Papua New Guinea develop a sustainable and scalable digital micro-pension inclusion strategy for PNG’s 4 million non-salaried workers.
Gift-a-Pension™ is a global micro-pension inclusion campaign and platform for domestic workers. It encourages and enables households to help their domestic workers save for their old age. Most employers also co-contribute.
pinBox is working with BRAC micro-finance to jointly design and build a sustainable and scalable digital micro-pension and insurance model for self-employed women, RMG workers, gig workers and domestic help.
Zamara and Prudential are using the pinBox pensionTech platform to deliver “Fahari”, a national-ID linked digital micro-pension and insurance solution, to Kenya’s 17 million informal sector workers.
pinBox is working with 30 senior policymakers, regulators, DFIs and digital financial inclusion experts from 15 countries to publish this Africa-focused book. This will be released at a global roundtable in mid-2023.
In 2021, pinBox deployed its global ‘Gift-a-Pension’ platform in Kenya with Zamara and Prudential. This helps deliver an integrated pension and insurance solution to Kenya’s 2 million domestic workers through their employers.
pinBox and EFInA engaged with the highly committed micro-pension department at PENCOM (Nigerian pension regulator) to explore new ideas for expanding micro-pension coverage to Nigeria’s 50 million excluded informal sector workers.
The pinBox microPension Policy Toolkit is a free resource that helps generate a range of simulations to assist informed policy, regulatory and business decisions on micro-pension system, products and benefits design.
With a listing sample of over a million households and in-depth interviews with some 106,000 respondents, the IIIS Survey conducted by pinBox promoters is still the largest-ever retail finance markets research conducted in India.
The World Bank and pinBox worked with URBRA (Uganda’s pension regulator), to design a scalable and sustainable digital administration and delivery model for expanding voluntary pension coverage to Uganda’s 15 million informal sector workers.
This 600-page volume was produced in collaboration with 45 policymakers, regulators and digital finance experts from 22 countries. This pinBox book was released at a global roundtable hosted with Georgetown University and UNCDF in Washington DC.
Jointly with Sambodhi Research, pinBox launched a panel survey series to track and monitor digital and financial literacy levels and retirement outlook of India’s low and middle-income segments.
pinBox worked with Kenya’s National Treasury and the Retirement Benefits Authority (RBA) to review the MBAO pension scheme. pinBox also helped design an efficient administrative framework to expand micro-pension coverage to Kenya’s 17m informal workers.
Jointly with FSD Uganda and URBRA (Uganda's pension regulator), pinBox reviewed Uganda’s micro-pension regulations and deployment experience, and developed a sustainable and scalable approach for a more inclusive pension program.
The World Bank and pinBox worked with India's Finance Ministry, PFRDA (India’s pension regulator), Government of Andhra Pradesh and SBI to design and field-test a fully digital, bank-led model for delivering the NPS to India’s 400m informal sector workers
pinBox hosted its first global policy roundtable on digital micro-pension inclusion with the Georgetown University and UNCDF at Washington D.C. Policymakers, regulators, digital finance experts, think-tanks and DFIs from over 30 countries participated in this meeting.
The World Bank and pinBox conducted a feasibility study for the Finance Ministry of Bangladesh on establishing an inclusive private pensions market for the roughly 50 million excluded informal sector workers.
pinBox was adjudged among the 10 most innovative fintech solutions globally at the by Access to Finance (AFI) Global Policy Forum 2019 at Kigali for using technology for inclusion of women and youth.