Leveraging Digital Finance to Scale the Solar Home Systems Market in Pakistan
Decentralized solar home systems (SHS), coupled with asset finance, can provide affordable and reliable electricity to the off-grid population in Pakistan and can augment the energy supply where the grid is available but the electricity supply is l...
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| Format: | Report |
| Language: | English |
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/undefined/099035001102212371/P16931302f0bb9084093da0f35e167ee29a http://hdl.handle.net/10986/36836 |
| Summary: | Decentralized solar home systems
(SHS), coupled with asset finance, can provide affordable
and reliable electricity to the off-grid population in
Pakistan and can augment the energy supply where the grid is
available but the electricity supply is limited. Pakistan
ranks high on the metric of market readiness for SHS
technology. In addition, the country has all the underlying
system requirements to leverage mobile banking for growing
the local SHS market. In 2020, there were 167.3 million
cellular mobile subscribers providing mobile phone access to
95 percent of the country’s households. The GSM Association
(GSMA) estimates that close to 30 million people, or 14
percent of the total population in Pakistan, is covered by a
mobile network before having access to the grid. This brief
analysis was compiled by the World Bank to assess the
potential for using mobile banking to scale the SHS market
in Pakistan. The report explores the synergy between mobile
banking services and SHS businesses, and develops a use case
for mobile wallets in SHS business models through a case
study of the SHS market in Sindh, Pakistan. |
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