Rashmi Pillai

Senior Financial Sector Specialist

Rashmi Pillai contributes to CGAP’s work on resilient rural women at the intersection of agriculture and climate change. 

Rashmi is a global executive with 19+ years of experience in impact investing, digital financial services, inclusive and competitive financial markets development, and financial markets policy and regulation across Africa and South Asia. Previously, she was the Anglophone Head of Public Policy for Wave Mobile Money and contributed to Wave’s operations in its six African markets. Prior to that, she was the CEO at Financial Sector Deepening Uganda (FSDU). Before FSDU, she served as a digital financial services technical expert to two organizations – CGAP, at the World Bank and the Better Than Cash Alliance at the UNCDF across multiple African countries. Rashmi is also the founder of the "Sankalp Forum" – the first major impact investment deal flow platform in India for for-profit social enterprises and took it to scale. The forum has now expanded across Southeast Asia and East Africa. 

Rashmi has a master’s in public policy from Harvard Kennedy School of Government, Harvard University on a Fulbright Scholarship. She also holds another Masters in Spectroscopic Physics from M.S. University Baroda, India.

By Rashmi Pillai

Blog

The Impact of Shutting Down Mobile Money in Uganda

Citing a threat to national security, the Uganda Communications Commission ordered mobile network operators to disable Uganda's mobile money platforms ahead of February 2016 elections. How were customers, mobile money agents, and other businesses affected by this shutdown?
Blog

Lessons from Aggregator-Enabled Digital Payments in Uganda

To understand factors impacting aggregator profitability regarding digital bulk disbursements, we took a close look at a pilot in Uganda, where six USAID funded organizations tested digital payments to end recipients via payment aggregators.
Blog

The Business of Aggregators: A Changing Market

Aggregators work in the background to help businesses, governments and donors easily connect with a variety of payment services. But how do aggregators get off the ground, what is their size and reach, and how does the business model work?
Blog

Aggregators: The Secret Sauce to Digital Financial Expansion

Aggregators are key players in the digital financial services ecosystem, but primarily operate in the background. What exactly is their role and why are they important?