If you've read other posts on OpenFinInc or Financial Inclusion at the Bottom of the Pyramid, you've discovered GCash mobile banking as an example of worldwide financial inclusion. Mobile transactions, enabled by entrepreneurial firms, provide millions of people in emerging markets with financial … [Read more...]
Archives for Mobile Banking
Mobile banking, provided by telcos, banks and other companies, offers money transfers and other financial services primarily using mobile phones.
When bankers really let their hair down, a universal comment emerges: “We don’t know how to make money from small depositors.” Complicated fee structures and high-margin products designed for big-ticket consumers have floated the financial services industry for a long time. Success Comes from … [Read more...]
If only 1 in 10,000 merchants accepted your debit card, would you still carry it, or would you ditch it for cash? The answer probably feels a little obvious: I’d ditch it for cash! That’s because the payments industry represents a “two-sided market”. Someone needs to issue payment instruments to … [Read more...]
Mobile banking in the financial inclusion movement continues growing worldwide. The traditional financial services industry is struggling today to keep up with a rapidly changing world. Part of the struggle comes from the complete solution paradigm. For example, a large retail bank will offer … [Read more...]
Ten years ago, running a “mobile money” or banking operation in Cambodia attracted few investors or companies. This war-torn country with its agrarian economy seemed like the last place on Earth to advance the cause of financial inclusion. But things change. A company called “Wing,” financed by … [Read more...]