Mobile money for the unbanked RSS
Around two billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to the World Bank. When financial inclusion is a key enabler to reducing poverty and boosting prosperity, we investigate what the payments industry is doing around financial inclusion. At its most basic, [...]
The post Financial inclusion – Addressing the unbanked in developing countries appeared first on Payments Cards & Mobile.
A new Roland Berger study, entitled Mobile Money for the unbanked – Avoiding common industry pitfalls, highlights the challenges of creating a Mobile Money operating arm, cautions operators that success isn’t guaranteed despite potentially high demand, and provided actionable recommendations. As part of the research more than 20 operators across Africa and Asia were analyzed. [...]
The post Mobile money for the unbanked – Avoiding common industry pitfalls appeared first on Payments Cards & Mobile.