How will mobile financial services achieve mass adoption among both the banked and unbanked?

Asked May 12, 2016· 1 answer
Faisal KhanAnswered May 12, 2016
Utiba (now owned by Amdocs) had an answer to this. Recalling from memory:

Reaching a mass market will be driven by a comprehensive consumer financial inclusion.

In order of priority:

  • Telecom Services (Easy To Achieve - Low Hanging Fruit)
  • Money Transfer
  • Merchant Payments
  • Savings
  • Credit & Insurance (Difficult to Achieve)

The Length of the arrow above indicates effort and time required to reach the goal.

References:

  • Amdocs: Telecommunications | Unified Communications | Network Services | Managed Network Services
  • Utiba: Amdocs Mobile Financial Services
Financial InclusionUnbankedUnderbankedFrontier Markets
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