Why does Pakistan have relatively few mobile wallets despite high mobile penetration?

Asked Sep 11, 2015· 1 answer ·Asia, Emerging Markets, Indian Subcontinent, Pakistan, South Asia
Faisal KhanAnswered Sep 11, 2015
Great question!

To answer this, I suggest two reading materials as put out by Karandaaz Pakistan:

  • Using Mobile Money to Promote Financial Inclusion in Pakistan
  • Financial Inclusion Insights Survey (a must read report).

Both of these reports give a fantastic insight as to why mobile financial inclusion in Pakistan is lacking and back it up with hard data and questions / answers.
Financial InclusionUnbankedEmerging Market EconomiesFinancial Inclusion Policy AsiaEmerging MarketsIndian SubcontinentPakistanSouth Asia
Related in Emerging Markets and Financial Inclusion
Why is mobile money adoption higher in developing countries than developed ones?1 ansWhy is financial inclusion especially important for developing economies?1 ansFrom an unbanked person’s perspective, why is it beneficial to become banked?1 ansWhat strategies are most effective for helping unbanked people in the U.S. become fully banked?1 ans