Accessibility is a critical success factor for any service. The role of informal institutions in providing financial services to the members of the community, and concludes by highlighting the opportunities these are present for formal financial service providers but in order to ensure accessibility of banking services, a bank has to have a wide branch network of fully branded brick and mortar marble banking halls with all the necessary security systems. The set up costs of these are so high and to recoup the same, the bank has to pass on the cost to the ultimate consumer.
Alternate Payment Method i.e Mobile Payments – We are living in an era of digital life. Almost everyone has a mobile device in their hand but “how do we” and “for what we” use it, may differ. Some devices are equipped with more innovative and life-changing features, which […]