Category: Financial Inclusion
Remittances – Game Changer For Economic Development
If just for a minute we can assume every person on this planet has mobile phone, every mobile user has a bank account/wallet, every bank account is created instantly, virally and at no cost, No bank charges exist,
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FinTech & Indonesia
Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) a government agency, which regulates and supervises the financial services sector, has finally issued a regulation on financial technology (Fintech) firms that run peer-to-peer (P2P) lending businesses in Indonesia. On the other hand Bitcoin penetrates deeper into Indonesian market, exciting times. In August 2016 in Tangerang, Indonesia OJK was preparing for regulations to support financial technology businesses. Financial regulators
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2017 Year of AI & Digital Payments
To draw a rough sketch of exaggerated scenario of how these two technologies (AI & FinTech) may interact with us in the future and what warrants the, perhaps perplexing, 2 super powers. AI’s Control systems are widely used. They govern how a simple thermostat adapts to a target temperature.
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Financial Inclusion to Balance Gender Gap
Nigeria & South Africa is better in terms of women getting rights on what they deserve than DRC or Kenya different. This phenomena can be compared with almost all advertisement depicting a clock standing still in one place such as ten minutes past to ten as its most appealing to human minds. Giving best and large enough space for advertisements to be displayed clearly if forty minutes past four is chosen will also give the same scope but does not appeal well.
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Banking the next billion unbanked
Most of the companies coming into the mobile payments space are actually coming in with little or no experience in the sector and often fail to provide a soulful touch and product to customers. Segmenting customers based on a few simple parameters (like age, potential earnings and spending habits) will therefore ensure that business models are drawn properly and will serve relevant customers.
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Financial inclusion (Finclusion) – Need or Opportunity
Financial inclusion is a key enabler in reducing poverty & boosting prosperity and to get delivery of financial services at affordable costs to sections of low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Getting payment products to “understand” each other, or to be “interoperable,” is a big challenge to solve under financial inclusion model.
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Transforming lives with Mobile Money
Today’s consumer expects a seamless mobile payment experience; failing to meet those expectations can be devastating to a brand, idea, innovation and eventually the payments industry.
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Mobile Money – Subscribers (Thoughts & Experience)
The success of mobile money heavily depends on accessibility. The agent is the primary access channel for mobile money as the conduct agent-centred transactions like registrations, cash-in and cash-out transactions, Agents trade mobile money for a commission.
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Mobile Money – Key Stakeholders
Technology is a friend/ helper not as tester or rocket science; MFS product use and accessibility needs to be simple for people to make them comfortable and pull out maximum benefits especially for unbanked who have not seen the real MFS. Study from google shows that globally, mobile money users transacted a total of USD 7.5 billion through 479.5 million transactions in the month of December 2014. If cash-ins and cash-outs are included, mobile money users performed 717.2 million transactions, total of USD 16.3 billion.
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Mobile Financial Services – Powerful Tool for mCommerce
With the advancement in technology like artificial intelligence, quantum computing, blockchain, etc. organizations outside the banking industry are diversifying and demystifying financial services. Targeting small & succinct margins in the space they are making a lot. These were organizations servicing millions of customers through broad distribution channels, be they, mobile operators, mobile handset manufacturers, retailers, or online merchants.
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Women in Financial Inclusion – Why women Needs To Be In
Nigeria & South Africa is better in terms of women getting rights on what they deserve than DRC or Kenya different. This phenomena can be compared with almost all advertisement depicting a clock standing still in one place such as ten minutes past to ten as its most appealing to human minds. Giving best and large enough space for advertisements to be displayed clearly if forty minutes past four is chosen will also give the same scope but does not appeal well.
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Mobile Money Services – Expectations vs Experience
The promotion of financial inclusion has resulted in the development of inclusive digital environments, and this digital revolution has proliferated globally. At the foundation of this shift is an IT system driven by data science and machine learning techniques. The exertion of educating, embracing, and acknowledging customers may have influenced the achievement that has been noted. The growth of including finances has offered greater benefits and advantages to customers and mobile financial services entrepreneurs.
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Mobile Money and Mobile Payments – Intro to MFS
Mobile Money and Mobile Payments – Mobile Financial Services or FinTech Intelligence platform usually allows various users to access its services. Service access channels are […]
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How Financial Inclusion Can Lift The Country Economy
Financial inclusion means giving people and businesses the chance to use different types of financial services, such as loans, savings accounts, insurance, and other money-related services. This access to capital and financial tools fosters a good and strong platform for starting businesses, encourages investment and promotes economic growth. It helps people start and expand their businesses, which creates jobs, contribute to country growth, things gets more efficient, and helps the economy get bigger.
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Introduction to Mobile Money Basics
The topics of mobile financial transactions and advanced computer intelligence are currently on everyone’s lips. The mobile money industry serves as a prime illustration of how to establish successful business models that require minimal technical assistance through the utilization of effective maturity levels, strategies, and comprehension.
