Staying Smart and Relevant in Banking
With the population size of developing countries projected to overtake that of the developed world by five to one – banks that are seeking to introduce new revenue streams are presented with a great opportunity.
Namely, in these emerging markets formal banking reaches only 37% of the population. (McKinsey) And, while often these unbanked individuals, i.e. the remaining 63%, may seem unreachable, there is a way to reach them. This would be – with mobile financial services and innovative distribution models.
We invite you to access this deck to learn about:
- The new distribution models that enable banks to reach the unbanked and successfully enter the mobile financial services arena;
- The secret behind the success of new entrants to financial services, and how they are capturing market share with the unbanked;
- How select banks in Asia are leveraging mobile financial services to improve the value proposition, grow the number of active users, and increase the number of monthly transactions.