The Bankwatch

Tracking the consumer evolution of financial services

Mobile operators are focusing their payments initiatives on … unbanked

Payments News makes a point that is becoming consequential in strategic terms for Banks. Mobile Payments = cheap remittances for the unbanked. Yet the ‘banked’ continue to pay high fees … hmmmm

Payments News: A Look at Orange Money – May 07, 2008

As we’ve seen previously with M-PESA in Kenya, the mobile operators are focusing much of their mobile payments initiatives on markets where a large majority of the population is unbanked.

Written by Colin Henderson

May 7, 2008 at 21:35

Posted in Payments

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