Mobile Money systems offer a dual promise: financial inclusion & business opportunity
Two billion individuals and 200 million small businesses in emerging economies today lack fair access to savings and credit. Success in financial inclusion entails reaching these users with products that go beyond payments and can significantly improve people’s financial lives. Providers who can do so profitably can tap into huge and largely untouched markets. To uncover how digital payments providers can capture these opportunities while benefiting underserved people, we have examined the actual financial and transaction data of a sample of mobile money providers.
Carl Scheible, CEO, Qi Pay
Olivia White, Partner, McKinsey & Company