Banking the Unbanked
Market Disruption > Capital Markets
Low-cost, basic banking solutions, often delivered through mobile devices, are helping financial institutions serve unbanked populations, enabling greater economic growth
Low-cost, basic banking solutions, often delivered through mobile devices, are helping financial institutions serve unbanked populations, enabling greater economic growth
Illustrative Disruptions
- Growing customer base – Expanding serviceable markets as unbanked populations gain access to financial platforms and are able to buy products and services sold online
- Increasing capital – Making deposits that contribute to increased capital availability that companies can use to grow businesses
- Potential local partnerships – Enabling financial mechanisms that open up opportunities for mutually-beneficial partnerships with local, grassroots suppliers
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