How Mobile Technology Is Broadening Financial Access in Less-Developed Countries While Driving Business Opportunities for Global Companies I. Introduction Access to financial services is a major challenge for more than half the world’s population. In less-developed countries, 70 percent of the population has little...
We often hear that M-PESA was able to scale quickly because it targeted an unmet need: urban to rural remittances. Safaricom based the initial launch of the M-PESA service on the “send money home” proposition because a large proportion of split families in Kenya needed...
The global mobile payment market is poised to explode over the next few years. One report predicts it will quadruple by 2014, reaching $630 billion in value.[i] According to this report, the growth across all market segments is being driven by the wide adoption of...
Introduction Have you received a call recently from your credit or debit card issuer asking you to verify suspicious transactions, only then learning that your card data was compromised and used to make payments that you didn’t authorize? Or, even worse, have you found strange-looking...
Ah, September! It’s the beginning of fall: back to school, football, sweaters here in Boston, and now apparently, the race to the physical point of sale – mobile payments style. PayPal let the world in on its mobile payments vision two weeks ago at an...
A famous American philosopher by the name of Yogi Berra once said that it’s tough to make predictions—especially about the future. And of course any economist worth their salt knows that you should never make forecasts that can be disproved in your own lifetime. (I...
