Exclusive Series

Can Governments Ignite Financial Inclusion Programs?

The PYMNTS.com Financial Inclusion TrackerTM provides the organizing framework for evaluating and examining the players that provide digital financial inclusion services to the billions of underbanked and unbanked around the world.

Overview

  • Is bitcoin relevant in developing markets? Apparently some innovators believe so. Africa's mobile money market is poised to grow to $15 billion in the next five years, and startups including BitX, ICE3X and Bitsoko are hoping that will help them build in a demand for bitcoin.
  • Big players launch new initiatives. Visa has upped the ante in the developing markets by opening a development center in Bangalore and launching mVisa, a mobile payment service that the company will test in Southern India.
  • Going beyond money in. As the market matures, advanced services including peer to peer lending and bill pay are outperforming essential services of mobile banking and airtime top-up.

 

Player Updates

  • This edition includes 8 new companies: Azimo, IDT Corporation, BitX, Telma, Tigo, Mobile Financial Services, WorldRemit and Transfast.
  • We also updated profiles of two existing players: Nettcash and Airtel Money.

Commentary

This month's tracker includes a detailed commentary on how government-sponsored initiatives can sometimes be the boost that markets need to move financial inclusion initiatives forward.  

DOWNLOAD THE AUGUST 2015 TRACKER

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NEW PYMNTS DATA: HOW WE SHOP – SEPTEMBER 2020 

The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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