Telecommunications Payments: Telecoms' Emerging Role In The Payments And Banking Fields

Telecoms Seek to Unlock Financial Services for 1.7B Unbanked  Individuals with mobile phones outnumber those with bank accounts in the most underbanked regions of the world, offering the telecom industry a prime opportunity to fulfill a vital role. In this month’s “Telecommunications Payments Tracker®,” a collaboration with i2c, four telecom providers tell PYMNTS how the industry is ideally positioned to provide financial access to unbanked households.  
Inside the December Tracker
  • Four telecom providers detail how the industry is uniquely positioned to help unbanked households — as well as some areas needing improvement
  • Partnerships with FinTechs and FIs could allow telecommunications companies to transform access to financial services through innovation and improve financial inclusion globally
  • As new nonbank financial systems such as telecommunications payments swiftly replace banks in many consumers’ lives, “unbanked” could take on a whole new meaning

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    i2c Tracker Series

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