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Related ResourcesClients’ Willingness to Pay “Reasonable Fee” for BC Services
Speculation on the Future of Financial Services for the Poor in IndiaCountry Focus Notes Author: Graham A.N. Wright
Published: January 19, 2011
In the long-term, as multiple products are offered across the mobile money platforms, this will revolutionise financial inclusion, and the poor will have access to savings, remittances, payments, insurance, individual cashflow-based loans and air time top-up, plus a host of other services through agents based with a few yards of their houses. It is the deepening of this relationship that will allow the banks to better manage credit risk, and thus begin to make small advances to customers on the basis of their savings/insurance histories. The stage in India is set for very significant change ...