Tag: Point of sale

This note talks about the gains from various technologies such as ATMs, plastic cards, mobile phones, used by the present banking system to serve the people belonging to lower income.

This note discussed that mobile wallets are no different from any other aspect of financial inclusion. The dominant player is still usually the bank.

In this note, for the past five-six years, most efforts to move money via mobile phones or point-of-sale (POS) terminals have required full bank participation, or at least bank partnership.

This note focuses on the relative merits of the POS and the mobile phone in a branchless banking environment.

This note talks about the gains from various technologies such as ATMs, plastic cards, mobile phones, used by the present banking system to serve the people belonging to lower income.