Mobile Banking: The 2 Billion Challenge

[vc_row full_width=”” parallax=”” parallax_image=””][vc_column width=”1/1″][vc_column_text]The PYMNTS.com Financial Inclusion TrackerTM organizes the digital financial inclusion services landscape examining and evaluating the companies in the ecosystem that serve the billions of underbanked and unbanked around the world.[/vc_column_text][vc_custom_heading text=”Where should we be looking? East” font_container=”tag:h2|text_align:left|line_height:2″ google_fonts=”font_family:Oswald%3A300%2Cregular%2C700″][vc_column_text]

India introduced policy proposals supporting online payments, fostering an environment for more inclusion.

Unified Payment Interface (UPI) was introduced to provide tokenization for online payments.

The country’s central bank gave approval to 11 applicants seeking to set up payment banks to boost financial inclusion.

[/vc_column_text][vc_custom_heading text=”A conversation with Omidyar Network” font_container=”tag:h2|text_align:left|line_height:2″ google_fonts=”font_family:Oswald%3A300%2Cregular%2C700″][vc_column_text]Making liquid money accessible and easy to spend for the unbanked can be challenging even for established organizations like the Omidyar Network. MPD CEO Karen Webster recently spoke with Arjuna Costa, Investment Partner at Omidyar Network, to hear how they are working with innovators and advocacy groups to bridge the financial and social inclusion gap.[/vc_column_text][vc_custom_heading text=”Tracker Updates” font_container=”tag:h2|text_align:left|line_height:2″ google_fonts=”font_family:Oswald%3A300%2Cregular%2C700″][vc_column_text]For this edition, we added 5 new companies and updated an additional 5, making the total number of providers covered 82. The new additions are: Mukuru, MyPay, PayBill, Xpress Money and YellowPepper. Profiles for MoneyGram, Western Union and WorldRemit, mKesh and Tigo Money were updated.

To download the latest Financial Inclusion TrackerTM, click here.

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