A JOURNEY FROM PHYSICAL TO VIRTUAL WALLET
Thanks to the exponentially evolving electronic payment technologies, the banking sector is on the precipice of some dramatic changes. Today, a small startup can identify, develop and market a single payment service and take away a big chunk of business from the banking sector. Therefore it is not only an opportunity for such startups and related businesses (for example Telcos) to delve into the financial payments market, it is also high time for banks and other financial institutions to use their massive infrastructure and industry insights to develop new and exciting products through these evolving technologies. One of these buzzed-about technologies is Mobile Money, which we’ll explore in this document.
Branchless Banking is finally in a place where it can hold its own among the various electronic payment options in the market.
