Can MNOs Lead the Way for Banking the Excluded? (1 of 2)

by Puneet Chopra and Raunak Kapoor
Nov 10, 2012
1 min

This Note, examines how well MNOs are positioned to provide banking services, and what challenges and barriers they would face in the battle to emerge victorious.

There has been much debate over the limited success of the business correspondence (BC) model in providing meaningful access to financial services to the poor in India. One common argument is that mobile network operator (MNO)-led mobile-money models have been more successful than bank-led models in several parts of the world. Could MNOs emerge winners in India too? This Note, and the next in the series, examine how well MNOs are positioned to provide banking services, and what challenges and barriers they would face in the battle to emerge victorious.