Electronic Banking: The Next Revolution in Financial Access

• by Graham Wright and Manoj Sharma
• Jul 1, 2007
• 1 min
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This note concludes with highlighting opportunities for financial institutions and telecommunications companies, regulators’ willingness and understanding the present market demands for enhancing financial inclusion.

This focus note highlights the role of e-banking in improving financial access to the poor. It brings forth three major reasons viz. inadequate customer value proposition for the end users, a poorly developed business case for the companies collaborating, and a debilitating environment, responsible (one or all) for successful implementation of e-banking solution. This note concludes with highlighting opportunities for financial institutions and telecommunications companies, regulators’ willingness and understanding the present market demands for enhancing financial inclusion.