Scenarios for Branchless Banking in 2020
This report explores the potential expansion of branchless banking by 2020, focusing on how it could reach the unbanked poor beyond payment services. It examines the forces shaping branchless banking, key uncertainties, and the impact of government and private sector actions on financial inclusion.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
cgap (consultative group to assist the poor) and Department For International Development (DFID) |
| Authors: | David Porteous, Sarah Rotman, Mark Pickens |
| Geographic focus: | Global |
Methods
The research method involved scenario-building with input from nearly 200 experts from over 30 countries. It included workshops, in-depth interviews, and an online predictions market to explore how branchless banking could evolve and affect financial inclusion by 2020.
(Generated with the help of GPT-4)
Key Insights
Branchless banking is expected to grow, but its reach among the unbanked and the range of services offered are uncertain. Factors such as regulatory decisions, business model viability, competition, and market confidence will shape its trajectory. Successful models will likely cater to underserved demand, manage electronic fraud risks, and adapt to changing technology and consumer behavior. Government policies and private sector strategies will be crucial in maximizing branchless banking's spread and depth.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: English publication language | Global geographic scope | agents | banking | branchless banking | business models | competition | consumer confidence | credit | crime | demographics | electronic fraud | financial | financial inclusion | financial services. | government policy | ict | internet access | m-payment | market dynamics | mobile payment | mobile technology | mpayment | nonbank entities | payment services | regulatory environment | savings | scenarios | unbanked poor