One of the key barriers to access to financial services to the poor and particularly to those living in remote rural areas is the price of being banked. The costs include both the fees charged by the financial institutions and the time and money required to access the banking infrastructure. Relatively recent technological advances have allowed the cell phone to become a safe and effective transactional device. This CGAP Briefing Note examines some of the key strategic issues for financial institutions considering implementing mobile banking
Type: Report
Region: Global
Category: Economic
Organisation/Author: CGAP