Comments on: Branchless banking in the year 2020 http://technology.cgap.org/2009/03/25/branchless-banking-in-the-year-2020/ How can technology increase the reach of microfinance? Mon, 06 Feb 2012 18:55:24 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Abrar http://technology.cgap.org/2009/03/25/branchless-banking-in-the-year-2020/comment-page-1/#comment-1030 Abrar Mon, 06 Apr 2009 10:38:12 +0000 http://technology.cgap.org/?p=809#comment-1030 I believe numerous business models will evolve depending upon different markets, regulations, enterprenenurs and technology options bundled by various players. What will be even more interesting is to see how the relationships between telcos and banks evolve. I don't see a future for "e-money" as in airtime becoming a currency on its own. As it is we are having a hard time managing the currency risks with physical currencies today and that is one hassle everyone will want to avoid. I see the successful future business model revolving around the concept of biometric authentications and banks working in partnership with technology service providers in moving the society towards cashless structure. The bigger challenge, however, will be differentiation as there are only as many consumer transactions that we can have and once everyone gets to the point of delivering the same services in more or less same time and with more or less same efficiency then the value proposition will have to be found somewhere else. I believe numerous business models will evolve depending upon different markets, regulations, enterprenenurs and technology options bundled by various players. What will be even more interesting is to see how the relationships between telcos and banks evolve. I don’t see a future for “e-money” as in airtime becoming a currency on its own. As it is we are having a hard time managing the currency risks with physical currencies today and that is one hassle everyone will want to avoid.

I see the successful future business model revolving around the concept of biometric authentications and banks working in partnership with technology service providers in moving the society towards cashless structure. The bigger challenge, however, will be differentiation as there are only as many consumer transactions that we can have and once everyone gets to the point of delivering the same services in more or less same time and with more or less same efficiency then the value proposition will have to be found somewhere else.

]]> By: DINUBE: Mobile-enabled cloud transactions » Blog Archive » News http://technology.cgap.org/2009/03/25/branchless-banking-in-the-year-2020/comment-page-1/#comment-1022 DINUBE: Mobile-enabled cloud transactions » Blog Archive » News Fri, 27 Mar 2009 17:07:49 +0000 http://technology.cgap.org/?p=809#comment-1022 [...] Some news: Nokia seeks gold in mobile payments startup Obopay Nokia seeks gold in mobile payments startup Obopay Branchless banking in the year 2020 (CGAP) http://technology.cgap.org/2009/03/25/branchless-banking-in-the-year-2020/ [...] [...] Some news: Nokia seeks gold in mobile payments startup Obopay Nokia seeks gold in mobile payments startup Obopay Branchless banking in the year 2020 (CGAP) http://technology.cgap.org/2009/03/25/branchless-banking-in-the-year-2020/ [...]

]]>