FROM FINANCIAL INCLUSION TO DIGITAL BANKING
Mobile money has, to quote GSMA, “done more to extend the reach of financial services in the last decade than traditional brick and mortar banking has, in the last century. It has (and continues to) played a key role in deepening financial inclusion. So, what’s next?
Herein lies the conundrum-the mobile payments space is, without a doubt, witnessing significant activity. However, not all trends are worth examining in detail. The second edition of Mahindra Comviva’s newsletter, featuring Gartner Research, aims to do just that. The newsletter takes an in-depth look at five trends that are shaping the mobile payments space-now and in the near future.
Broadly, the newsletter takes a look at the evolution of mobile money services; the rise of enterprise mobile money; why conversational commerce is in the spotlight today; why unified payments acceptance for merchants ought to be the norm and the advent of digital banks.
The newsletter also features the Practical Blockchain: A Gartner Trend Insight Report.
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With more and more payment transactions going digital, 2018 promises to be another crucial year for growth of digital payments. We take a closer look at the growth drivers of digital payments in 2018 in the first article “What to Expect in Digital Payments in 2018”
In the second article “The Rise of China’s Cashless Society” we turn the spotlight on China and explore how it is becoming the global flag bearer for digital payments economy.
Next, in the article “Mobile Money Interoperability” we discuss how service providers, regulators and industry bodies are working towards achieving interoperability to realize the true potential of mobile money.
And, finally, in the article “Moving towards a Mobile Money Revolution in Afghanistan”
we turn our attention to Afghanistan to look at how mobile money can help in rebuilding the economy of this war ravaged country.
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