Financial Inclusion at the Bottom of the Pyramid

Financial Inclusion at the Bottom of the Pyramid

Carol Realini and Karl Mehta

Half the world has essentially no access to modern financial services – from bank accounts to business loans. Without this access, billions of people either can’t progress from a hand-to-mouth existence, or pay through the nose to do so. This book examines some of the many technological advances that are changing this situation. Mobile phone-based payment systems that are taking Kenya and the Phillipines by storm. A biometric programme in India that gives everyone a unique number they can use to identify themselves to financial service providers. The super-low-cost micro-insurance company that’s growing by 60,000 customers a day. The authors argue that the pyramid, where only the people at the top can get good services, is gradually becoming a platform, where just about everyone can join in.

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