Blog
How to Boost Financial Inclusion with E-Wallet Integration: An Interview with a Top-Tier Banking Expert
Creating holistic digital ecosystems at scale is one of the high demand services that Wallet Factory helps out financial businesses with.
Details01.10.2021
MFS in Thailand: The Need for Synergy Between Banks and Telecoms
Southeast Asia region is a desirable slice of the financial pie in that respect. And there’s a rationale behind that. To understand the FinTech landscape in the ASEAN region, let’s have a look at Thailand.
Details01.04.2020
Coronavirus: The future of cash and mobile payments
As the Coronavirus pandemic progresses around the globe, should the public stop using cash as a source of the virus spread? The question has reached its peak when the number of infected cases exceeded 247,400, with the death toll of 10,070 people.
Details20.03.2020
How to Accelerate Mobile Financial Inclusion Rates in Vietnam
Online and mobile payments in Vietnam seem to have broken logjam in 2018 since their performance hitherto was rather low. That's not to say that online transfers (not to mention the payments through MFS) are at the peak of inclusion, as the percentage of mobile financial inclusion still leaves much to be desired.
Details12.03.2020
Malaysia to ramp up Mobile Financial Services to reach underbanked residents
With a rather high level of financial inclusion, Malaysia is still on the way to a cashless society. Bank account penetration in the country makes up 85% whereas only 21% have a credit card, as little as 11% have a mobile account, and no more than 47% purchase online.
Details11.03.2020
Mobile financial services to increase financial inclusion in the Philippines
The one third or 536 out of 1,530 of Philippine cities, towns, and villages still remain unbanked mostly due to the country’s archipelagic contours, preventing their population from being financially included.
Details27.02.2020
Mobile Financial Services in Singapore
Singapore is the most developed country in the ASEAN region, maintaining a very high level of healthcare, education, personal safety, housing, and quality of life. The nation’s financial inclusion sounds impressive: 98% of Singaporeans have a bank account.
Details29.01.2020
MFS in Indonesia: Banking the Unbanked
Indonesia seems to be gradually promoting financial inclusion clamoring to reach 75% in 2019. The digitization of financial services and social assistance have contributed to increasing financial inclusion rate to 65% in 2019.
Details11.12.2019
MFS Platform to Boost Financial Inclusion in Myanmar
Myanmar seems to be the last large untapped market in the ASEAN region. Even though the country has seen a rapid increase in economic growth in recent years, there is much to be done to promote financial inclusion in Myanmar. The worldwide expanding financial technology (fintech) is likely to be the best way of tackling the problem.
Details6.11.2019
How microinsurance can help Telecoms to boost revenue
While telecom operators continue expansion into the banking market, some operators have discovered an opportunity on the insurance market. The mobile-enabled microinsurance is a new trend of the industry of mobile financial services. The mobile microinsurance is insurance for ...
Details31.07.2019
Telecom operators in a bid for MFS market
The retail financial services market has been the banks’ monopoly to the point of mobile technology advent. Smartphones, mobile Internet and technology have changed the situation, creating a new market of mobile financial services (MFS).
Details26.03.2019
Should mobile operators enter the banking market?
According to GSMA Intelligence data, in the Telecom industry, the average revenue per user (ARPU) is $9.49 per month. Banking market showing revenue per customer ten times higher.
Details13.03.2019
