Published on People Move

Making mobile banking affordable

This page in:

Adding to my earlier post about card based technologies, m-banking services are far cheaper than brick and mortar banks, but these can be costly compared to a poor person's income.  The Consultative Group to Assist the Poor (CGAP) has a head-to-head comparison of how the prices of the top branchless banking service -- GCash, Smart Padala, M-Pesa, Wizzit and MTN -- stack up against the top four banks in South Africa. The Filipino m-banking services and M-Pesa come out on top in terms of cost and affordability for the poor, while the South Africans providers are relatively more expensive.

New: Teething problems for mobile money transfers? See why Kenyan commercial banks are objecting to the MMT firms such as Safaricom’s M-Pesa which have become enormously popular and grown their customer base exponentially.


Sanket Mohapatra

Associate Professor, IIM Ahmedabad

Join the Conversation

The content of this field is kept private and will not be shown publicly
Remaining characters: 1000