tailieunhanh - Lecture Micro financing & micro leasing - An Introduction: Lecture 16

Lecture 16 - Models and corporate choices. The following will be discussed in this chapter: New technology, corporate choices, champions of inclusive finance, strategic questions, financiers. | Summary of the Last lecture Alternative vs. Bank Financing Remittances MODELS AND CORPORATE CHOICES New Technology Even a bank with a vast network cannot duplicate the reach of small retail stores—or more, of cell phones—and that’s why technology is the big story in remittances today. New Technology Debit and prepaid cards, which are easy to place in retail outlets, provide an alternative to cash-to-cash transfers. It’s estimated that by 2007, 30 to 50 percent of remittance recipients had debit or credit cards. New Technology At the same time, only about 2 percent of the total outbound . remittances use prepaid remittance cards, indicating an opportunity to increase the use of cards in remittances. New Technology Kiosks are another way to complete the last mile. With remittance inflows to India totaling $ billion in 2006, ICICI Bank developed a service called “Money2India,” which had over 670 agent locations. New Technology To expand even further in rural areas, ICICI . | Summary of the Last lecture Alternative vs. Bank Financing Remittances MODELS AND CORPORATE CHOICES New Technology Even a bank with a vast network cannot duplicate the reach of small retail stores—or more, of cell phones—and that’s why technology is the big story in remittances today. New Technology Debit and prepaid cards, which are easy to place in retail outlets, provide an alternative to cash-to-cash transfers. It’s estimated that by 2007, 30 to 50 percent of remittance recipients had debit or credit cards. New Technology At the same time, only about 2 percent of the total outbound . remittances use prepaid remittance cards, indicating an opportunity to increase the use of cards in remittances. New Technology Kiosks are another way to complete the last mile. With remittance inflows to India totaling $ billion in 2006, ICICI Bank developed a service called “Money2India,” which had over 670 agent locations. New Technology To expand even further in rural areas, ICICI adopted a kiosk system with both an ATM and a human agent. The kiosks are independently owned and operated, paid for by user fees for other services. New Technology The longest last mile occurs in rural areas with limited infrastructure, but mobile phones can reach right across this distance. G-Cash (electronic money) is a mobile money-transfer platform owned by Globe Telecommunications in the Philippines. New Technology Through a partnership with Maxis Communications Berhad, the largest mobile service operator in Malaysia, Globe developed the first international mobile-to-mobile direct remittance service. New Technology Maxis to Globe remittance transfers are sent without a bank or bank account and are enormously convenient, especially for rural populations. G-Cash received on the cell phone of the remittance recipient can be cashed out or used to pay bills, make loan payments, or purchase goods. New Technology With as much as 10 percent of its total population working overseas, the .