Monday, October 12, 2015

Re: [MFP] Who is offering digital financial services in India?

 

Hi Sabina
MFIs do not usually provide digital financial services but use mobile technology to improve operating efficiencies. 
Usually it prepaid card issuers who provide mobile wallets and there are several such companies. These services are not only targetted towards low income households. 
Business correspondents of banks also use various digital mechanisms to provide combination of services usually savings and remittences.
MFIs acting as banking correspondent provide credit though not digitally.
It would help to define define digital financial services and then find service providers in India. 
Hope this helps
Thanks
Ragini

Sent from my iPhone 6

On Oct 10, 2015, at 4:32 AM, Sabina Rogers rogers@microcreditsummit.org [MicrofinancePractice] <MicrofinancePractice@yahoogroups.com> wrote:

 

Good evening!

I am conducting a very unscientific poll, trying to figure out how many (and which) MFIs in India are offering digital financial services. I'm talking mobile money: payments, ewallet, etc.

Thank you, everyone, in advance.

Best,

Sabina

 

Sabina ROGERS| Communications and Relationship Manager

MICROCREDIT SUMMIT CAMPAIGN | A Project of RESULTS Educational Fund

1101 15th Street NW | Suite 1200 | Washington, DC 20005 

Ph : +1.202.637.9600 ext 128 | Fax: +1.202.466.1396 | Skype: jayaichyou | E: rogers@microcreditsummit.org

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