Prakash Kirpalani, President APAC of Quatrro Global Services, delivers a keynote speech at the 3rd World Emerging Industries Summit (WEIS 2015)

Impact of Technology on Financial Inclusion

Table of Contents

Introduction to Base Of Pyramid (BOP)

Financial Inclusion & Barriers

Mobile Money as Strategy

Factors Influencing Financial Inclusion

Case Study: Jan Dhan Yojana

Conclusion

Base of Pyramid (BOP) segment of society  

The real source of market promise is not the wealthy few in the developing world, or even the emerging middle income consumers:

“It is the billions of aspiring poor who are joining the Market Economy for the first time”

More than 50% of the world’s adult population remains unbanked; There are several barriers to financial inclusion

Challenges in Financial Inclusion

What Is Needed

What Assets Do We Have

Pioneer in Financial Inclusion

Financial Inclusion with Mobile Money: M – Pesa

A number of factors influence Financial Inclusion

Growth in smartphone penetration will increase the ability of low-income consumers to take advantage

Mobile phones offer a wide range of capabilities that can be applied to Financial Services

Extensive reach of mobile money  hints at the potential for mobile platform to increase access to Financial Services

Case Study - Pradhan Mantri Jan-Dhan Yojana (PMJDY)

Aadhaar

Aadhaar is a 12 digit individual identification number issued by the Unique Identification Authority of India on behalf of the Government of India.

This number will serve as a proof of identity and address, anywhere in India.

Conclusion

Possible Outcomes