Micro-credit, insurance, and simple saving accounts are already making a very positive impact on millions of the world's poor, while also creating new opportunities for innovative mobile network service providers in emerging markets. Both micro-finance providers, and mobile carriers, are driving a surge in financial inclusion for the un-banked populace in developing nations, through the provision of sophisticated mobile finance services, according to the latest market study by Juniper Research. Juniper now estimates that micro-finance user numbers in developing regions -- including Africa & India -- will triple from 94 million in 2015 to 283 million by 2020. They found that mobile savings accounts -- such as Safaricom’s M-Shwari and Tigo Tanzania -- had already gained mass adoption in their respective markets, with the mobile network operators benefiting both from reduced churn and from the opportunity to upsell additional content such as micro-insurance and loans. Inde...
TMT Market Research and Analysis