What will you learn from this book
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Financial Inclusion: Mobile money has played a crucial role in extending financial services to unbanked and underbanked populations, promoting financial inclusion on a global scale.
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Technology as an Enabler: The book may highlight how mobile technology, particularly smartphones, has served as a powerful enabler for mobile money services, making financial transactions more accessible.
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Emergence of New Business Models: The advent of mobile money has given rise to innovative business models, creating opportunities for both traditional financial institutions and non-banking players to participate in the financial ecosystem.
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Impact on Traditional Banking: Mobile money's rise might be discussed in the context of its impact on traditional banking models, prompting banks to adapt and incorporate digital financial services into their offerings.
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Regulatory Considerations: Given the nature of financial services, regulatory frameworks and policies play a crucial role in shaping the landscape of mobile money. The book may delve into the regulatory challenges and considerations.
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Consumer Behavior and Adoption: Understanding how consumers perceive and adopt mobile money services is likely a key theme, exploring factors that influence widespread adoption or potential barriers.
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Security and Trust: Mobile money transactions involve sensitive financial information, and the book may discuss the importance of security measures and building trust among users.
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Global Perspectives: Mobile money is a global phenomenon, and the book might provide insights into how different regions have embraced or adapted mobile money, considering cultural, economic, and technological variations.
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Partnerships and Collaborations: Successful mobile money ecosystems often involve collaborations between telecom operators, financial institutions, fintech companies, and other stakeholders. The book may discuss the importance of such partnerships.
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Socio-Economic Impact: Beyond the financial aspects, the authors might explore the broader socio-economic impact of mobile money, such as its contribution to poverty alleviation, economic empowerment, and job creation.
| Language | English |
|---|---|
| ISBN-13 | 978-8172238650 |
| No of pages | 224 |
| Font Size | Medium |
| Book Publisher | Harper Collins Publishers |
| Published Date | 06 Sep 2010 |
About Author
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The man behind India's telecom revolution brings us the future - and it's on our cellphones. Sometime in the early 1990s, as Sam Pitroda watched his wife write cheques for numerous bills, he came up with the revolutionary idea of a digital or mobile wallet - an electronic version of the leather wallet.
Pitroda registered his first patent on the mobile wallet in 1994, and since then he and his colleague, Mehul Desai, have been traversing the world, taking this technology forward.
Initially resistant to the idea of mobile money, the three stakeholders in mobile telephony - telecom companies, banks and merchants - are now realizing that it is crucial to their growth. All of them are now reinventing themselves for our mobile phones, and competing with each other to manage our lifestyles.
For telecom companies, it is no longer about connectivity but about delivering personalized and secure services. For banks, it is no longer about deposits and lending but about the convergence of financial products and services; and for merchants, it is no longer about goods but goods bundled with services.
For India, which has more mobile phone subscribers (over 470 million, with over ten million being added every month) than bank account holders, mobile money can be an engine for growth. It can also be a life-transforming technology for social good, empowering those at the bottom of the pyramid. Once again, India can show the way to the world.