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Banks could design and market savings accounts to low income consumers

By Hicbd
Fri Nov 2 2012 4:09 pm

Banks could offer accounts profitably, at a loss with the lifetime value of the customer exceeding the initial investment of offering the savings accounts as an entry product, or consider the savings accounts to be part of their community development efforts.

URL:
http://newamerica.net/sites/newamerica.net/files/policydocs/chan_beyondbarriers_workingpaper_1.pdf
http://blogs.worldbank.org/africacan/can-mobile-phones-be-used-to-bank-the-poor

URL Credit

Categories:
Global Poverty Banks / Financial Institutions Financial Services Global Asset Building / Financial Inclusion

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