This article discusses how there is a large market in developing nations for fintech companies because of their ability create a whole new mobile banking services where traditional banking services do not exist.\u00a0 These companies will be able to do this because there are great indicators that mobile cell usage in developing nations is rapidly increasing across many income levels.\u00a0 The first thing that popped into my mind at this point in the article was the challenges that these companies were going to face when digitizing a country that lacks the infrastructure to do so.\u00a0 The article goes on to highlight the exact challenges that I was thinking of.\u00a0 These challenges are lack of infrastructure and efficient cloud services, users without a data footprint, and consumers who have chaotic and cash based lives.\u00a0 The most important of these issues is the users whose access to the internet is very limited.\u00a0 I believe that market that these fintech companies can actually reach is going to be smaller than they believe due to the fact that people in these developing countries cannot afford smartphones and have access to the internet needed to utilize these fintech services.\u00a0 Once the internet accessibility infrastructure in these countries is much better, these fintech companies will begin to thrive and grow even more.<\/p>\n
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Article link:\u00a0https:\/\/hbr.org\/2017\/01\/fintech-companies-could-give-billions-of-people-more-banking-options<\/p>\n","protected":false},"excerpt":{"rendered":"
This article discusses how there is a large market in developing nations for fintech companies because of their ability create a whole new mobile banking services where traditional banking services do not exist.\u00a0 These companies will be able to do this because there are great indicators that mobile cell usage in developing nations is rapidly … Continue reading Third World Citizens Banking Through FinTech<\/span><\/a><\/p>\n","protected":false},"author":1836,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-308","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":2,"qubely_featured_image_url":null,"qubely_author":{"display_name":"jsteiner","author_link":"https:\/\/blogs.scu.edu\/finis\/author\/jsteiner\/"},"qubely_comment":2,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"This article discusses how there is a large market in developing nations for fintech companies because of their ability create a whole new mobile banking services where traditional banking services do not exist.\u00a0 These companies will be able to do this because there are great indicators that mobile cell usage in developing nations is rapidly…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/users\/1836"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/comments?post=308"}],"version-history":[{"count":2,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/308\/revisions"}],"predecessor-version":[{"id":313,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/posts\/308\/revisions\/313"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/media?parent=308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/categories?post=308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/finis\/wp-json\/wp\/v2\/tags?post=308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}