Payments Innovation for the Financially Underserved

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Covering the technology and finance behind building technology innovation for the underbanked and unbanked

Covering the technology and finance behind building technology innovation for the underbanked and unbanked

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  • 1. Payments Innovation for the Financially Underserved Jonathan LeBlanc (@jcleblanc) Global Head of Developer Evangelism at PayPal
  • 2. Underbanked / Unbanked?
  • 3. The Underbanked The Unbanked
  • 4. State of the US
  • 5. The Unbanked 8.8% of America households (1 in 12, or 10.8 million) are unbanked The Underbanked 20.1% of households (1 in 5, or 24 million) are underbanked
  • 6. Household Account Types • 29.3% have no savings account • 10% have no checking account Use of Alternate Financial Services • 25% use at least one AFS • Almost 1/10 regularly use 2 or more • About 4/10 unbanked and underbanked used an AFS in the last 30 days
  • 7. Manipulating the Underbanked and Unbanked
  • 8. Turning to Mobile
  • 9. The Underbanked • 91% of underbanked have a mobile phone • 57% have a smartphone • 29% used mobile banking in last 12 months • 17% have used mobile payments
  • 10. The Unbanked • 64% of unbanked have a mobile phone • 18% have a smartphone • 10% used mobile banking in last 12 months • 12% have used mobile payments
  • 11. A Technology Use Case
  • 12. Funding: Prepaid Debit Cards http://ppd.io/pp-prepaid-card
  • 13. Commerce: Bluetooth Smart http://ppd.io/pp-prepaid-card
  • 14. Point of Sale Integration http://www.shopkeep.com/
  • 15. Bluetooth Smart Hacking
  • 16. The New Savings Market
  • 17. Family Run Accounts http://ppd.io/pp-family-savings
  • 18. Family Savings Hacking
  • 19. Learning from the Rest of the World
  • 20. What to Think About
  • 21. Funding A single savings / checking account or some pre-paid / cash equivalent card Payments Mobile first approach Targets Payday loans / high interest rate organizations
  • 22. Thanks! Questions? Slides: http://slideshare.net/jcleblanc Jonathan LeBlanc (@jcleblanc) Global Head of Developer Evangelism at PayPal