In 2016 the United Nations Human Rights Council declared that the internet was a basic human right. People without access to the internet face a substantial disadvantage. While the developed countries are talking about the rise of smartphone addiction, for millions (or even billions) of people around the world it might be the only way of getting online. Internet access via smartphones is also closely intertwined with the topic of financial inclusion.
Today more than half of the world's total adult population do not have a bank account. Not having access to financial services leaves people detached from the global society altogether. Those people still live their day-to-day lives, buy things, take loans and manage different expenses - they operate in what is known as the informal economy.
Digital financial technology and particularly the global spread of mobile phones, has helped give a growing number of people access to financial services. Find out how the gateway to include unbanked people in the financial system could already be in their pockets.
Fortumo is a digital enablement platform for app stores and digital service providers for user acquisition, monetization and retention. The company connects service providers with more than 350 mobile operators across Asia, Europe, Latin America, the Middle East and Africa.
Service providers use Fortumo’s platform to manage the end-to-end customer lifecycle of mobile users on these networks through the company’s bundling, carrier billing and messaging solutions.
Fortumo’s platform is used by thousands of leading digital merchants including Google, Spotify, Electronic Arts and EasyPark. Founded in 2007, Fortumo has offices in San Francisco, Madrid, Beijing, Delhi, Singapore, Estonia and Hanoi. For more information, please visit https://fortumo.com.