E-banking and micro finance institutions (MFIs) are the big winners as mobile technology facilitates credit processes worldwide according to Sharone Perlstein. Read more: http://www.sharone-microfinance.com/blog/smartphones-changed-world-finance-banking/

1. GSMA’s 2012 Mobile Money for the Unbanked.
live mobile money deployments in 72 countries with 82
million customers registered.
Global Mobile Adoption Survey reports that there are 150

2. Peer-to-peer (P2P) transfers
represent 82 percent of the transactions.

3. One of the biggest determinants
of the customer repayment choice
is something as simple as agent proximity compared
to branch proximity.

4. MFI’s are credit based while m-banking is payments focused
and more transnational banking. M-banking employs
sophisticated back end systems while the MFI sector
uses relatively uncomplicated back ends to drive the
platform.

5. Enabling Credit Approval and Repayments.
Mobile technology has enabled MFIs to broaden the reach of
small business finance
in a simple way that enables credit approval, loans and
repayments through one easy channel.

6. Customer Choice.
Customers choose between agents or branches for
repayments.
A Pakistan study in 2012 showed 40 percent of loan
repayments were made through a network of 1,800 agents.
The customer choice was simply what is nearest the agent
or the branch.

7. Customer Choice.
Customers choose between agents or branches for
repayments.
A Pakistan study in 2012 showed 40 percent of loan
repayments were made through a network of 1,800 agents.
The customer choice was simply what is nearest the agent
or the branch.

8. China’s Fintech Industry Leading the World in Mobile Transactions.
Today, 65% of China’s mobile users use their phones as
mobile wallets
That is almost half a billion people purchasing products at
retail outlets with simple QR scanning or shopping online.

9. Ecommerce platforms in China,
such as Ali Express, now approve credit on small purchases
through mobile transaction history.

10. Want to know more? Click here.