Basic Business Models for Banks Providing Digital Financial Services in Africa

Digital financial services have progressed rapidly since the first mobile-money services in East Africa a decade ago. Their early success in Kenya and Tanzania sent telecom firms, banks, technology firms, and development institutions scrambling to...

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Main Author:	Denyes, Lesley
Format:	Brief
Language:	English
Published:	International Finance Corporation, Washington, DC 2019
Subjects:	FINANCIAL SERVICES ACCESS TO FINANCE FINANCIAL INCLUSION DIGITAL BANKING MOBILE MONEY FINTECH FINANCIAL TECHNOLOGY ENGAGEMENT MODELS
Online Access:	http://documents.worldbank.org/curated/en/376101567673260688/Basic-Business-Models-for-Banks-Providing-Digital-Financial-Services-in-Africa http://hdl.handle.net/10986/32364

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recordtype	oai_dc
spelling	okr-10986-323642021-05-25T10:54:44Z Basic Business Models for Banks Providing Digital Financial Services in Africa Denyes, Lesley FINANCIAL SERVICES ACCESS TO FINANCE FINANCIAL INCLUSION DIGITAL BANKING MOBILE MONEY FINTECH FINANCIAL TECHNOLOGY ENGAGEMENT MODELS Digital financial services have progressed rapidly since the first mobile-money services in East Africa a decade ago. Their early success in Kenya and Tanzania sent telecom firms, banks, technology firms, and development institutions scrambling to launch similar services. Yet many or most of these new services found only limited success of their own. The process delivered valuable lessons to the industry, however, including insights about scale, effective engagement models, the importance of adopting new technologies and rethinking corporate cultures, and the need for new digital financial services and products. 2019-09-10T20:46:35Z 2019-09-10T20:46:35Z 2019-06 Brief http://documents.worldbank.org/curated/en/376101567673260688/Basic-Business-Models-for-Banks-Providing-Digital-Financial-Services-in-Africa http://hdl.handle.net/10986/32364 English EMCompass,no. 68; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Africa East Africa Sub-Saharan Africa Kenya Tanzania
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	FINANCIAL SERVICES ACCESS TO FINANCE FINANCIAL INCLUSION DIGITAL BANKING MOBILE MONEY FINTECH FINANCIAL TECHNOLOGY ENGAGEMENT MODELS
spellingShingle	FINANCIAL SERVICES ACCESS TO FINANCE FINANCIAL INCLUSION DIGITAL BANKING MOBILE MONEY FINTECH FINANCIAL TECHNOLOGY ENGAGEMENT MODELS Denyes, Lesley Basic Business Models for Banks Providing Digital Financial Services in Africa
geographic_facet	Africa East Africa Sub-Saharan Africa Kenya Tanzania
relation	EMCompass,no. 68;
description	Digital financial services have progressed rapidly since the first mobile-money services in East Africa a decade ago. Their early success in Kenya and Tanzania sent telecom firms, banks, technology firms, and development institutions scrambling to launch similar services. Yet many or most of these new services found only limited success of their own. The process delivered valuable lessons to the industry, however, including insights about scale, effective engagement models, the importance of adopting new technologies and rethinking corporate cultures, and the need for new digital financial services and products.
format	Brief
author	Denyes, Lesley
author_facet	Denyes, Lesley
author_sort	Denyes, Lesley
title	Basic Business Models for Banks Providing Digital Financial Services in Africa
title_short	Basic Business Models for Banks Providing Digital Financial Services in Africa
title_full	Basic Business Models for Banks Providing Digital Financial Services in Africa
title_fullStr	Basic Business Models for Banks Providing Digital Financial Services in Africa
title_full_unstemmed	Basic Business Models for Banks Providing Digital Financial Services in Africa
title_sort	basic business models for banks providing digital financial services in africa
publisher	International Finance Corporation, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/376101567673260688/Basic-Business-Models-for-Banks-Providing-Digital-Financial-Services-in-Africa http://hdl.handle.net/10986/32364
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Basic Business Models for Banks Providing Digital Financial Services in Africa

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