Cost vs. Tech

October 10, 2013 Editor 0

 As part of NextBillion Financial Innovation‘s launch, we invited a number of top innovators and leaders to contribute their views on financial innovation – what’s driving it, where momentum is heading, and what obstacles remain. Today, Anurag Agrawal, CEO of Intellecap, lays out the core isssues involved in bringing low-cost financial products to customers at the base of the pyramid.

Over the last two decades, with the widespread adoption of technology in the financial services domain, we have seen a fair amount of innovation in the way different financial products and services are delivered. During the same period, we have also seen rising income disparities across the world and therefore a greater thrust towards more inclusive growth, particularly in the developing world where there still exist large sections of unbanked populations that do not have access to basic financial services.

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Categories: Next Billion

Tags: Bottom of the pyramid, financial innovation, Innovation, poverty, Unbanked