Comments on: Word of the Week: Branchless Banking http://cfi-blog.org/2010/09/13/word-of-the-week-branchless-banking/ Mon, 30 Jun 2014 15:45:07 +0000 hourly 1 http://wordpress.com/ By: Fehmeen http://cfi-blog.org/2010/09/13/word-of-the-week-branchless-banking/#comment-792 Wed, 15 Sep 2010 16:14:01 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=2093#comment-792 That is absolutely correct. Commercial banks must have a lot to learn from branch-less banking operators in terms of cost-efficiency and if they (banks) fail to collaborate with these operators, they may face a significant competitive threat in the long run. An example of a valuable alliance between banks and brachless banking is that of M-Kesho in Kenya.

]]> By: Center for Financial Inclusion http://cfi-blog.org/2010/09/13/word-of-the-week-branchless-banking/#comment-790 Tue, 14 Sep 2010 14:02:50 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=2093#comment-790 Hi Fahmeen,

Thanks for this resource! Its full of good insights. One that I found interesting (in addition to the yours on mobile banking) is their takeaway that, “The lower the transaction value, the cheaper branchless banking is in comparison with banks. For example, at a transactional value of $23,
branchless banking is on average 38% cheaper than commercial banks we looked at.” The high costs that banks have with small transaction amounts is an important hurdle to financial inclusion so the fact above is a persuasive illustration of the value of branchless banking.

]]> By: Fehmeen http://cfi-blog.org/2010/09/13/word-of-the-week-branchless-banking/#comment-789 Tue, 14 Sep 2010 13:19:26 +0000 http://centerforfinancialinclusionblog.wordpress.com/?p=2093#comment-789 Here’s another resource about mobile banking: http://www.cgap.org/gm/document-1.9.43876/Branchless_Banking_Pricing_Analysis_May_2010.pdf.

It’s a paper that concludes mobile banking is almost 20% cheaper than traditional banking.

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