Emerging MarketsEmerging Markets

Pains and PotentialsPains and Potentials

37coins

Shared Pains

Banking Access Remittance FeesLow tech

Banking Access Remittance FeesLow tech

● Low rate of accounts per capita● Few bank branches

per user● Low usage of credit card● High costs of banking services● Poor banking education

http://www.economist.com/blogs/dailychart/2010/12/remittances

Banking Access Remittance FeesLow tech

Banking Access Remittance FeesLow tech

● Not to many smartphones

http://think.withgoogle.com/mobileplanet

Banking Access Remittance FeesLow tech

● Poor internet access

http://en.wikipedia.org/wiki/File:InternetPenetrationWorldMap.svg

Banking Access Remittance FeesLow tech

● Mobile phones?

Shared Pains

Banking Access Remittance FeesLow tech

Potentials

Banking Access Remittance FeesLow tech

???

● Banking Solutions● Low or zero remittance fees● Using mobile phones only (SMS)