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Mobile financial services —primed for loans

Maya Barkay, Product Marketing Manager, Mobile Financial Services, Amdocs | May 4, 2016
With more than 114 million mobile connections in the country, mobile phones have become a ubiquitous and unique tool that provides Filipinos with quick, convenient and low cost access to money.

But even better is that service providers, given their nature, have important advantages that make them well placed to instil the confidence of potential subscribers.  According to Boston Consulting Group:

  • They are traditionally focused on all customers, not just the most profitable among them.
  • They already have a secure device - the mobile phone - in customers' hands.
  • They have the added benefit of a large distribution network.

And with so many people still not accessing mobile financial services, there's still plenty of business to go around for everybody.

 

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